Romanian developer One United Properties has secured €78 million in fresh funding from a group of banks for the office component of One Cotroceni Park in Bucharest.
The loan with a 7-year maturity was granted by Banca Comerciala Română, BRD Group Société Générale and Erste Bank A.G.
One Cotroceni Park is a mixed-use scheme that will include around 75,000 sqm of office space, over 560 residential units and commercial facilities.
Shares in One United Properties were flat at 1.80 lei on Monday trading on Bucharest Stock Exchange. Its market capitalization stood at €508 million.
The company’s core city is Bucharest, where it develops high-end apartments, offices and mixed-use projects.
