One United Properties announces strategic expansion to Sibiu

One United Properties announces the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu, marking the Company’s strategic entry into one of Romania’s most dynamic regional cities.

“Sibiu is one of the most exciting urban development opportunities in Romania today. The city has strong fundamentals – a thriving economy, rich cultural heritage, and growing demand for quality urban living. By bringing the ONE standard to Sibiu, we are expanding geographically beyond Bucharest and Constanta, while strengthening our business model through regional diversification and addressing unmet demand in key urban centers. At the same time, we are contributing to the sustainable transformation of underutilized central areas into communities that truly serve modern needs,” said Victor Căpitanu, co-CEO of One United Properties.

The acquired site, located on the former FLARO industrial platform, offers significant potential for urban regeneration. In addition to developing a new mixed-use community that will integrate residential, commercial, and service components, One United Properties will also restore and preserve four existing historical buildings on the site. These heritage buildings, which reflect the industrial and architectural history of Sibiu, will be rehabilitated and reintegrated into the future development.

The transaction is subject to the fulfillment of several conditions precedent, including the issuance of the final building permit, expected by the end of 2026.