Romanian real estate developer One United Properties has signed a €57 mln turnkey contract with German tech giant Infineon Technologies to build a new sustainable office.
The prime office building will have a gross leasable area of 20,595 m2, including 3,000 m2 of laboratories, as well as parking.
It will be designed to meet the needs of Infineon Technologies, which has been present in Romania for 18 years with an R&D centre and is now expanding its operations in the country.
The building will be located in the Barbu Vacarescu - Dimitrie Pompeiu area of Bucharest and is scheduled for completion in Q2 2026.
It will be built to sustainable principles, incorporating the latest technology and materials, and will be LEED Platinum certified.
Mihai Paduroiu, CEO office division One United Properties, said: ‘This represents a significant contract for One United Properties, as well as one of the most important agreements ever recorded on the local office market. As the semiconductor industry is one in high demand and future-proof, to say the least, we are delighted to be part of this one-of-a-kind project for the Romanian market that stands as a confirmation of our long-term efforts to develop sustainable and highly certified office products, and to the fact that the Bucharest Office market is still one of the most attractive business destinations in the EU.’
Guenter Krasser, VP and managing director Infineon in Romania, added: ‘With the signing of this contract, Infineon confirms its commitment to Bucharest and Romania as an important region for R&D and lays the foundations for future growth. This building, custom designed as a high-tech R&D centre, will offer our engineers a very attractive office environment and leading lab- infrastructure to deliver together on our promise to address the two defining challenges of our times, decarbonization and digitalization.’
This is the largest office pre-lease ever recorded on the Romanian office market and represents a significant milestone for One United Properties, a leading green investor and developer of residential, mixed-use, and office real estate in Romania.