Romanian developer of residential, mixed-use, and office properties, One United, recorded total sales and pre-sales of EUR 45.1 million in the first quarter of 2025, corresponding to 14,794 sqm of residential and commercial spaces.
In Q1 2025, One Lake District remained One United Properties best-selling development for the seventh consecutive quarter, followed by One High District and One Lake Club. As of March 31st, 2025, 77% of the available units under development and delivered were sold to final clients.
The commercial division recorded headline rent of EUR 7 million, a 3% YoY increase. It leased and pre-leased a total of 16,520 sqm of commercial space, which includes 3,820 sqm of new leases and 12,700 sqm of lease extensions. As of March 31st, 2025, the standing commercial portfolio covers over 144,000 sqm of gross leasable area and is estimated to reach 187,000 sqm by the end of 2026 based on ongoing construction at One Gallery, One Technology District and Hotel Mondrian.
As of March 31st, 2025, One United Properties had 4,041 units, 22,000 sqm of office space, and 21,000 sqm of commercial space under construction, with a combined Gross Development Value (GDV) of EUR 1.5 billion. Of this, EUR 1.233 billion represents GDV under construction for the residential segment alone.