One United Properties S.A., the leading real estate developer of high-end residential compounds in Bucharest, Romania, announces a new division, NEO. The new business division focuses on residential projects smaller than One United complexes – 4-6 floor buildings or 2.000-3.000 square meters areas – but at the same top standards.

Neo, the new residential division, will be operated by Octavian Avramaoiu. Neo will develop residential compounds in Bucharest, as well as at the Romanian seaside.

Octavian Avramoiu, Managing Director NEO:

„We established the company in August 2017 and have already purchased our first three locations: NEO Floreasca Lake, very close to One Herăstrău Park, where we plan to develop about 50 apartments, NEO Timpuri Noi, due to include about 90 apartments and NEO Mamaia, on the northern beach of Mamaia, a project that will include about 40 apartments.

Besides these three locations, our strategy also includes other three premium areas that we intend either to buy, or to trade off in exchange of apartments in our complexes.”

NEO division is part of One United Properties' long term business strategy and represents a residential project that will align with the company’s exclusivist high-end standards. This new division will target a roughly unexploited market and will develop small but exclusivist residential projects.

Octavian Avramoiu graduated Law Faculty in Bucharest, has a master's degree in commercial conflict prevention and is currently a doctoral student in criminal law at the University of Bucharest – Law Faculty. As a professional he worked as a lawyer and liquidator, he was a partner for Borza și Asociații and Managing Partner for Euroinsol Consulting. After a three year public career in the Ministry of Finance and a short stay in CEC Bank Board he moved to the local capital market as a member in CA SIF Banat Crișana S.A. From July 2015 to April 2017 he was Vice-President and Deputy Director-General for SIF Banat-Crișana.

One United Properties is an innovative corporate group, dedicated to accelerating the adoption of building practices that result in energy-efficient, healthier and environmentally sustainable residential buildings. One United Properties has several residential complexes already launched (188 apartments), while other projects are on-going (340 apartments) or due to future accomplishment (more than 500 apartments). One United Properties is an innovative brand that focuses on eco-friendly construction methods, efficient and sustainable residential complexes. One of its projects, One Herăstrău Park, is the first residential complex in Bucharest with a "Green Homes" certification, Excellence level, issued by Romanian Green Building Council. One United Properties is also the winner of the Best Residential Development & Developer of the Year Award at CIJ Awards Romania 2017. The company was awarded a Green Award from Forbes magazine in 2017.