The decision is not final and is subject to second appeal.
„The Company is not aware of any validity issues concerning the building permit for the One Lake District development and intends to vigorously defend itself against any such claims,” reads One United Properties statement.
The developer says construction works at all of the Company’s construction sites located in District 2, including One Lake District, are currently proceeding without interruption, in accordance with their respective schedules.
The housing compound has an 8-hectare area and will include 8 blocks of over 1,950 apartments, a private school, a kindergarten, sports areas, private parking and shopping spaces.
One United Properties has a RON3.9 billion capitalization. Its shares have added 5.8% since the start of 2024 amid deals worth RON155 million.
(English version by Catalina Apostoiu)