One United Properties, the leading green investor and developer of residential, mixed-use and office real estate in Romania, obtained the building permit for One High District, a large-scale premium development with more than 700 housing units, with a gross building area aboveground of approximately 92,000 sqm and 16,000 sqm underground.
The Gross Development Value (GDV) for One High District is 154.2 million euros, and delivery is estimated for the end of 2025.
One High District is a community-based real estate concept, offering residents more than just a living space. The development totals 786 apartments spread over three towers, 28 commercial spaces and no less than 1,134 parking spaces, all making up a premium private complex. Located in the Floreasca-Barbu Vacarescu area, on a plot of approximately 25,000 sqm, of which more than 30% are green areas, the development offers future residents a modern, sustainable urban lifestyle, with contemporary design apartments.
“One High District completes the large-scale development portfolio of One United Properties, shaping up as a complex of the future located in a very desirable area of Bucharest that is well connected to the most important points of interest of the city, as well as to the A3 highway. With this real estate concept, we intend to offer residents a modern and sustainable living experience, at superior quality standards, as part of the One community. More importantly, One High District is one of the first developments in Romania that will benefit from geothermal heat pumps, offering its inhabitants an innovative and predictable energy source. The sales for this mixed-use development have already been launched, and the options to access the units are flexible, from full payment in advance, to five equal instalments or a 30% advance and 70% upon delivery”, says Beatrice Dumitrașcu, CEO Residential Division One United Properties.
One High District will benefit from the most advanced and environmentally friendly energy source, the geothermal heat pumps. Geo-exchange solutions do not emit carbon dioxide, carbon monoxide, or other greenhouse gases that contribute to air pollution. In addition, since the geo-exchange systems do not burn significant amounts of fuel such as gas, oil, propane, or coal, they operate at a lower cost and are much cleaner. Consequently, the costs for heating and cooling are not only lower than traditional solutions but also predictable, offering long-term consumption autonomy.
At One High District, the clients have access to various residential units, starting with studios and one-bedroom apartments, two-bedroom and three-bedroom units as well as duplex penthouses. Located in the 2nd district in Bucharest, in proximity to the A3 highway, One High District development will provide quick access to the Floreasca area, One Gallery commercial center, malls, as well as to other points of interest in the city – commercial services and leisure activities, restaurants, cafes, gym.