One United Properties Expands Horizons: Introduction to One City District
Real Estate Firm Secures 21-Hectare Land Purchase for Upcoming One City District Community Development
Get ready for a fresh wave in Bucharest's real estate scene, as One United Properties (BVB: ONE) - the leading green developer in Romania – has locked down a 21-hectare plot in Sector 5 for the development of the revolutionary One City District community. The acquisition cost? A cool 21 million euros!
"This acquisition is a game-changer for One United Properties, letting us showcase our green expertise to a broader audience," said Victor Căpitanu, co-CEO of One United Properties, echoing the company's mission. One City District symbolizes their faith in premium, affordable housing, catering to the evolving demands of Bucharest residents while breathing life into a new, lively community.
According to Fulga Dinu, Country Manager of CPI Romania, this transaction is a significant step forward in their portfolio optimization strategy. "One United Properties is an experienced developer, and the potential of this land plot in terms of size and location is enormous. I'm confident that the project they'll develop will make a significant contribution to Bucharest's modernization," Dinu added.
So, what exactly can we expect from One City District? Picture this: around 3,000 residential units master-planned to form a self-sustainable neighborhood. Designed for the upper tier of Bucharest's residential mass market, the project promises to merge affordability with quality, providing outstanding living conditions and an unparalleled choice among Bucharest's housing options.
The land purchase was largely funded by the 68-million-euro capital raised during the 2024 share capital increase, demonstrating the company's knack for resource mobilization necessary for large-scale developments.
"Beyond constructing exceptional homes, this development is about redefining urban living standards," stated Andrei Diaconescu, One United Properties' other co-CEO. "One City District will breathe new life into a neglected area, turning it into a thriving community, embodying our vision of creating life-altering developments for Bucharest's residents."
Nestled just a 10-minute drive from Unirii Square, accessibility for One City District will be a breeze thanks to numerous travel options, including car, public transport, and well-placed pedestrian routes. The development will boast essential amenities like parks, green spaces, educational institutions, fitness centers, markets, retail outlets, food operators, walking paths, and cycling tracks designed to enhance the overall living experience.
Targeting Bucharest's emerging middle class, this development caters to dual-income families seeking convenience, accessible amenities, and thoughtfully designed homes. Beyond One City District, One United Properties is engaging in negotiations for multiple land plots to further expand its reach in the premium affordable market segment.
The move towards affordable premium housing comes at a time of increasing demand for properties that offer the perfect blend of quality and cost-effectiveness. One City District aims to fill this gap in the market while helping One United Properties continue its trend of transforming Bucharest into innovative, sustainable communities.
Stay tuned as One United Properties redefines Bucharest's skyline with One City District!
*This is a Press release.
Enrichment Data:
- One City District: A self-sustainable neighborhood by One United Properties in Bucharest's Sector 5 consisting of approximately 3,000 residential units specifically designed for Bucharest's upper mass market and emerging middle class.
- Key Features: Strategic location close to Unirii Square, comprehensive amenities including parks, educational facilities, fitness centers, markets, retail outlets, pedestrian routes, and cycling paths, innovative and sustainable design, premium yet affordable housing targeting dual-income families, and an embodiment of One United Properties' mission to modernize Bucharest.
- Financial and Strategic Details: Acquired for EUR 21 million from CPI Romania, partially funded by the EUR 68 million raised during the 2024 share capital increase, demonstrating an ability to mobilize resources for large-scale developments. One United Properties is now venturing into the affordable premium housing segment.
- The 21-hectare plot acquired in Sector 5, Bucharest, will serve as the location for One City District, a revolutionary community development by One United Properties, estimated to cost around 3,000 premium and affordable residential units.
- Following the acquisition of the significant land plot, One United Properties plans to increase its presence in the affordable premium housing market by exploring various plots for further expansion, targeting Bucharest's emerging middle class.
- One City District will witness a significant enhancement in the Bucharest weather scene, as the development will feature an array of amenities like parks, green spaces, educational institutions, fitness centers, markets, retail outlets, walking paths, cycling tracks, and more, to improve overall living conditions for residents.
