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.
The four retail parks are expected to reach a combined gross development value of €24 million upon completion.
The investment targets a retail park in Târgu Mureș, which will be developed in two phases, alongside three projects in Drobeta Turnu Severin, Ștefănești Noi (Argeș County) and Șimian (Mehedinți County). The four retail parks are scheduled to be completed between December 2026 and early 2027. Upon completion, the K2 Retail Properties portfolio will grow by more than 12,000 sqm of leasable area, reaching a total of 25,000 sqm and 15 operational retail parks.
"Bringing a strategic investor like Hubix on board gives us the opportunity to leverage their experience and know-how to support efficient completion and operation. Hubix contributes with capital raising and structuring to the positioning and value-creation strategy of the investments," says Florentin Avădanei, Founder and Co-CEO of Goldbach Group. "We will continue to focus on expanding our retail park portfolio, staying committed to developing projects that deliver long-term value to local communities."
"Our partnership with Goldbach Group is part of Hubix's strategy to build a diversified investment portfolio, adding modern retail to our platform. We bring not only capital, but a full ecosystem of expertise in financing structuring, due diligence, governance and operations," says Daniel Tudor, Co-Founder & Chief Investment Officer, Hubix.
The first equity investment agreement has been signed for K2 Târgu Mureș, a non-food retail gallery with a total gross leasable area of 6,716 sqm developed in two phases. K2 Drobeta will offer 2,864 sqm and will include a Penny supermarket alongside a non-food retail gallery. The other two retail parks in Ștefănești Noi and Șimian will feature leasable areas of 1,285 sqm and 1,770 sqm respectively.
