Real estate company, One United Properties, reveals plans for strategic growth in Sibiu
One United Properties, a leading green investor and developer in Romania, has announced its strategic entry into Sibiu with a new mixed-use community project. The development, located on the former FLARO industrial platform, will blend modern architecture with the preservation of four historical buildings, including the iconic Gratioza fountain-pen factory founded in 1922.
Victor Capitanu and Andrei Diaconescu, co-CEOs of One United Properties, expressed excitement about the opportunity to expand beyond Bucharest and Constanta, and to strengthen their business model through regional diversification. This move is in line with the company's commitment to addressing evolving urban demand patterns and supporting sustainable transformation.
The Sibiu project aims to regenerate and transform an underutilized central area of Sibiu into a vibrant, modern urban community. The new development will integrate residential, commercial, and service components, making it a desirable destination for living, working, and leisure, attracting both local residents and visitors.
The future development in Sibiu will reflect Sibiu's identity and support its long-term growth. Sibiu, one of Romania's most dynamic regional cities, is known for its thriving economy, rich cultural heritage, and growing demand for quality urban living. This project will further enhance the city's urban fabric, fostering economic growth, improving living standards, and diversifying regional opportunities beyond the capital and coastal cities.
One United Properties has signed a promissory sale and purchase agreement for the land in Sibiu, reinforcing its ability to identify and secure strategic opportunities that generate long-term value for residents, investors, and the local economy. The transaction for the Sibiu development is subject to the issuance of the final building permit, expected by the end of 2026.
Restoring the Gratioza fountain-pen factory reflects One United Properties' commitment to protecting cultural heritage. The company, publicly traded on the Bucharest Stock Exchange and included in multiple indices such as BET, STOXX, MSCI, FTSE, ROTX, and CEEplus, has received numerous awards and recognitions for its superior sustainability, energy efficiency, and wellness.
In summary, the Sibiu project marks One United Properties' first expansion beyond Bucharest and Constanta, demonstrating its focus on regional diversification. The development will contribute to Sibiu's growth by addressing the increasing demand for quality urban living and modern, integrated spaces. It will also promote sustainable transformation aligned with the company’s green development principles, revitalizing a key historical and economic area while supporting urban regeneration and diversification in Sibiu's real estate market. The new community in Sibiu is planned to become a landmark destination that enhances Sibiu's appeal while contributing to its long-term growth.
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