Romanian developer One United Properties says it will reconvert one of the office buildings in One North Gate into residential units under the One North Lofts brand.
The new development with six floors will host 137 residential units, varying from studios to one-, two-, and three-bedroom apartments, with surfaces of up to 170 sqm per unit.
One North Lofts is estimated to be completed in September 2023. The sales for this development have already been launched.
The reconverted building spans around 20,000 sqm and has a gross development value of around €30 million.
Shares in One United Properties were flat at 1.24 lei on Tuesday morning trading on the Bucharest Stock Exchange (BVB).
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