One United Properties contracts development financing for One Technology District

One United Properties announces a financing facility for the development of One Technology District, the largest semiconductor chip R&D centre in Southeastern Europe currently being developed for Infineon Technologies for a period of 15 years, starting in 2026.

The financing includes a loan to be used for the construction of the development in the amount of EUR 28.5 million, which will be increased to an investment loan of EUR 37.5 million once the building is completed. The company also received a EUR 4 million VAT line. The maturity of the credit is June 2033. The financing was brokered by Erste Group Bank AG acting as Agent, Original Lender and Hedge Counterparty, and Banca Comercială Română S.A., acting as VAT Lender, Security Agent and Account Bank.

”One Technology District, an office and research lab campus built to the highest standards of sustainability, is the kind of project that confirms the attractiveness of the local market for global players. It is developed based on cutting-edge sustainable principles that will allow the building to operate completely gas-free, thus positioning it among the most sustainable developments in Europe. One Technology District aims to be the largest semiconductor research and development centre in South-East Europe. This investment is a confirmation for the potential of the Romanian market and supports our strategy to focus on the development of fully leased and pre-leased green office projects”, said Andrei Diaconescu, co-CEO One United Properties.