One United Properties obtained the building permit for the first phase of One Cotroceni Park, an 80,000 sqm Gross Lettable Area (GLA) business park.
“We are marking the start of the largest urban regeneration project in the central area of Bucharest, on a 5.8 hectare plot,” says Mihai Păduroiu, CEO | Office Division, One United Properties, adding: “The size of the lot allows us to build a concept that will redefine the classic real estate developments, outlining on the map of Bucharest a new point of interest.”
One Cotroceni Park is located within the city’s central ring and direct access to the subway, flexible surfaces from 3,400 sqm to 8,000 sqm, elevated gardens, green spaces, areas for outdoor sports activities and a panoramic view of the neighborhoods – Cotroceni Palace, Botanical Garden or Parliament Palace.
At the same time, the residential compound comprises a retail area with an area of 15,000 sqm, comparable to that of a medium-sized shopping center. It provides approximately 800 apartments, which will be developed in several phases starting from 2020.
For a high level of comfort of the employees of the future tenants, One Cotroceni Park will be directly connected to the future subway station Academia Militara through an underground passage.
The underground level, dedicated to parking, will benefit from 10 access exits for efficient traffic within the complex.