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.

More details here and here.