One United Properties receives building permit for new residential project in Bucharest

One United Properties announces the obtaining of the building permit for One Lake District, a residential development located on a plot of land of approximately 8 hectares on the shores of Plumbuita Lake. One Lake District is the company’s largest development to date, and it will host a total of 2.076 apartments. The development will be delivered in three development stages, all expected to be finalized before the end of 2026. The sales at One Lake District will kick off in Q1 2023.

With a Gross Development Value (GDV) of EUR 337.7 million, One Lake District development will include nine residential towers of 11 floors, with the last floor hosting duplex apartments. The residential developments will be complemented by spaces dedicated to the One Lake District community, as follows: an additional tower of three floors will host a pre-school as well as administrative spaces while another tower of four floors will serve as a parking. The development will host a total of 2.614 parking spots for its residents. The development has a Gross Buildable Area (GBA) of approximately 251K sqm and a total saleable area of approximately 211K sqm.

At One Lake District, the clients have access to various residential units: studios, double studios, one-, two-, three-bedroom apartments, as well as an exclusive collection of three-bedroom duplexes. The prices will start at EUR 85.000 per unit, and purchase options for the apartments include five equal instalments of 20 percent paid over the construction period, two instalments of 30 percent upon signing of the contract and 70 percent on delivery or an option of 100 percent pre-payment.