One United Properties acquires 10,710 sqm land for new residential project in Bucharest

One United Properties announces the acquisition of a 10,710 sqm land located near Floreasca district and Lake Tei in Bucharest. On the new land set near One Verdi Park and Barbu Vacarescu Boulevard, the company will build a new low-rise residential development, which will be called One City Club.

“This transaction expands our portfolio of land for residential development and is in line with One United Properties strategy focused on investing in premium, sustainable real estate opportunities located in very good areas of Bucharest, which will significantly contribute both to the city’s development, and to the company’s revenue and profit. Our purpose is to build and manage a well-balanced real estate portfolio that is efficiently integrated into the urban life, while fitting in with all the needs of new generations”, said Victor Capitanu, co-CEO One United Properties.

The new residential development will have approximately 200 apartments organized in low-rise compounds, on a total area of about 37,000 sqm, of which 27,000 sqm above ground and 10,000 sqm underground. One City Club will also integrate a commercial area with facilities and services for the community, such as gym and swimming pool, green and recreational areas, golf room, various services. The great location of One City Club will offer quick access to the northern part of the city, including points of interest such as Floreasca Park, One Gallery shopping hall within One Floreasca City (the former Ford Hall) and quick access both to the city centre and to the A3 Bucharest-Ploiești highway.