Nusco Imobiliara receives building permit for the second phase of the Nusco City project in Bucharest

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Petre Barac Posted On October 10, 2023

Real estate developer Nusco Imobiliara has received the construction permit for the second phase of the Nusco City urban regeneration project in the northern part of Bucharest.

The second phase of the complex will comprise 840 units, including studio apartments, two, three, four rooms apartments and exclusive duplexes – with an estimated investment of over 130 million euros. The first phase of Nusco City delivered 622 new homes to the community.

“Nusco City is the largest project in our company’s portfolio. Spread over 23 hectares, Nusco City will accommodate a total of over 3,000 apartments, parks, green areas, and infrastructure, covering approximately 40% of the entire project area. It will also include educational facilities, dedicated commercial zones, and office spaces – showcasing the true magnitude of this urban regeneration project,” says Michele Nusco, CEO of Nusco Imobiliara.

Nusco City was launched in the winter of 2020 and delivered its first phase in Q2 2023. The second phase is set to begin construction in Q3 2023, with the first 340 units, and is estimated for delivery in Q3 2025. The project’s constructor is the company Pedro Construct.

Nusco Imobiliara’s portfolio includes projects such as Premio – a premium boutique residential complex; CITTA Park residential complex; Nusco Towers office building; Caramfil office building; Floreasca One office building; Floreasca Two office building; Pipera Commercial Park; Nusco City Phase 1; Nusco City Phase 2 – launched and under development; Nusco City Phase 3 – prepared for launch; and the ongoing development of the newest villa complex in the northern part of the capital – Nusco Homes.

Nusco Imobiliara has surpassed the milestone of developing over 1,300 apartments, and this year, they have 312 apartments and 121 villas in development.

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Sursa: https://www.thediplomat.ro/2023/10/10/nusco-imobiliara-receives-building-permit-for-the-second-phase-of-the-nusco-city-project-in-bucharest/

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