News Article Bucharest Bucharest Stock Exchange BVB One United Properties Romania Victor Căpitanu
by Property Forum | Investment

Romanian developer One United Properties has purchased a land plot of 36,869 sqm in northern Bucharest in a deal worth around €60 million. The company plans to develop a new residential complex with around 900 apartments.

The planned One Herăstrău City project will also include commercial areas, a SPA with gym and a swimming pool.

“We are currently carrying out a share capital increase operation, which aims to raise equity to invest with priority in new developments, and One Herăstrău City is one of the ten developments that our company will finance with the newly raised capital,” said Victor Căpitanu, co-CEO of One United Properties.

Shares in One United Properties were down 0.94% to 1.26 lei on Tuesday closing session on the Bucharest Stock Exchange (BVB).