Nusco Secures €21.4 Million in Financing from Exim Banca Românească
Nusco has signed a €21.4 million financing agreement with Exim Banca Românească. The agreement is intended to refinance certain assets in the company’s portfolio, as well as support its ongoing investment projects.
The majority of the financing provided to Nusco will be used to continue developing the company’s assets, while the remaining funds will be used to close a previous credit line held by the real estate developer.
“This financing reaffirms the confidence our partners have in Nusco’s vision and development strategy. Our projects have grown alongside strong and trusted financial partners, and our cooperation with Exim Banca Românească represents another important step in this direction. Developing sustainable projects that are relevant to the community is possible through strong, long-term partnerships, while cooperation between developers and financial institutions is essential for creating modern and sustainable spaces that contribute to the development of cities and improve quality of life,” stated Michele Nusco, CEO of Nusco.
Nusco is one of Romania’s leading real estate developers, with a portfolio that 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; Phase 1 of Nusco City; Phase 2 of Nusco City, which has been launched and is currently under development; and Nusco Green Homes, the company’s newest villa development in the northern part of Bucharest, currently under development.
Nusco has surpassed 1,300 apartments and 61 villas developed and is continuing the development of another 836 apartments this year.
