One United Properties acquires land for the new One City District community project in 21 million euros deal

One United Properties has signed with CPI Romania the acquisition of a 21-hectare plot in Bucharest’s Sector 5 for the development of the residential area and the creation of the new One City District community. The acquisition price amounts to 21 million euros.

“This acquisition is a transformative step for One United Properties, enabling us to bring our expertise in quality and sustainability to a broader audience. One City District reflects our belief in the potential of affordable premium housing segment, which meets the evolving needs of Bucharest residents. It is a unique opportunity for us to create a new vibrant community while delivering on our promise of sustainable urban regeneration, on one of the largest undeveloped land plots in central Bucharest,” said Victor Căpitanu, co-CEO of One United Properties.

“This transaction confirms the successful completion of another step in the CPI Romania portfolio optimization strategy. For an experienced developer like One United Properties, the traded plot has great potential, both in terms of its size and location. I am convinced that the project that ONE will develop will contribute substantially to the modernization of Bucharest,” said Fulga Dinu, Country Manager CPI Romania.

One City District will feature approximately 3,000 residential units, master planned as a self-sustainable neighbourhood, designed for the upper tier of Bucharest’s residential mass market.

Apart from the land acquired for One City District, One United Properties is in negotiations for several land plots to enable the development of multiple communities targeting the same premium affordable market segment.