Tuesday, 30 June 2026
Colliers Romania has prepared the valuation report supporting an €80.5 million financing secured by One United Properties from UniCredit Bank, one of the larger recent lending transactions in Romania’s residential sector.
The financing facility can be increased to as much as €140 million and will support the completion of the One High District and One Lake Club residential developments in Bucharest, while also funding the first stage of the company’s share buyback programme approved by shareholders in October 2025.
The financing involves One United Properties and its subsidiaries One High District and One Lake Club. UniCredit Bank is acting as mandated lead arranger, facility agent, security agent and account bank.
According to information submitted to the Bucharest Stock Exchange, part of the proceeds will be used to refinance intra-group loans linked to the share buyback programme, with the remaining funds allocated to the construction costs of the two residential projects.
Gabriel Blăniță, Director of Valuation & Advisory Services at Colliers Romania, said transactions of this scale illustrate the increasing importance of financing capacity, project quality, execution and liquidity in Romania’s residential development market. He added that valuation for financing purposes now requires detailed analysis of pricing, sales performance, construction costs, permitting, project phasing and market risks.
As of 31 March 2026, One United Properties had 4,154 residential units and approximately 45,500 sqm of commercial and office space under construction, representing a gross development value exceeding €1.6 billion. The company reported a loan-to-value ratio of 34% and net debt of RON 1.1 billion, equivalent to 17% of total assets of RON 6.5 billion.
Andra Hanu, Head of Financing at One United Properties, said the financing will support the completion and delivery of the two developments while allowing the company to maintain a diversified long-term funding strategy.
Colliers noted that Romania’s residential market continues to face constrained new housing supply due to permitting delays and higher development costs, while buyers have become more cautious amid inflation, reduced purchasing power and recent fiscal measures. As a result, banks are placing greater emphasis on project liquidity, sales performance, remaining construction costs and execution risks when assessing financing applications.
According to the consultancy, projects with strong sales momentum, sound financial structures and efficient execution are increasingly well positioned to secure both financing and buyer demand in the current market.
