One United Properties signs EUR 57 million record agreement with Infineon Technologies

by   CIJ News iDesk V
2023-11-08   10:11
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One United Properties announces a significant office project to be developed for the listed German tech giant Infineon Technologies, a leader in designing and manufacturing semiconductors. One United Properties was commissioned to develop a turnkey sustainable prime office building to cover Infineon needs for a period of 15 years, starting with 2026. The total value of the contract amounts to EUR 57 million (excluding VAT) and it represents one of the largest office preleases ever recorded on the local office market.

The agreement provides the lease of office space with Gross Leasable Area of 20,595 sqm (including terraces) and parking, for a future office building that One United Properties will develop for Infineon Technologies new headquarters in Romania. The German company has been present in Romania with a Research & Development centre for 18 years with its main hub in Bucharest. The organic growth of the company in the local market led to a need for a premium office development integrating the latest technologies in the field. Following a competitive process commenced three years ago, One United Properties was selected as their partner to develop a new sustainable and certified office building.

The future development will be located in the Barbu Văcărescu - Dimitrie Pompeiu area of Bucharest and it will provide 20,595 sqm GLA, including 3,000 sqm of laboratories, to cater to the company local headquarters needs for 15 years, a record for the local office market. The office building especially designed for Infineon Technologies will align to sustainable principles, incorporating the latest technology and materials, such as geoexchange system and special structural features, as well as LEED Platinum certification. Delivery is estimated for Q2 2026.

”We proudly announce that our company has been selected, following a minute competitive process, to develop a brand-new office building for the Romanian headquarters of Infineon Technologies, Germany's largest semiconductor manufacturer and one of the leading companies in the field worldwide. 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 highly 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 developing 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”, said Mihai Păduroiu, CEO Office Division One United Properties.

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