Major investment signals new commercial prospects in Constanța
One United Properties, a leading Romanian developer, has made a significant move to expand its presence beyond Bucharest by acquiring a 34,800 sqm plot in Constanța. Located strategically at the gateway to the Mamaia resort, this large-scale acquisition paves the way for a transformative €500 million gross development value project. The vision includes a robust residential component complemented by integrated commercial functions, offering exciting new opportunities for businesses seeking prime locations in a vibrant regional hub.
A comprehensive mixed-use ecosystem
The development, backed by an existing building permit, is designed as a dynamic mixed-use ecosystem. Plans include the construction of seven tower blocks, featuring six residential towers and a five-star hotel. Crucially for businesses, the project will incorporate extensive **commercial areas**, alongside a school, kindergarten, restaurants, a gym/spa, a promenade, and comprehensive parking facilities. The inclusion of a five-star hotel and diverse integrated commercial functions provides ample scope for retail outlets, service providers, and potentially premium office spaces, all within a bustling new community.
Constanța: a strategic regional hub for business growth
Constanța’s appeal to businesses is undeniable, as highlighted by Victor Căpitanu, Co-Founder and Co-CEO of One United Properties. He emphasized, “Constanța represents an important regional growth hub for Romania, a city with major long-term urban development potential through its international port and tourism component.” This strategic positioning, coupled with its status as a key tourism destination and an international port, makes Constanța an attractive location for businesses looking to expand their reach and tap into both local and international markets.
One United Properties' vision for sustainable urban development
One United Properties is committed to replicating its successful sustainable building concepts from Bucharest in this new Constanța venture. The developer's strategic direction focuses on expanding into cities with “solid foundations and real demand for standards similar to what we've built in the capital.” This commitment to quality and integrated development means businesses can expect modern, well-planned commercial spaces within a sustainably built environment. The company already operates One Mamaia Nord in Constanța County and recently expanded into Sibiu, underscoring its broader strategy for regional growth.
Timelines and future outlook
With construction anticipated to commence in approximately one year and completion expected within three years, businesses looking for new commercial or retail opportunities should monitor this development closely. The €500 million investment underscores the scale and ambition of the project, promising to significantly enhance Constanța's urban and commercial landscape. This development is set to create a new focal point for economic activity, offering modern amenities and strategic advantages for a diverse range of enterprises.
Source: property-forum.eu
