INVESTMENTS
-One United Properties, the leading green real estate developer in Bucharest, has finalized the acquisition of a historic building located in the center of the Romanian capital, the former Ford factory. One United Properties intends to fully restore the factory and transform it into a retail space, One Gallery. The deal was inked with Auchan Romania. Upon completion of the construction, the restored building will have a gross leasable area of approximately 13,000 sqm and 400 parking spaces built on two underground floors.
-Romanian property restitution fund Fondul Proprietatea announced in a Bucharest Stock Exchange report on Dec 15, through its sole administrator Franklin Templeton, that private pension fund Fondul de Pensii Administrat Privat Metropolitan Life reached an ownership stake of 4.1% of the share capital of FP, respectively 3.55 billion voting rights.
