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.
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.
Speedwell has started the construction of the last building of its Triama Residence project in Bucharest.
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.
T2Y Capital, a financial investor focused on growth capital in the energy sector, is investing in Prime Batteries, making it the second-largest shareholder.
The INVL Renewable Energy Fund I has secured a new €29.3 million loan agreement with Kommunalkredit Austria for the construction of photovoltaic projects.
Rheinmetall, the German systems supplier to the defence industry, is significantly expanding its local production capabilities in Romania.
Renewable EPC by Allview, part of Visual Fan, has signed an energy storage deal worth €16.6 million with Teiuș Solar, an affiliate of Eurowind Energy.
The Romanian Competition Council has conditionally approved the acquisition of Telekom Romania Mobile Communications by Vodafone Romania and Digi Romania, with companies now set to finalize the binding terms of the transaction.
