One United Properties has bought a plot of land of 8.2 hectares from First Bank (formerly Piraeus Bank) on the shore of Plumbuita Lake in northeast Bucharest for the price of EUR 7.74 million, plus VAT.
The land, consisting of several lots, belonged to a former brick factory and has been in the portfolio of Piraeus Bank for several years.
One United intends to develop here a residential project called One Lake District, to include over 1,000 apartments dedicated to people with average and above-average incomes.
“One Lake District is an alternative for people who cannot afford to live on the edge of Lake Floreasca or Herastrau, but want to live on similar standards, with facilities, with superb views, lake, and cleaner air,”
said Victor Capitanu.
*) The graphic materials, maps, illustrations, and visual compositions included in this article are original works of One United Properties S.A. and are protected under Law no. 8/1996 on copyright and related rights, as well as under applicable unfair competition legislation. Any reproduction, copying, redistribution, alteration, removal of identifying elements (including logos), or incorporation of these materials into publications or commercial communications without the prior written consent of One United Properties S.A. is strictly prohibited. Any unauthorized use constitutes an infringement of copyright and may give rise to civil and/or criminal liability under applicable law.
