NUSCO, one of the most important and active players in the local real estate market, will list bonds on the Bucharest Stock Exchange.

NUSCO’s shareholders approved earlier this month the realization of the first project on the Romanian capital market and the start of the relationship with the local investment public, and the authorized advisor, BRK Financial Group, is in charge of the intermediary of the offering. “After 27 years of presence on the Romanian market and after many successful flagship projects, we have decided to move to a new stage from an investment point of view. Given that our products have been and are very secure, we consider it appropriate in our solid evolution to list our first bond issue on the Bucharest Stock Exchange”, states Michele Nusco – CEO – NUSCO.

This decision marks the company’s debut in investor relations and thus encourages both commercial and institutional investors to make an investment in a financial product backed by real estate assets and with a pre-determined yield and maturity. “In this way, an investor can invest in an affordable financial product in terms of value, with real estate exposure and a yield for the national currency that is significantly higher than the inflation rate,” according to Laurențiu Irimia – Corporate Manager – BRK Financial Group.

The project envisages the realization of financing through the issuance of guaranteed bonds, which will be subject to admission to trading on the Bucharest Stock Exchange. “We are glad that the developer NUSCO will also be present on the capital market, especially due to the fact that it is a relevant representative of the real estate industry in Romania and enjoys recognition for the quality of the projects it has realized,” adds Irimia.

This transaction represents NUSCO’s first step in the Romanian capital market as part of the company’s strategy to develop and diversify its sources of financing and strengthen its relationship with local investors. “We also believe that the real estate sector in Romania should be better represented in the Romanian capital market through the presence of a larger number of companies on the Bucharest Stock Exchange,” explains the representative of BRK Financial Group. According to him, local investors can thus diversify their investments, complementing their real estate investments with those on the capital market and having the option to invest in several companies.

Nhood Services Romania has been selected to support the international expansion of the Romanian restaurant chain, Spartan. This partnership will facilitate the opening of new Spartan restaurants in Spain and the brand’s entry into the Polish market. Known for its modern take on Greek cuisine, Spartan operates in the Quick Service Restaurant (QSR) segment, offering an innovative alternative to traditional fast food, with 70 locations in Romania and one restaurant already established in Castellon, Spain.

Nhood has been appointed as a consultant for Spartan’s franchise expansion into Spain and Poland. The collaboration involves key activities critical to the brand’s long-term success in these new markets, including identifying and selecting franchise partners as well as finding the best locations for future Spartan restaurants. While Spain and Poland have distinct culinary traditions and specific market behaviors in the Food & Beverage sector, the QSR segment, in which Spartan operates, is experiencing growth, offering the Romanian brand a promising opportunity.

“The launch of our collaboration with Spartan marks an important milestone in diversifying our services, demonstrating Nhood’s ability to be a reliable partner for local brands in their international expansion efforts. We are excited to offer Spartan our full support, from finding local partners to selecting prime locations for their new restaurants, contributing to their success in Spain and Poland. Projects like this highlight Nhood’s development strategy, providing integrated solutions for ambitious brands ready to expand internationally,” stated Gabriela Piștalu, Head of Property & Asset Services at Nhood Services Romania.

“This collaboration is strategically significant for Nhood as it represents our first international expansion project for a brand via franchising, executed simultaneously in multiple countries. This partnership allows us to leverage our extensive real estate expertise and showcase our ability to manage complex projects across diverse European markets. At the same time, it confirms Nhood’s capacity to adapt its services to meet the specific needs of our clients, offering unified but tailored solutions based on our deep understanding of the local markets we operate in. Supporting brands in their international growth and helping them find the best solutions for sustainable development is a key priority for Nhood,” stated Bogdan Aldea, Head of Business Development at Nhood Services Romania.

MEDCITY announces the start of work on the first medical hub in Timisoara. MEDCITY’s objective is to transform a commercial building into a reference ecosystem in the healthcare sector, which will facilitate access to medical services offered by operators in the field.

The building will have a leasable area of approximately 1,100 sqm, distributed over four floors, and will be dedicated exclusively to medical services and related activities. The investment in this project amounts to 7 million euros, which consists of the reconversion of the building and the provision of state-of-the-art equipment. Currently, 40% of the MEDCITY Timișoara project is already rented, with the building set to be inaugurated in spring 2025.

“MEDCITY Timișoara will be more than just a medical facility; it will function as a collaborative space, where top medical service providers will come together under one roof to provide high-quality care to the local community. We are eager to inaugurate this medical destination of excellence, which we are convinced will become a point of reference for the entire community,” stated Alexandros Diamantis, Managing Director of MEDCITY.

Source: economica.net