Hubix, a Romanian real estate management and investment company, has entered into partnership with Alber Holding to develop the first phase of City of Mara Forum, a mixed-use project in Timișoara.
Through this partnership, Hubix enters the project as an investor and strategic partner, contributing capital and commercial expertise with a 20% stake in the first development phase. The first phase of City of Mara Forum has a development value of over €20 million, with the entire complex having an estimated gross development value of over €100 million.
Phase 1 includes 91 residential units, commercial and service spaces, approximately 191 underground parking spaces and share-parking functions for residents and area users. Construction began in March 2024, with completion of the first phase estimated for Q4 2027.
City of Mara Forum is part of a larger urban project developed by Alber Holding under the City of Mara brand, which aims to create a new hub for housing, services and urban functions in central Timișoara. Developed on approximately 1.5 hectares, the complex includes four residential buildings, street mall spaces and services of about 4,600 sqm, as well as an international hotel component (Hampton by Hilton).
"City of Mara Forum is exactly the type of project we want to be present in: strong partner, validated location, liquid product and an urban structure that doesn't depend on a single source of demand," said Daniel Tudor, Founding Partner & CIO at Hubix. "The investment logic is very clear: partnership with a developer with track record, in a location with demonstrable demand and in a product that can work for both sale and rental."
Hubix currently holds an equity investment exceeding €30 million, supporting a portfolio with a cumulative Gross Development Value (GDV) of more than €200 million.
