Real estate firm Nazca, based in Italy, launches its initial overseas branch in Romania's capital, Bucharest
Nazca Facility Management Expands Operations to Romania
Nazca Facility Management, an Italian company specializing in complete technical management services, has made its first foray outside Italy by opening an office in Bucharest, Romania. The new office is already serving a top international fashion retailer in Bucharest, Timișoara, and Cluj[1][2].
The decision to expand into Romania was driven by the country's healthy, growing economy and strong potential for long-term investments, as stated by Vincenzo Noviello, CEO and founder of Nazca Facility Management[1]. The company aims to achieve revenues of over €1 million next year and aims for €10 million within three years[1][2].
Nazca's target sectors in Romania include office buildings, retail properties, industrial platforms, and logistics centers[1][2]. The company plans to establish a legal entity dedicated to serving multinational clients, aligning with local operational and regulatory requirements. Medium-term goals involve replicating their successful Italian business model with strong internal capabilities in engineering, technical management, and leadership[1].
Nazca's expansion in Romania focuses on building a structured local presence, targeting diverse commercial real estate sectors, and leveraging existing client relationships to scale revenues[1][2]. The company is in active discussions with several of its existing partners for expanding collaboration to their operations in Romania[1].
Founded over 30 years ago, Nazca now has offices in Milan, Rome, Bari, Catania, and Bucharest. With over 350 employees, the company manages spaces totaling 2 million square meters across Italy, Slovenia, Hungary, and now Romania[1]. The company's main target segment is multinational clients, and it expects to generate revenues of over €1 million next year in Romania[1].
In summary, Nazca Facility Management's expansion in Romania is a strategic move to capitalize on the country's growing economy and strong potential for long-term investments, while also leveraging its existing client relationships and internal capabilities in engineering, technical management, and leadership[1][2].
[1] Nazca Facility Management press release, 2021. [2] Romania-Insider article, 2021.
Nazca Facility Management intends to broaden its business in the retail sector by serving a top international fashion retailer in multiple Romanian cities, including Bucharest, Timișoara, and Cluj. The company's expansion into Romania also covers office buildings, industrial platforms, and logistics centers, primarily catering to multinational clients.
