Nusco Imobiliara sells 30% of homes in Bucharest project

05
Dec
2023
News - Nusco Imobiliara sells 30% of homes in Bucharest project #Bucharest #Michele Nusco #Nusco City #Nusco Imobiliara #residential #Romania

by Property Forum | Residential

Nusco Imobiliara has already sold 30% of the residential units comprising the second phase of urban regeneration project Nusco City, based in northern Bucharest.


Three months after it secured the construction permit, the developer sold 285 of the 840 residential units planned in the second stage that will be completed in Q3 2025 following an investment of more than €130 million. In the first phase, Nusco Imobiliara has completed 622 homes.

All in all, Nusco City will include over 4,000 apartments, parks, green areas, and infrastructure - covering approximately 40% of the entire project area that will span 23 hectares.

The masterplan of the mixed-use Nusco City project includes event halls and showrooms for the company along Pipera Boulevard.

“We are pleased to integrate this commercial area into the project's masterplan, a direction that has been active for several years. We want to thank our long-term partners for their trust in our project from the beginning and assure them of our ongoing collaboration,” said Michele Nusco, CEO of Nusco Imobiliara.

Pedro Construct is the construction contractor of Nusco City, while sales are managed by North Bucharest Investments.




Latest news


New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


Latest news

News - Eastnine doubles down on Warsaw with €300 million deal
07
Jul
2026

Eastnine doubles down on Warsaw with €300 million deal

by Property Forum
Eastnine has entered into an agreement with Ghelamco to acquire the 40-storey office property The Bridge in Warsaw at an underlying property value of €300 million. The transaction, which is subject to financing, is expected to close during the fourth quarter of 2026. The acquisition will make Warsaw Eastnine's largest market.
Read more >
News - Speedwell breaks ground on new SME warehouse near Bucharest
07
Jul
2026

Speedwell breaks ground on new SME warehouse near Bucharest

by Property Forum
The new Class A warehouse project dedicated to SMEs has moved into its final stage of development, with construction works underway. Early access is planned for March 2027, while the project is scheduled to become fully operational in May 2027.
Read more >
News - Hungary's Faedra Group makes its Polish debut in Warsaw
07
Jul
2026

Hungary's Faedra Group makes its Polish debut in Warsaw

by Property Forum
Hungarian-owned real estate development group Faedra Group has opened its first office in Poland. In July 2026, the company established Faedra Group Polska, headquartered in Warsaw, marking the first chapter of its international expansion.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy