One United Properties transforms a building within the One North Gate office complex into One North Lofts
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and office real estate in Romania, announces a new residential development, One North Lofts, located in a highly desired area on Pipera Bulevard, five minutes’ drive from the Promenada Mall business district of Bucharest and 10 minutes’ drive from Herastrau Park.
The new residential development of One United Properties stems from the One North Gate office complex, which consists of two buildings, one of which will be fully reconverted into a One North Lofts, with a Gross Buildable area of approximately 20,000 sqm and a Gross Development Value of 30 million euros. The second building within the complex, currently leased at 73%, with a Gross Leasable Area of 4,500 sqm, will remain in One United Properties’ office portfolio under the One North Gate name.
“One North Lofts is based on our landmark concept of mixed-use developments, which offers residents a full array of facilities located in immediate proximity. The reconversion of an office building will allow its tenants to benefit from spectacular apartments. One North Lofts brings to the Bucharest market a unique concept of lofts, living spaces typically situated inside renovated industrial or office buildings, offering open floor plans with high ceilings and large windows for natural light. Located in a desired area of Pipera, One North Lofts has a direct access road to the business centre of Bucharest, offering to our clients an exceptionally positioned development,” said Beatrice Dumitrașcu, CEO of the Residential Division at One United Properties.
The new development has six floors, will host 137 residential units, varying from studios to one-, two-, and three-bedroom apartments, with surfaces of up to 170 sqm per unit, with exceptional height of 3.2 meters. There are also three commercial spaces on the ground floor and 237 parking spaces underground and aboveground available for the future residents.
One North Lofts is estimated to be completed in September 2023. The sales for this development have already been launched, and there are flexible purchase options to access the units – a new payment structure available exclusively for this development, of two equal pre-payments of 10% and 80% payment upon delivery, five equal instalments of 20%, or a 100% pre-payment upon signing.
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ONE UNITED PROPERTIES is the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, Romania. One United Properties is an innovative company dedicated to accelerating the adoption of construction practices for energy-efficient, sustainable, and healthy buildings. All the company’s buildings have superior certifications for sustainability, energy efficiency and wellness, and the developer has been awarded at numerous galas and conferences in the field. One United Properties is the first real estate developer in Romania to be internationally awarded, being the recipient of the “Best Sustainable Residential Development” in the world at the International Property Awards 2019-2020. The company is listed on the Main Market of the Bucharest Stock Exchange, with the symbol ONE and its shares are included in multiple BET and STOXX indices, the FTSE Russell Global All-Cap index, which follows the most liquid shares in the world, and the FTSE EPRA Nareit EMEA Emerging index, which tracks the evolution of companies in the real estate sector in emerging markets.