Romanian developer One United acquires land in Sibiu for mixed-use project

One United Properties (BVB: ONE), a publicly listed developer that has so far been focused on Bucharest, announced the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu. The site, located on the former FLARO industrial platform, offers significant potential for urban regeneration, according to company representatives.

In addition to developing a new mixed-use community that integrates residential, commercial, and service components, One United Properties will also restore and preserve four existing historic buildings on the site. These heritage buildings, which reflect the industrial and architectural history of Sibiu, will be rehabilitated and reintegrated into the future development.