One United Properties (BVB:ONE) recently announced its acquisition of a 9,000 square meter plot located at 241-273 Barbu Văcărescu Street in Bucharest. The company plans to develop a residential project named One Floreasca Sunset on this land. The project will consist of 221 apartments distributed across two 14-story towers. The estimated gross development value (GDV) for One Floreasca Sunset is approximately 135 million euros, and the completion is slated for 2028.
The site already possesses a construction permit, allowing work to commence within this year. The permit was obtained through a company called Sunset Lake Investiții, which is backed by two offshore entities along with Lucian Tutunică. Notably, one of these offshore companies, Jefyval Holdings Limited, is entirely owned by One United Properties, as indicated in their financial report for the third quarter of 2025.
In 2025, One United Properties reported consolidated revenues amounting to 1.4 billion lei, with a strategic focus on selling residential units from their ongoing developments. This year, the company aims to push out new releases, highlighting its commitment to growth and expansion. Currently, One United Properties has 3,655 apartments under construction, along with 45,500 square meters designated for office and commercial spaces. The total gross development value for these projects exceeds 1.4 billion euros.
The decision to acquire the Barbu Văcărescu plot forms part of a broader strategy aimed at increasing the company’s portfolio and responding to the growing demand for residential properties in Bucharest. This area is increasingly becoming a sought-after location due to its proximity to urban amenities, parks, and significant transport links.
One Floreasca Sunset is expected to attract both local buyers and investors interested in the real estate market. The design of the project will focus not only on aesthetics but also on sustainability and comfort, key factors that the company prioritizes in all its developments.
As the residential market in Romania continues to recover and expand, properties like One Floreasca Sunset could play a pivotal role in shaping the future landscape of the city. The growing urbanization and population increase in Bucharest further amplify the demand for high-quality housing options, making this project strategically important for One United Properties.
The company’s robust financial performance illustrates its strong market position and ability to capitalize on emerging opportunities. With a commitment to developing innovative and environmentally friendly projects, One United Properties aligns with global trends emphasizing sustainability in urban development.
In summary, the acquisition of the Barbu Văcărescu plot signals One United Properties’ dedication to expanding its residential portfolio. With plans for a significant new project in One Floreasca Sunset, the company is well-positioned to meet the evolving needs of the market while achieving its long-term growth objectives. Investors and potential homeowners alike will be watching closely as the construction timeline unfolds, leading up to the anticipated completion in 2028.
