One United Properties has pre-sold 80% of the units in the first phase of One Lake District, which has a gross development value of over EUR 138 mln
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that one year after the sales launch for One Lake District, a large-scale sustainable…
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that one year after the sales launch for One Lake District, a large-scale sustainable development located right on the shore of Lake Plumbuita, 80% of Phase 1 has been pre-sold. This phase includes over 620 apartments and the corresponding parking spaces. One Lake District Phase 1 has a gross development value of over EUR 138 million, with completion estimated for the second quarter of 2025.
Additionally, the developer announces the sales opening for Phase 2 of One Lake District development, with over 860 housing units and the corresponding parking spaces available. The estimated completion date for Phase 2 is the third quarter of 2026. The gross development value of One Lake District Phase 2 is over EUR 150 million.
The unique feature of the One Lake District development lies in its ability to transform an industrial area, the site of a former brick factory, into a vibrant centre of synergies, exchanges, and urban interconnections, creating a new community that enjoys diverse commercial, leisure, and educational facilities. To enhance the quality of life and comfort for the new community and local residents, One United Properties has acquired four additional plots of land – with areas of 1,461 sqm, 9,017 sqm, 1,713 sqm, and 6,994 sqm (a total of 19,185 sqm) – to invest in the efficient development of access areas, infrastructure, and provided services. Thus, the total area of the land that will host One Lake District and its related services is 100,458 sqm. In this extensive urban operation, One Lake District plays a crucial role: the complex, which will be directly connected to the A3 highway, acts as a link between the highway area and Lake Plumbuita, transforming the functions of these areas from utilitarian infrastructure to a key driver for urban regeneration. The developer will invest nearly EUR 1 million in the development of necessary access and infrastructure.
”Aligning with our long-term strategic urban regeneration development plan, One Lake District is an evolving project that redefines the industrial area of the former brick factory into a large urban waterfront with access to Lake Plumbuita. The success of this development is due to our sustainable living proposal targeting the middle and upper-middle segments, as well as the integrated concept. In addition to designing residential, leisure, and educational facilities, addressing public space in the communities living in this area is also urgent and necessary to provide dignified infrastructure that ensures the quality of life for the population. Therefore, we believe that One Lake District demonstrates the potential to transform an industrial area into a place of urban and human interconnection”, says
