One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a preliminary sale and purchase agreement for a 34,800 sqm plot of land in the most desirable residential area of Constanța, on the Black Sea coast. The land that the company is set to acquire from the Alezzi Group, a well-known local real estate developer, is located in the Faleză Nord-Pescărie area, one of the most highly rated districts in the city, with easy access to both the beach and the main points of urban interest.
”Constanța is an important regional growth hub for Romania, a city that, thanks to its international port and tourism-oriented economy, has significant long-term urban development potential. The signing of this preliminary agreement for the purchase of land in a highly attractive area of the city supports our strategic focus on expanding our presence beyond Bucharest. We are carefully and selectively pursuing opportunities in cities with solid foundations and real demand for a standard of living and business similar to what we have already built in the country's capital. Constanța and Sibiu are therefore the first two markets targeted under this expansion strategy, and our goal is to bring the ONE standard to more regional communities through developments that create long-term value for residents, investors, and the city”,
said Victor Căpitanu, co-founder and co-CEO of One United Properties.
The land benefits from access to Mamaia Boulevard and is located in the northern part of the city, right next to the entrance to Mamaia resort. The building permit already issued for this land allows for the construction of seven tower blocks, six of which will be residential and one a 5-star hotel, a commercial and leisure area, a school and kindergarten, a restaurant area, a gym/spa, a promenade, as well as the necessary parking spaces for the complex. On this land, One United Properties intends to build a residential development with integrated commercial functions, in line with the sustainable concepts that the company already delivers in Bucharest: energy-efficient buildings, common areas, services on the ground floor of the buildings, and special attention to the quality of the urban experience. The gross development value is estimated at approximately EUR 500 million. The land already has a building permit, so work will begin in about a year, and completion is estimated in about three years from the start of construction.
One United Properties also owns the One Mamaia Nord development in Mamaia, Constanța County, a landmark in the premium segment of the Romanian coastline, which currently has two completed phases and a third phase under construction. The development also benefits from additional land for expansion with three further phases. The complex offers a boutique real estate concept that has redefined the lifestyle on the Black Sea coast, in the most coveted area of the resort. One Mamaia Nord currently consists of two completed residential buildings with direct access to the beach, restaurants, and terraces, as well as underground parking.
”For us, Constanța is a city with great development potential, a city with universities, hospitals, a port, tourism, and a demographic pool that justifies long-term investments. The targeted land is located in an already consolidated area of the city, Faleză Nord-Pescărie, close to the sea and the beach, to established residential areas, to the main road arteries, but also to the Mamaia resort. We believe that here we can build a sustainable, mixed-use development that will bring a new standard of living, as well as services and spaces that will benefit the entire community in the area. Our goal is to develop one of the most desirable residential communities through a significant investment that will certainly contribute to increasing the attractiveness of Constanța, both as a residential and tourist destination”,
said Andrei Diaconescu, co-founder and co-CEO of One United Properties.
This year, One United Properties also announced the signing of a preliminary sale and purchase agreement for a plot of land located in a prime central area of Sibiu, marking the company's strategic entry into one of the most dynamic regional cities in the country. The acquired land, located on the former FLARO industrial platform, offers significant potential for the urban regeneration of the city. In addition to developing a new mixed-use community that will integrate residential, commercial, and service components, One United Properties will restore and preserve four existing historic buildings on this land. These heritage buildings, which reflect the industrial and architectural history of Sibiu, will be restored and integrated into the future development.
