Nusco Imobiliara says it has sold 75% of the second phase of its urban regeneration development Nusco City based in northern Bucharest.

Nusco Imobiliara has secured the construction permit for the second phase of its Nusco City mixed-use scheme based in northern Bucharest. 

Petre Niculae, Founder of Pedro Construct, spoke with Property Forum about the new residential project whose development started this year, the challenges in the construction market and the company’s strategy of integrating innovative technologies in the design, construction, and development phases.

Communication consultancy Șerban & Musneci Associates has launched SMA Real Estate Kluster, a new division that is exclusively dedicated to the Romanian property market. 

Romanian developer Arqa, founded by Pedro Construct’s owner Petre Niculae and businessman Florin Ababe, has started the construction of a new residential complex in northern Bucharest and will start two new residential investments in the western part of the city. 

Romanian developer Pedro Construct has completed a new office building spanning 9,500 sqm in Bucharest following an investment of around €18 million.  

Pedro Construct, one of the largest construction companies in Romania, led by businessman Petre Niculae, is developing - together with his associate Florin Ababe - a new residential assembly in the north of the capital, Jolie Village. The investment in the project is estimated at €21 million and for €12 million, the company has obtained financing through Libra Bank.