One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate in Romania, posts a consolidated turnover of 84.3 million euros for Q1 2024, a 5% decrease compared to Q1 2023. The gross profit reached 37 million euros, a 2% year-over-year increase, while the net profit amounted to 31.6 million euros, a 3% growth compared to Q1 2023.
flydubai, the UAE-based airline, opens an office in Bucharest in the Eminescu Offices building through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that WNS, the forefront business process management (BPM) company, will be relocating its headquarters to One Cotroceni Park, as of this April. By moving to one of the emblematic business offices in Bucharest, WNS is affirming a commitment to providing a cutting-edge working environment for its 400+ employees.
SkyTower, the iconic landmark of Bucharest and the tallest building in Romania, proudly announces that it has secured leases for more than 3,000 square metres of prime office space in the first quarter of 2024, attracting interest from both local and international companies.
Vastint Romania, part of the VASTINT group with over 30 years of international experience in real estate, announces the signing of a new lease agreement at the Timpuri Noi Square office project with KARL STORZ Endoscopy ROMANIA, a sales subsidiary for the international leader in endoscopy, KARL STORZ.
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, held, on April 25th, 2024, the General Meeting of Shareholders (GMS). During the GMS, the shareholders approved, among other items, the distribution of the second tranche of the dividends from 2023 profits, the 2024 budget, and elected members of the Board of Directors. The quorum of the GMS was over 80%
Half of the real estate companies in Central Europe (49%) estimate investment to increase this year and only 19% expect a decrease (down from 51% in 2023), amid improving perception of growth potential in the market, according to Deloitte 2024 Real Estate Confidence Survey for Central Europe. Moreover, 40% of respondents anticipate market activity to increase this year, up from 15% a year ago, while the proportion expecting a decrease has fallen to 16%, from 57% in 2023.
2024 looks to be a very good year for strategic acquisitions in the land market, given the favorable long-term outlook.
Activity in the land market has slowed over the past year, but investor enthusiasm for Romania’s long-term potential remains stable. Demand for strategic land plots, which now can be secured at more interesting terms than in a highly active market, is growing, Colliers Consultants note. This trend is attracting the interest of major developers looking to strengthen their position in the property market.
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