Romanian developer One United Properties has obtained the building permit for One Lake District, a large-scale sustainable residential development with 2,076 apartments in Bucharest. The project has a gross development value of around €337.7 million.
Aside from nine residential towers, the development also includes a four-level building dedicated exclusively to parking and another 3-level building for educational and administrative services. The project also includes 2,614 parking spaces.
”The compound is part of our company line of developments that also target the middle and upper-middle segment, and sales prices start at approximately €85,000. The location we have chosen is, as with all our developments, the best the area has to offer, with quick access to all the necessary services. The location offers so many advantages and it surely represents the new important pole of the northern area of Bucharest,” said Beatrice Dumitrașcu, CEO Residential Division One United Properties.
One Lake District will have a gross building area of over 250,000 sqm and will be built in three development phases, estimated to be delivered by the end of 2026.
The developer’s shares were down 0.57% to 0.87 lei on Thursday morning trading on the Bucharest Stock Exchange (BVB).
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