One United Properties has acquired a 1.4295-hectare plot near Lake Tei in Bucharest to build a new mixed-use development named One Academy Club. The transaction cost ≈ €11.4 million, structured in part via compensation with apartments and commercial spaces.
What One Academy Club Will Include
The project will deliver about 150 residential units, along with 6 commercial spaces and 254 parking slots.
It will include community amenities such as a school and kindergarten, sports facilities, after-school, library, and canteen.
Located on Radu Tudoran Street (parallel to Fabrica de Glucoză Road), the site sits near existing developments like One High District and One Lake Club.
Financials & Timeline
- The Gross Development Value (GDV) is estimated at €50 million.
- Construction and pre-sales are set to begin after securing building permits.
- Final delivery is targeted for Q4 2027.
Strategic Importance & Vision
One United sees this project not just as building residences, but creating a complete community. In the words of co-CEO Victor Căpitanu, the firm wants One Academy Club to enrich urban living: “We believe urban responsibility means more than erecting buildings. It means crafting sustainable communities where people can live balanced lives.”
The Lake Tei area is among the fastest growing urban zones in Bucharest, and this development plans to contribute directly to that momentum.
