The plot of land has an urban planning certificate, the company said.
One United bought the property from a company part of Tiriac Group and plans to develop One Lake Club, a residential club with apartments with contemporary design and integrated facilities.
The planned project would have a direct view over Lake Tei and quick access to facilities in the northern area of Bucharest and the A3 highway.
One United is running an initial public offering in the period June 22 – July 2, seeking to raise up to RON276 million for a 10% stake.
The developer will issue 130 million shares with a price range between RON1.93 and RON2.12 per share. The IPO is 60% addressed to institutional investors and 40% to retail investors. The final price will be set following the bookbuilding process.