The deal is put at about EUR2.6 million, taking into account an average price per square meter of EUR500 for the 5,357 square meter plot. Andrei Diaconescu and Victor Capitanu are among the lowest-profile investors on the local real estate market.
This is the third major acquisition of One Untied this year, after it bought a plot of land at the intersection of Barbu Vacarescu and Gheorghe Titeica from Forte Partners and the Automatica site on Calea Floreasca together with Immochan, a division of the Auchan group. The three plots are an eyesore for the area at the moment, considering the Automatica facility is in a state of disrepair despite being in one of the most expensive areas in Bucharest and its landmark status.
(English version by Loredana Fratila-Cristescu)