The first phase of the project will include 172 apartments and 178 parking spaces, representing a total investment of €19 million.
Daniel Tudor, CIO of Hubix, said: "Cluj-Napoca is one of Romania's economic engines and needs responsible residential projects that contribute to the quality of urban life."
Fimaro Development has been actively involved in residential and industrial projects, successfully delivering hundreds of apartments to the local market to date.
Hubix, a Romanian real estate management and investment company, announces a €20 million investment in the development of the Abito Pipera residential project, a mixed-use complex designed for modern urban living and community.
Goldbach Group has entered a strategic partnership with Hubix, a Romanian investment and management company, securing over €5.3 million to develop four new retail parks under the K2 brand. The partnership combines Goldbach Group's retail park development expertise with Hubix's financing structuring capabilities and private capital attraction through its established investors' community.
Property investment company Hubix has announced a strategic investment in The Lake Home, a residential project in Sibiu, developed in partnership with Novarion.
Bucharest remains the leader on gross rental yields, while the overall prices in the residential market rose by 14% in 2024, according to a market study by The Concept.
Romania's residential market recorded around 26,000 new home completions during H1 2024, down 20% over the same period of last year, according to Colliers data.
Relative to incomes, buyers are experiencing one of the most favorable periods in history to buy a home in Romania.
The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with Vienna Insurance Group (VIG) to acquire approximately 10% of the shares of Carpathia Pensii, a Romanian private pension company.
Romania recorded the most significant increase in industrial electricity costs across the EU during H2 2025, according to data released by Eurostat.
Polish pharmaceutical company Zakłady Farmaceutyczne Polpharma has agreed to launch a voluntary public takeover offer (VTO) for all shares of Romanian drugmaker Biofarm, according to a regulatory filing.
Romania's Ministry of Finance has launched a public consultation for the TechUp Romania funding scheme, designed to support investments in research and development of advanced technologies with production capabilities.
Visual Fan has entered the shareholding of Solbess, a company active in electricity production.
