The acquisition will allow for the development of two additional buildings with around 199 apartments, own gardens and direct access to the park.
“The decision to acquire an additional land area comes amid the high demand for apartments in the project,” reads the developer’s statement.
One United Properties last summer bought a land plot of around 21,160 square meters on the banks of Lake Tei from a company part of Tiriac group for develop the housing project. The deal was worth EUR15 million.
One Lake Club is now pending licensing. The compound will include 5 towers with around 544 apartments on a 22,000-sqm area. It will also have a fitness hall and a pool, commercial spaces, playgrounds and relaxation spaces on a 7,200-sqm area.
“We’re seeking to invest in sustainable developments in area of Bucharest with multiple opportunities and One Lake Club development is part of this direction,” stated Beatrice Dumitrascu, CEO Residential Division One United Properties.
One United Properties portfolio includes projects One Mircea Eliade, One Mamaia Nord, One Herastrau Towers, One Timpuri Noi, One Floreasca Vista, One Verdi Park, One Modrogan, One Peninsula, One Cotroceni Park, delivered or underway.
(English version by Catalina Apostoiu)