October 6 (SeeNews) - Romanian real estate developer One United Properties [BVB:ONE] said on Thursday it has acquired the Eliade Tower office building in Bucharest from Eurobank Greece for 9.5 million euro ($9.4 million).
In the short term, the building will serve as an office building in the company's portfolio, One United Properties said in a press release.
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Eliade Tower has an area of approximately 10,000 sq m spread over 10 floors. The building benefits from above-ground parking and currently has an occupancy rate of 50%.
"We are interested in opportunities for acquiring key properties for our portfolio, and our recent share capital increase allows us to do just that," One United Properties CEO Victor Capitanu said.
Founded in 2007, One United Properties has a portfolio of residential, commercial, and office developments. By 2023, the company's portfolio will include a total leasable area of approximately 150,000 sq m.
Blue-chip One United Properties shares traded 0.16% higher at 1.2280 lei ($0.25/ 0.25 euro)/share at 1018 CET on Thursday on the Bucharest Stock Exchange.
($=1.0078 euro)