The land has a 32-ha area and the value of the deal tops EUR20 million.
Over 5,000 apartments, commercial centers and thousands of square meters of offices can be built on the second largest land plot traded in the past 10 years for a real estate project.
Via this acquisition, Hexagon aims to turn the area into a new mixed-use urban pole.
The deal was handled by CBRE Romania and legal consultancy assistance was provided by Popoviciu Nitu Stoica & Asociatii.
CUG acquisition comes two years after Hexagon bought the former platform Tehnofrig, of 7 hectares, where it is developing the ERA project, valued at over EUR300 million.
Via these investments, Florin Maris cements his position as a major real estate developer in Romania and places Cluj again on the map of major urban regeneration projects.
(English version by Catalina Apostoiu)