News Article Banca Transilvania Bucharest loan One Cotroceni Park One United Properties residential Romania
by Property Forum | Residential

Romanian developer One United Properties has obtained a loan of €20 million from Banca Transilvania for the for the completion of the One Cotroceni Park residential development in Bucharest. 

The project will be completed this year, with over 90% of apartments already pre-contracted. The 868 apartments will be integrated in the mixed-use scheme One Cotroceni Park that also includes office and commercial components. 

The residential units at One Cotroceni Park have already received the Green Homes precertification from the Romania Green Building Council. 

The second phase of One Cotroceni City will include One Cotroceni Towers development for which the company made a large land purchase earlier this year.