One United Properties sold long-term leased properties worth EUR 52.4 million

One United Properties sold long-term leased properties, part of its commercial project portfolio, worth EUR 52.4 million in the last 18 months. The total area of these properties is 20,851 square meters GLA and the transactions recorded an average yield of 6.64%.

“The intense activity that our company’s commercial division has carried out in the last year and a half indicates a significant increase in investor interest in income-generating assets,” says Mihai Păduroiu, CEO Office Division One United Properties.

“We sold all the leased assets in the portfolio that were small in size, under EUR 10 million per property, and the demand we found in the market was very robust,” adds Mihai Păduroiu.

Among the properties traded are One Herăstrău Office, the Lidl retail space at One Verdi Park, the One North Gate 2 building, as well as the retail spaces in the One Cotroceni Park and One High District developments intended for the opening of new sports centers with swimming pools operated by WorldClass.