Romanian real estate group One United Properties has announced the start of construction works for One Technology District. 

The development will host the largest semiconductor R&D centre in Southeast Europe operated by Infineon Technologies.

The total contract value amounts to €57mn (excluding VAT) and represents one of the largest pre-lease agreements ever recorded in the local office market.

The German company has been active in Romania for 18 years with a research and development centre. The organic growth of Infineon in Romania led to the need to develop premium offices that integrate "the latest technologies in the field", a press release said.

”The collaboration with Infineon Technologies, the largest semiconductor manufacturer in Germany and one of the most important companies in the field worldwide, is a significant achievement both for our company and the local market," said Mihai Paduroiu, CEO Office Division One United Properties.

"It is a confirmation of Bucharest's status as a highly attractive market for international companies that understand the value of sustainable construction, a performing market in this office segment as well. We are moving forward with this project with the building permit and taking the first steps in the development of our first office building based exclusively on the geoexchange system, completely eliminating any gas connection and dependency."

After a competitive process that began more than three years ago, One United Properties was selected as a partner for the development of a new certified sustainable office building.

The development will be located in the Barbu Văcărescu - Dimitrie Pompeiu area of Bucharest and will offer a gross leasable area of 20,595 square meters, including 3,000 square meters of laboratories, to meet the needs of the company's local headquarters for 15 years from 2026.