The project is located on the shore of Lacul Tei (Tei Lake) in Bucharest, with an estimated completion date of 2025. In July, One United announced the start of sales for phase 2 of One Lake Club. Once the building permit secured for phase 1, customers can sign contracts for available units in that development, the company writes in a report filed with the stock exchange.
“Phases 1 and 2 will accommodate two buildings of One Lake Club with 119 residential units (1-, 2-, 3-, 4-bedroom apartments, as well as penthouses), ground floor gardens with direct access to the park, as well as 136 parking spots, with a gross buildable area (GBA) of 13,750 square meters. One Lake Club Phase 2 is part of the One Lake Club development, with a total GDV (gross development value i.e.) of EUR214.9 million,” the document states.
Designed as a residential club, One Lake Club includes facilities such as a gym, spa and semi-Olympic swimming pool overlooking the lake, ground-floor retail space and a 7,200 square meter park with playgrounds and relaxation areas.
The real estate company posted net profit of almost RON350 million the first half of 2022, more than double that of the year-ago period, and revenue of RON676 million, up 56%. Nine-month results will be published on November 11.
(English version by Loredana Fratila-Cristescu)