Telekom Romania announces the sale of a land located in Floreasca area in Bucharest, to One United Properties. The transaction was concluded for a price of over 18 million euros, thus becoming the major land transaction on the real estate market in Bucharest this year.

The urban land with an area of 25,839 sqm consists of two lots, of 24,786 sqm and 1,053 sqm respectively, and it has an opening of about 120 meters at Lake Floreasca.

One United Properties was represented in the transaction by Alexander Boff, an experienced broker with over 12 years in the high-end residential segment.

The land was put up for sale earlier this year and announced on the Telekom Romania website dedicated to the real estate properties available for sale and rent. The auction was launched in February 2018, with a starting price of EUR 13.9 million excluding VAT.

Telekom Romania

Telekom Romania is a dynamic brand that provides complete, innovative, fixed and mobile telecommunication services tailored to a vast community of customers with about 10 million service contracts.

Our solutions offer an infinite world of opportunities to share the most beautiful and emotional experiences with family, friends, colleagues and those around us. Our mission is to enrich people's lives by providing them with fixed and mobile integrated services, the latest 4G technologies, fiber optics as well as Internet TV, bringing users a new entertainment experience with exclusive and quality content access, on all screens, and advanced interactive features. Telekom Romania is the trusted partner of the companies for which we offer complete solutions for communications and IT & C. Our network connects people, cars and content for a better, safer and simpler future.

Telekom Romania has entered Romanian market in 2014, following the joint rebranding of Romtelecom and COSMOTE Romania.

Telekom belongs to Deutsche Telekom, one of the world's leading integrated telecommunication companies.

One United Properties

One United Properties is a leading developer of premium residential compounds and office buildings in Bucharest, Romania. One United Properties is an innovative corporate group, which focuses on eco-friendly construction methods dedicated to accelerate the adoption of practices with result in energy-efficiency, healthy and environmentally sustainable buildings.

The Company has already 376 apartments delivered over the last 4 years, 387 residential units under construction, and more than 500 units are on the short term development pipeline. The most prestigious compounds developed are One Herastrau, One Herastrau Plaza and One Charles de Gaulle. The Office Division is focused on the development of centrally located, highly efficient office buildings.