One United Properties has finalised the acquisition of a 21-hectare plot of land in Bucharest’s District 5 from CPI Romania for €21 million.
The company will construct the One City District complex on this land, a project planned to include approximately 3,000 residential units.
“One City District highlights our confidence in the potential of the accessible premium housing segment, which meets the evolving needs of Bucharest residents,” added Victor Căpitanu, Co-CEO of One United Properties.
“This transaction confirms the successful completion of another step in CPI România's portfolio optimisation strategy,” added Fulga Dinu, Country Manager of CPI Romania.
One United Properties says the development aims to meet the increasing demand for properties that combine quality with accessibility, addressing the needs of Bucharest's growing middle class.
The acquisition was partly financed by the €68 million raised in the company's 2024 capital increase.
The developer also mentioned it has ongoing negotiations for a series of land plots to enable the development of multiple communities targeting the same accessible premium segment.
