One United Properties, a developer in Romania, has announced the commencement of the One Technology District construction project.
This development is set to host the largest semiconductor research and development centre in Southeast Europe, operated by Infineon Technologies.
With the building permit secured, One Technology District represents the first turn-key development in the local office market since the pandemic.
It has secured a 15-year lease agreement, with Infineon set to occupy the facility starting in 2026.
The total value of the contract is €57m ($62.22m), excluding VAT.
One United Properties Office Division CEO Mihai Păduroiu 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.
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By GlobalData“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.”
The project includes the construction and leasing of office spaces with a gross lettable area of 20,595m², which encompasses terraces, 3,000m² of laboratories, and 280 parking spaces.
The development will feature a geoexchange system designed to meet all of Infineon’s heating and cooling requirements.
This system is expected to minimise the building’s carbon footprint and eliminate conventional cooling systems, freeing up space for additional recreational areas for Infineon’s workforce.
Furthermore, the building will be fitted with rooftop solar panels and heat recovery units.
Situated in the Dimitrie Pompeiu area of Bucharest, the One Technology District building will integrate technologies and materials, including special structural features.
Additionally, it will aim for Leadership in Energy and Environmental Design Platinum certification.
The expected completion and delivery of the project are set for the second quarter (Q2) of 2026.
