News Article Bucharest One United Properties residential Romania Victor Căpitanu
by Property Forum | Investment

Romanian developer One United Properties has purchased a 10,710 sqm land plot near Floreasca where it plans to start a new residential investment.

The new project One City Club will feature 200 apartments as well as commercial spaces and facilities for residents including a gym and golf room.

"This transaction expands our portfolio of land for residential development and is in line with One United Properties strategy focused on investing in premium, sustainable real estate opportunities located in very good areas of Bucharest, which will significantly contribute both to the city’s development, and to the company's revenue and profit,” said Victor Căpitanu, co-CEO One United Properties.

The developer is currently looking to raise 470 million lei (€95 million) through a share capital increase. The company says it is currently negotiation 10 new residential developments with a combined volume of around 10,000 medium and medium-high apartments.