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.
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.
Romanian developer Cityring Property is exploring a new residential development on a land plot of 6.5 hectares in northern Bucharest close to Atria Urban Resort, where it launched the last development phase.
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.
Hidroelectrica has completed the procurement procedure for seven 216 MVA, 15.75/242 kV transformers, equipment necessary for safe operation and continued modernisation of the Porțile de Fier I Hydroelectric Power Plant.
Eight months after Romania liberalised intercounty transport, FlixBus reports over 600,000 passengers have used its national and international routes, with more than 300,000 travelling domestically between July 2025 and February 2026.
The European Parliament and the Council have selected the French city of Lille to host the future EU Customs Authority (EUCA), following a final decision reached on Wednesday.
Romanian national carrier Tarom and Condor Airlines have launched a commercial codeshare partnership, expanding Bucharest's transatlantic connectivity through Frankfurt hub.
Recrutopia, a Romanian AI-powered recruitment service, has been launched by Neurony, a Romanian software company, with plans to increase revenues to €6 million this year versus last year's €2.5 million.
