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Telekom Romania sells 18 million Euro land in Floreasca area to One United Properties

Telekom Romania announces the sale of a land located in Floreasca area in Bucharest to One United Properties.

2018-08-22 14:52:52

The transaction was concluded for a price of over 18 million Euro, thus becoming the major land transaction on the real estate market in Bucharest this year.

The urban land with an area of 25,839 sqm consists of two lots, of 24,786 sqm and 1,053 sqm respectively, and it has an opening of about 120 meters at Lake Floreasca.

One United Properties was represented in the transaction by Alexander Boff, an experienced broker with over 12 years in the high-end residential segment.

The land was put up for sale earlier this year and announced on the Telekom Romania website dedicated to the real estate properties available for sale and rent. The auction was launched in February 2018, with a starting price of 13.9 million Euro excluding VAT.



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