September 20 (SeeNews) - Romanian real estate developer One United Properties [BSE:ONE] said on Tuesday that by the end of this year, its commercial portfolio is expected to reach a gross leasing available area of 190,000 sq m.
The office portfolio will comprise 148,000 sq m of the total GLA expected for end-2022, following the completion of the second phase of One Cotroceni Park Office's construction, One Properties said in a press release.
Since January 2020 to date, One Properties signed lease contracts for 103,400 sq m office space.
One Tower, part of One Floreasca City, one of the developer's mixed-use projects in the capital Bucharest, reached a 100% occupancy rate.
Another one of the company's properties, One Herastrau Office, also reached an occupancy rate of 100%, while One Cotroceni Park, located in central Bucharest, signed lease contracts for 83% of its office and commercial spaces in the first phase of development and for 50% in the second phase, by August 2022.
"When choosing their office headquarters, companies are now interested in sanitary and energy efficiency criteria and prefer modern spaces that combine office with wellbeing or relaxation services, while ensuring modern technologies." said Mihai Paduroiu, CEO of Office Division One United Properties.
One United Properties is green investor and developer of residential, mixed-use and commercial real estate projects in Bucharest.
The company is listed on the main market of the Bucharest Stock Exchange and currently has a market capitalization of 3.35 billion lei ($679.5 million/681.5 million euro).
Its shares traded 2.98% higher at 1.2440 lei by 1041 CET on Tuesday, bourse data showed.
(1 euro=4.9313 lei)