A EUR 50 million loan was approved for One United Tower S.A. to finance the development costs of “One Tower”, a green office building which is part of the newly developed “One Floreasca City” mixed-use complex located on a formerly abandoned industrial site in the Romanian capital. The “One Tower” building is part of a larger urban rejuvenation project involving also a residential component and aiming to get WELL global certification for people health and well-being. It has already received LEED Platinum-4 green certification, the world’s strictest environmental standard for buildings.

The project represents a major investment in the Romanian construction sector amidst the pandemic and will enhance the offer of quality business infrastructure in Bucharest. The loan supports the efforts of One United Properties group to accelerate the adoption of innovative construction practices for energy-efficient, sustainable, and healthy buildings. The group has been repeatedly awarded for the sustainability of their projects, something the Bank seeks to support and promote as a development institution.