An urban planning certificate for construction has already been issued for the plot of land, which enables the development of a real estate project with a built area (superstructure) of approximately 95,000 sqm, the company said in a statement.
A part of the amount will be paid upon obtaining the building permit and signing the final exchange contract and the rest of the amount will be settled by One United Properties through ownership transfer over a number of apartments and parking spaces, upon completion of the project to be developed on the respective land plot.
On the newly acquired land plot, One United Properties seeks to develop a new residential project called One High District, which will consist both of residential units and retail spaces, as well as numerous facilities such as gym, swimming pool, restaurants, market, coffee shops and green spaces for leisure.
In June 2021, One United Properties announced that it had bought a 21,160 sqm plot of land in the proximity of Lake Tei in Bucharest for EUR15 million, per a stock market report.
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.
One United is held by Victor Capitanu and Andrei Diaconescu, and Daniel Dines, the founer of UiPath, has recent bought 5% of the share capital through an investment company.