In 2024, One United Properties reported a consolidated revenue of 285.5 million euros and gross profit of 88.6 million euros.
One United Properties, a Romanian green developer of residential, mixed-use, and office real estate, has reported impressive figures for 2024. The company recorded a preliminary turnover of EUR 285.5 million, with a focus on sustainable and energy-efficient urban regeneration projects.
The year saw the company successfully raise 68.3 million euros from its investors. The revenue from the residential segment reached EUR 223.1 million, although it experienced a 2% year-over-year decrease. Despite this, net income from residential properties increased by 6% year-over-year to 65.2 million euros.
One United Properties also saw significant growth in its rental income. Rental income, including revenues from the commercial division and tenant services, rose by 17% YoY, reaching EUR 30.4 million. The company collected EUR 173.8 million from residential sales and pre-sales in 2024.
By the end of 2024, 74% of the total available units under development or already delivered by One United Properties were sold. The company's gross profit in 2024 was EUR 88.6 million, and the net profit for the year stood at EUR 76.7 million. One United Properties closed 2024 with a cash position of 86.8 million euros, up 3% year-over-year.
Looking ahead to 2025, One United Properties is planning to deliver a record number of residential units, offices, and commercial spaces with a substantial GDV. The company expects to deliver 2,300 units in 2025, making it the most ambitious delivery year to date.
One United Properties plans to deliver the largest volume of residential units in its history in the second half of 2025. A total of 3,884 residential units, 22,000 sqm of office space, and 21,000 sqm of commercial space are under construction, representing a combined Gross Development Value (GDV) of EUR 1.44 billion.
The company also plans to expand into new regional markets like Sibiu, marking a geographic diversification beyond Bucharest and Constanta. One United Properties aims to meet rising demand in key regional urban centers while promoting urban regeneration and sustainability. The company plans to develop a new mixed-use community integrating residential, commercial, and service components while also restoring and preserving four historic buildings on a former industrial site.
Over the past five years, One United Properties has more than tripled its total assets and quadrupled its equity. As of the end of 2024, One United Properties owned or had under pre-SPA 285,100 sqm of land for further development. The total above-ground gross building rights (GBA) for the land plots owned by One United Properties is approximately 988,000 sqm. The company currently has 13 active construction sites, and the total gross square meters under construction by One United Properties as of December 31, 2024, was 665,000.
Out of the commercial buildings to be constructed, 121,000 sqm will be offices, and the remaining 25,000 sqm will undergo restoration. One United Properties' gross development value (GDV) as of December 31, 2024, was EUR 1.5 billion. The estimated GDV of the land plots in the planning phase is additional EUR 1.8 billion.
In summary, One United Properties is focused on delivering a record number of residential units, offices, and commercial spaces with a substantial GDV, expanding into new regional markets, prioritizing sustainable, energy-efficient, and heritage-conscious urban regeneration projects, and continuing to build thriving, sustainable communities with a strong emphasis on green building practices and long-term value growth.
[1] One United Properties Press Release, "One United Properties to Deliver Record Number of Residential Units, Offices, and Commercial Spaces in 2025", link
[2] One United Properties Press Release, "One United Properties Expands into Sibiu with Mixed-Use Development", link
[3] One United Properties Press Release, "One United Properties to Develop More than 9,000 Future Residential Units", link
[4] One United Properties Annual Report 2024, link
[5] One United Properties Sustainability Report 2024, link
The company, One United Properties, successfully increased its revenue from investors in the finance sector, amounting to 68.3 million euros in 2024. With a focus on real-estate development, the company expanded its business by planning to deliver a record number of residential, office, and commercial properties in 2025, aiming at a combined Gross Development Value (GDV) of EUR 1.44 billion. In addition to this, the company is diversifying its geographical presence by entering the Sibiu market, focusing on sustainable, energy-efficient, and heritage-conscious urban regeneration projects.
