One United Properties enters US market with Nashville land buy

Business Forum
Romanian developer One United Properties has announced its Board of Directors approved a strategic framework for phased entry into the US residential real estate market, by completing its first land acquisition in the Nashville metropolitan area.

The company has completed its first land acquisition in Franklin, Williamson County, Tennessee. The land has a total area of 4.53 acres (18,332 sqm), with two additional adjacent plots under contract totalling 1.86 acres (7,527 sqm). The total plot of 6.39 acres (25,859 sqm) will allow for the development of 42 townhouses and a clubhouse, with a total buildable area of approximately 107,500 sqf (9,987 sqm). The development will be called One Liberty Pike and will have a gross development value of $60 million.

"After consolidating our position in Bucharest and initiating selective steps outside the Romanian capital, we have continued to evaluate international markets through the same disciplined approach. The US is the first reviewed market that combines meaningful scale, liquidity and an investor and developer friendly environment, especially in the two areas we have prioritised, Nashville and Miami," said Victor Căpitanu, Co-founder and Co-CEO of One United Properties. "This first acquisition is a measured step to establish a presence on the American market and build practical market knowledge, not a broad geographic expansion."

The US is the first international market that meets the company's investment requirements, given its size, transaction depth, high liquidity and a development environment supported by strong institutional participation and relatively predictable processes. The company will initially focus on the Nashville metropolitan area as its primary execution market, with a first residential development identified in Franklin, Williamson County.

RECOMMENDED
One United Properties plans mixed-use scheme in Iași
Real estate

One United Properties plans mixed-use scheme in Iași

Romanian developer One United Properties has signed a memorandum of understanding with Evergent Investments to develop a mixed-use complex in Iași. This marks the company's third regional expansion after Sibiu and Constanța.

RECOMMENDED FROM THE HOME PAGE
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.