One United Properties acquires 21 ha land for the new One City District community

One United Properties has signed with CPI Romania the acquisition of a 21-hectare plot in Bucharest’s Sector 5 for the development of the residential area and the creation of the new One City District community. The acquisition price amounts to EUR 21 million.

“This acquisition is a transformative step for One United Properties, enabling us to bring our expertise in quality and sustainability to a broader audience. One City District reflects our belief in the potential of affordable premium housing segment, which meets the evolving needs of Bucharest residents. It is a unique opportunity for us to create a new vibrant community while delivering on our promise of sustainable urban regeneration, on one of the largest undeveloped land plots in central Bucharest,” said Victor Căpitanu, co-CEO of One United Properties.

"This transaction confirms the successful completion of another step in the CPI Romania portfolio optimization strategy. For an experienced developer like One United Properties, the traded plot has great potential, both in terms of its size and location. I am convinced that the project that ONE will develop will contribute substantially to the modernization of Bucharest," said Fulga Dinu, Country Manager CPI Romania.

The acquisition marks One United Properties’ strategic entry into the affordable premium housing market. One City District will feature approximately 3,000 residential units, master-planned as a self-sustainable neighbourhood. Designed for the upper tier of Bucharest’s residential mass market, the project will seamlessly blend affordability and quality, offering high-quality living conditions and a distinctive choice within the city's housing landscape. The land purchase was partially funded from the Eur 68-million capital raised during the 2024 share capital increase, which demonstrated the company’s ability to mobilize resources effectively for large-scale developments.