Romania's One United Properties to invest 154 mln euro in new residential complex

The company obtained the building permit and aims to deliver the complex at the end of 2025, it said in a press release.

One High District will comprise 786 apartments spread over three tower buildings. It will also include 1,134 parking spaces and 28 commercial spaces.

The complex will have a gross building area comprising 92,000 sq m aboveground and 16,000 sq m underground. It will be built on a land plot of approximately 25,000 sq m, of which 30% will make up green areas.

The project will have geothermal heat pumps for the generation of electricity.

"The sales for this mixed-use development have already been launched, and the options to access the units are flexible, from full payment in advance, to five equal instalments or a 30% advance and 70% upon delivery." said CEO of the Residential Division at One United Properties, Beatrice Dumitrascu.

One United Properties is a green investor and developer of residential, mixed-use and commercial real estate projects in Bucharest.

The company is listed on the main market of the Bucharest Stock Exchange and currently has a market capitalization of 3.42 billion lei ($702.6 million/700.9 million euro).

Its shares traded flat at 1.23 lei by 0930 CET on Thursday, bourse data showed.

(1 euro=4.8793 lei)