Real estate developer One United Properties says that it secured the construction permit for 850 apartments that will be part of mixed-used project One Cotroceni Park. The project is developed on 5.8 hectares of land, on the former Ventilatorul industrial platform in Bucharest.
Later this year, the developer will deliver the first phase of 43,000 sqm of office space, while the second phase will be finished together with the residential component. More than 70% of the first office phase has been pre-leased, according to the developer.
One Cotroceni Park will feature commercial spaces and leisure facilities. It will have a direct link to the subway station located nearby.
One United Properties is a developer of high-end residential, office and mixed-use projects in Romania. Its portfolio has a gross development value of more than €1.1 billion and an active project pipeline comprising over 2,000 design residential units.
