One United Properties, one of the most important developers in the real estate market in Romania, has acquired 21,165 sqm land on the shores of Lake Tei in Bucharest, from a company within Țiriac Group. The value of the transaction amounts to EUR 15 million. A town planning certificate has already been issued for that land for construction.

The company also informs that it intends to develop on the acquired land a new real estate project, One Lake Club, which will be designed as a residential club with contemporary design apartments and integrated facilities, such as a swimming pool, spa, gym, or brasserie.

The great location of the land will provide the new real estate project that the company plans to develop a direct view over Lake Tei, but also quick access to facilities from the northern part of Bucharest and the A3 highway. The transaction is in line with One United Properties' strategy of investing in sustainable premium development opportunities in exclusive areas of Bucharest, with several facilities.