Romanian developer One United Properties has secured the building permit for One High District, a large-scale premium development with 786 apartments. The gross development value of the project is €154.2 million and delivery is estimated for the end of 2025.
The development will be based in Floreasca-Barbu Văcărescu area, on a plot of approximately 25,000 sqm, of which more than 30% are green areas.
“One High District is one of the first developments in Romania that will benefit from geothermal heat pumps, offering its inhabitants an innovative and predictable energy source,” said Beatrice Dumitrașcu, CEO Residential Division One United Properties.
The project will provide easy access to Floreasca area, One Gallery commercial centre, malls, as well as to other points of interest in the city.
Shares in One United Properties were flat at 1.23 lei on Thursday morning trading on the Bucharest Stock Exchange.
