One United Properties (ONE) signed a promissory sale and purchase agreement for land located in a prime central area of Sibiu, marking the entry into one of Romania’s most dynamic regional cities.
The acquired site, located on the former FLARO industrial platform, offers significant potential for urban regeneration. One United Properties will also restore and preserve four existing historical buildings on the site.
One of the buildings to be restored is the former Gratioza fountain-pen factory, founded in 1922. As one of Romania’s early producers of writing instruments, Gratioza played an important role in the interwar industrial development of Sibiu.
Later nationalized under communist rule and renamed Flamura Roșie, the factory became part of the FLARO industrial group – a key manufacturer of writing instruments throughout the 20th century.
By blending modern architecture with preserved historical structures, One United Properties will create a development with a unique atmosphere, similar in spirit to Bucharest’s One Floreasca City, which features soon-to-be-launched One Gallery, but on a smaller scale.
Articolul Reviving Sibiu’s soul: One United Properties transforms historic FLARO site a fost publicat prima dată în Money Buzz! • Știri Economice, Știri Financiare, Știri Business