One United Properties announces a new residential development, One North Lofts, located on Pipera Bulevard. 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 EUR 30 million. The second building within the complex, currently leased at 73 percent, 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, and will host 137 residential units.. 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 development’s sales have already begun, and there are flexible purchase options available – a new payment structure available exclusively for this development, consisting of two equal pre-payments of 10 percent and 80 percent payment upon delivery, five equal installments of 20 percent, or a 100 percent pre-payment upon signing.
