One United Properties to begin development on former Rocar bus factory site

Real estate developer One United Properties plans to launch construction soon on its new project on the site of the former Rocar bus factory in Bucharest’s Sector 5. Last month, the company acquired the 21-hectare industrial platform from Austrian investor Immofinanz, part of the CPI Property Group.

The developer intends to build a residential complex comprising approximately 3,000 housing units. The first phase is scheduled for completion in 2028.

“We believe this will be an attractive project for the market, offering starting prices of EUR 1,500 per square meter at launch—lower than many older apartments currently available in Bucharest and even cheaper than units in nearby communist-era buildings,” said Victor Căpitanu, co-founder of One United Properties.

In addition to housing, the project will include recreational and sports facilities, commercial spaces, a park, and other amenities.

Source: Profit.ro