The land purchase was partially funded from the 68-million-euro capital raised during the 2024 share capital increase.
The contract was signed by One Proiect 18 SRL subsidiary and Prelude 2000 SRL, owner of the land plot.
The price will be paid in four equal installments. Upon the payment of the fourth and final installment, full ownership of the shares will be transferred to One Proiect 18 S.R.L., on 30.06.2025.
“This acquisition is a transformative step for One United Properties, enabling us to bring our expertise in quality and sustainability to a broader audience. One City District reflects our belief in the potential of affordable premium housing segment, which meets the evolving needs of Bucharest residents. It is a unique opportunity for us to create a new vibrant community while delivering on our promise of sustainable urban regeneration, on one of the largest undeveloped land plots in central Bucharest,” said Victor Căpitanu, co-CEO of One United Properties.
The company announced it targets RON1.55 billion consolidated turnover in 2025 and 6% higher net profit, at RON393.5 million.
“This transaction confirms the successful completion of another step in the CPI Romania portfolio optimization strategy. For an experienced developer like One United Properties, the traded plot has great potential, both in terms of its size and location. I am convinced that the project that ONE will develop will contribute substantially to the modernization of Bucharest,” said Fulga Dinu, Country Manager CPI Romania.
One City District will feature approximately 3,000 residential units, master-planned as a self-sustainable neighborhood, being located within a 10-minute drive from Unirii Square and benefiting from several access points both by car and pedestrian, as well as proximity to public transport.
The development will also include a park and other green spaces, educational facilities, a fitness center with pool, markets, retail facilities with food operators, as well as walking and cycling paths.
“Beyond delivering exceptional homes, this development is about raising the standard for urban living. One City District will bring a truly neglected area back to life, transforming it into a thriving community. It will embody our vision of creating impactful developments that redefine what housing can mean for Bucharest’s residents,” stated Andrei Diaconescu, co-CEO of One United Properties.
Besides the land plot acquired for One City District, One United Properties is in talks for a series of land plots for housing projects on the same market segment, affordable premium.
(English version by Catalina Apostoiu)