Thursday, 19 March 2026
Real estate developer One United Properties has acquired a plot of land measuring approximately 9,045 sq m on Barbu Văcărescu Street in Bucharest, on which it intends to build the One Floreasca Sunset residential complex, with a gross development value (GDV) of EUR 135 million.
The land was purchased from Sunset Lake Investiții SRL, managed by Lucian Tutunică. One United Properties did not publicly disclose the price paid for the land on Barbu Văcărescu.
The new One Floreasca Sunset project will include a two-story building with a total built-up area of 29,138 sq m. The residential component includes 221 residential units. The lower levels will include commercial spaces (1,172 sqm), offices (981 sqm) and administrative spaces (156 sqm), as well as a sports area for residents. The parking lot provides 361 spaces.
“One Floreasca Sunset is part of our strategy to invest in land with an exceptional positioning, in mature urban areas, where demand is supported by solid economic fundamentals and an already functional infrastructure. The Floreasca neighborhood probably remains one of the most desired exclusive residential addresses, one of the most stable market segments in Bucharest,” said Victor Căpitanu, co-founder and co-CEO of One United Properties.
