One United Properties (BVB: ONE), a leading sustainable real estate developer in Romania, has acquired a 1.4-hectare plot on Radu Tudoran Street near Lake Tei to build a new mixed-use development – One Academy Club. The transaction is valued at €11.4 million and is structured through a compensation mechanism involving apartments and commercial spaces within the company’s portfolio.
The project will feature approximately 150 apartments, 6 commercial units, and 254 parking spaces, located near other company developments, One High District and One Lake Club. It will also include a school and kindergarten, with a gym, cafeteria, library, after-school program, and outdoor sports field, offering residents a complete and functional community.
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€50 Million Investment, Completion Expected in 2027
“Lake Tei and its surroundings are among the most dynamic areas on Bucharest’s urban development map, and we are excited to actively shape the future of this neighborhood. Our new development, One Academy Club, will provide modern housing for the medium-high segment, as well as an essential quality-of-life component – a school and a kindergarten. We believe urban responsibility means more than building structures; it means creating sustainable and complete communities where people can build harmonious lives. This development will complement our portfolio in a highly sought-after area of Bucharest, with excellent prospects,” said Victor Căpitanu, co-founder and co-CEO of One United Properties.
The gross development value (GDV) for One Academy Club is estimated at €50 million. Construction and pre-sales will begin after obtaining the building permit, with completion scheduled for Q4 2027.
One United Properties (BVB: ONE) is one of Romania’s leading developers of residential, office, and mixed-use sustainable projects. The company is recognized for energy-efficient buildings and its commitment to sustainable urban development. Notable projects include One Floreasca City, One Herăstrău Towers, One Cotroceni Park, and One Lake Club.
Listed on the Bucharest Stock Exchange, the company is included in major indices such as BET, STOXX, FTSE, MSCI, ROTX, and CEEplus, and is internationally recognized for its sustainability standards and construction innovation.
Sursa foto: One United Properties
