Banca Transilvania and Nusco have concluded a financing agreement worth 64.4 million euros to develop and complete the second phase of Nusco City, Bucharest’s largest urban regeneration project.

The second phase of Nusco City comprises seven buildings, with more than 800 apartments. The first three buildings—previously financed through the Nusco–OTP Bank România partnership—are due for delivery this year, while the next four—developed with BT financing—will be completed in the first half of 2026. Total investment in this second phase amounts to over 130 million euros.

We are pleased to be part of this landmark project in Bucharest, which supports the sustainable development of the real estate market. Nusco City is a partner with a stable long-term vision and a developer with a strong track record in urban regeneration.

Cosmin Călin
Senior Executive Director Large Corporates, Structured Finance and Factoring
Banca Transilvania

The partnership with Banca Transilvania adds scale to Nusco City’s development strategy. Our flagship projects have consistently benefited from the support of trusted partners, including Banca Transilvania. We are pleased that our urban regeneration vision is finally aligned with Romania’s real estate market—a moment Nusco has long anticipated.

Michele Nusco
CEO Nusco

Covering 23 hectares on the site of the former Pipera industrial platform, Nusco City will comprise more than 4,000 apartments, parks and green areas—accounting for around 40% of the project’s total area—alongside educational institutions, a hospital, a hotel, and retail and office space.