News Article development Mamaia One United Properties residential Romania
by Property Forum | Residential

The Neo Mamaia residential complex developed by One United Properties at the seaside will benefit from an extension that will allow the construction of new boutique apartments. The real estate developer has announced the acquisition of five plots of land in the immediate proximity of the first Neo Mamaia compound, thus extending the complex frontal opening to the sea up to over 250 meters.

On the newly acquired lands, the developer will be able to increase the offer of Neo Mamaia boutique apartments in low rise buildings with over 200 residential units. The complex is the first residential development in Mamaia that has fully underground parking. At the same time, the beach in this area of Mamaia resort was widened by another 40 meters, intended for tourists, within the extensive project to stop coastal erosion implemented with European funds.

The developer has currently completed the first phase of Neo Mamaia on an area of 2,348 square meters (the construction began in the fall of 2018) and it is already over 90% pre-contracted. The building offers 50 apartments divided into two stairs and generous underground parking. Most of the façade is ventilated, but the sea-facing façade is a glass curtain wall specially designed to attenuate noise and radiation. The apartments have front or side sea views and a clear height in rooms of about 3 meters, premium finishes, natural stone and glass closures on terraces, security, and permanent video surveillance.

Neo is a division of One United Properties launched in the second half of 2018 and dedicated to boutique residential projects. In addition to Neo Mamaia, Neo portfolio currently includes Neo Timpuri Noi, estimated for delivery in Q2 2021, Neo Floreasca Lake, estimated for completion in 2022, and Neo Herăstrău Park, whose construction works will begin next year.

Neo Properties Development shareholding is divided between Octavian Avramoiu who also coordinates the daily activity of the company (15%) and One United Properties (85%).