The land has an area of 36,869 square meters and includes 19 old buildings to be demolished. On this plot – One Herastrau City – 900 apartments, a shopping and entertainment area, a gym and a semi-Olympic swimming pool will be built.
One Herastrau City will comprise around 900 apartments in seven towers, covering a gross buildable area (GBA) of up to 150,000 square meters above ground and 70,000 square meters underground. The development will be located in the immediate vicinity of the Herastrau Park in Bucharest.
“The transaction is part of One United Properties’ strategy to build a strong pipeline for future sustainable developments (…),” said Victor Capitanu, co-CEO of One United Properties.
(English version by Loredana Fratila-Cristescu)