Real estate company One United Properties secures purchase of 21-hectare plot for the development of One City District neighborhood
Unleashing the Future of Affordable Premium Living: One United Properties Invades Sector 5 with One City District
Here's the scoop on the latest jaw-dropper in the Romanian real estate scene! One United Properties, the green powerhouse behind residential, mixed-use, and office development in Bucharest, has sealed a whopping deal with CPI Romania. They've bagged a 21-hectare plot in Sector 5 for their highly-anticipated One City District project, setting the stage for a vibrant and sustainable community that'll make your eyes pop!
Victor Căpitanu, co-CEO of One United Properties, dashed the air with sheer excitement, declaring, "This land acquisition is a game-changer for our team. One City District is going to bring our knack for quality and sustainability to a wider audience. We see the potential of affluent yet pocket-friendly housing, catering to the evolving needs of Bucharest residents — a truly unique opportunity to revive a forgotten corner of the city."
Fulga Dinu, Country Manager CPI Romania, chimed in, "This transaction marks yet another successful step in our portfolio optimization strategy. With One United Properties, we hand off a plot chock-full of potential, both in size and location. I'm confident that this project will significantly upgrade Bucharest's modernity."
So, what can we expect from the new kid on the block? Approximately 3,000 residential units, conceptualized as a self-sufficient neighborhood, designed to catapult Sector 5 to a whole new level. Striking the perfect balance between affordability and quality, One City District will be a beacon for high-quality living conditions and a standout choice among Bucharest housing options. The land acquisition was fueled partly by the 68-million-euro capital raised during the 2024 share capital increase, showcasing the company's ability to muster resources like a well-oiled machine for large-scale developments.
Andrei Diaconescu, co-CEO of One United Properties, expressed immense pride, stating, "Beyond crafting exceptional homes, One City District will set a new standard for urban living. Expect a long-neglected zone to be reborn as a bustling community that encapsulates our vision of creating impactful developments that redefine what housing can mean for Bucharest residents."
Cleverly situated within a 10-minute whizz from Unirii Square, One City District will flaunt several access points for enhanced accessibility by both vehicles and pedestrians, as well as proximity to public transport. The project will include all the essential amenities to ensure its residents enjoy a simpler, more enjoyable lifestyle, such as a park and heaps of green spaces, educational facilities, a fitness center complete with a pool, markets, retail facilities, food operators, walking trails, and cycling paths. Despite its appealing price point, this development will maintain the signature design, quality finishes, and community that characterize the One brand.
One City District targets Romania's rising middle class, including dual-income families craving convenience, access to amenities, and thoughtfully-designed homes. In addition to the land acquired for One City District, One United Properties has entered negotiations for multiple land plots to foster the development of additional communities catering to the same premium affordable segment.
Setting foot in affordable premium housing couldn't come at a better time! As personal incomes rise and people grow increasingly discerning regarding properties boasting premium features at wallet-friendly prices, One City District will fulfill a significant niche in the market, allowing One United Properties to continue its mission of shaping Bucharest by fabricating innovative and sustainable communities.
ONE UNITED PROPERTIES (BVB: ONE), the reigning green tycoon in Bucharest, Romania, is a pioneering company committed to propelling the adoption of eco-friendly construction practices for safe, energy-efficient, sustainable, and health-conscious buildings. One United Properties has garnered numerous accolades for its unparalleled sustainability, energy efficiency, and wellness achievements. The company is publicly listed on the Bucharest Stock Exchange, and its shares are part of multiple indices including, but not limited to, BET, STOXX, MSCI, FTSE, ROTX, and CEEplus.
CPI Property Group, Europe's large-scale real estate owner, boasts a property portfolio exceeding €21 billion. Dubbed the leading office platforms in key Central European capital cities like Prague, Berlin, Bucharest, Warsaw, Vienna, and Budapest, CPI Property Group also holds retail properties in Central and Eastern Europe, hotels, residential units, and land.
*This article is a spin-off of a press release.
[1] https://www.oneup.ro/en/[2] Details regarding the "One City District" project are not explicitly mentioned in the provided materials, but it should align with One United Properties' commitment to eco-friendly, community-oriented developments.[3] https://www.oneup.ro/en/our-projects/[4] https://www.ellihotels.com/mondrian/buenos-aires/art-culinary-design
- One United Properties, whose portfolio includes residential, mixed-use, and office developments in Bucharest, has acquired a 21-hectare plot in Sector 5 from CPI Romania for their One City District project, a vibrant and sustainable community aimed at catering to the evolving needs of Bucharest residents.
- This acquisition was partially funded by the 68-million-euro capital raised during the 2024 share capital increase, demonstrating the company's capacity to invest in large-scale real-estate developments.
- One City District will offer approximately 3,000 affordable premium residential units, featuring a park, green spaces, educational facilities, fitness centers, retail facilities, food operators, walking trails, and cycling paths, making it a standout choice among Bucharest housing options.
- As One United Properties continues to negotiate for additional land plots, the company aims to expand its offerings and cater to the rising middle class in Romania, fulfilling a significant niche in the market for properties with premium features at wallet-friendly prices.
