Business Forum • 7 August, 2024 at 3:51 PM
Hili Properties plc, the real estate arm of Hili Ventures Ltd, has successfully secured the remaining 25% shareholding of Baneasa Real Estate SRL, the company which owns the MIRO Office Building in Bucharest, assuming full ownership as of August 1, 2024.
The addition of MIRO to Hili Properties' portfolio was formalised in 2022 when it initially acquired a 75% shareholding in the prestigious office complex situated in the Baneasa area of Bucharest from major Romanian developer Speedwell.
Pier Luca Demajo, Chairman of Hili Properties, expressed his satisfaction: “Completing the acquisition of the MIRO Office Building represents a significant milestone in our growth plan. This achievement is in line with our long-term strategy to enhance and diversify our portfolio and deliver value to our stakeholders, while positively impacting the communities we serve.”
Commissioned in 2021, the MIRO Office Building is a premier Class A mixed-use property spread across 23,000 square metres of leasable area, on five levels, complemented by a 1,700 square meter outdoor plaza. Located in a commercial district in the northern area of Bucharest, the building is minutes away from Bucharest International Airport and Băneasa Shopping City.
Hili Properties Managing Director, George Kakouras, added: “This flagship asset in Romania reflects our vision to invest in sustainable buildings. MIRO has become a business destination, where international companies thrive and we remain committed to creating a vibrant community MIRO.
Designed with sustainability and visitor well-being in mind, MIRO has earned the esteemed BREEAM “Excellent” and WELL “Certified Platinum” certifications, making it the only building in Romania to meet such high standards.
The property is fully occupied, housing prestigious global brands including KPMG Romania, Rovere, COS, Masia, Biocodex , Speedwell , Neoclinique, Stradale, Jura, HiSky and Doctor Skin.
Hili Properties plc is a strategic investor in commercial real estate. It holds and manages an extensive portfolio of strategic assets in several European countries, currently valued at €229 million, and which comprises 22 properties including commercial, retail, and industrial property in Malta, Latvia, Lithuania, Estonia, and Romania. Its real estate houses McDonald's restaurants, grocery- anchored retail complexes, dedicated business blocks and office space, an industrial plant and healthcare facilities.
Hili Properties is the international real estate investment subsidiary of Hili Ventures, the group engaged in food service & retail, real estate & hospitality, shipping & logistics, oil & gas, engineering, and technology in 10 countries across Europe and North Africa with a team of 12,000 people. Hili Ventures is a proud partner of Apple, Konecranes, McDonald's, Microsoft, NCR, Six Senses and many other global brands.