One United Properties announces the signing of a memorandum of understanding with CPI Property Group for the acquisition of a 21 hectares plot of land “located within minutes of driving to Tineretului and Carol parks and within walking distance to Eroii Revolutiei subway station”, in Sector 4, Bucharest.

The management of One United Properties says this initiative marks the company’s entry into a new subsegment: affordable premium housing. The new development targets approximately 5,000 units, master-planned as a small, self-sustainable neighborhood, aimed at the upper tier of Bucharest’s residential mass market.

Located within a 10-minute drive from Unirii Square, the development will include a park and green spaces, educational facilities, a fitness center with pool, markets, retail facilities with food operators, community health center, walking and cycling paths. The first phase of the project is expected to be completed in 2028.