Hili Properties buys remaining stake in Bucharest office building

Business Forum

6 August, 2024 at 11:23 AM

Hili Properties, the real estate arm of Hili Ventures, has successfully secured the remaining 25% shareholding of the company which owns the MIRO office building in northern Bucharest.

The company will assume full ownership of the project starting August 1. It has initially purchased 75% of the project from Speedwell in 2022.

“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,” says Pier Luca Demajo, Chairman of Hili Properties.

Hili Properties Managing Director George Kakouras added that the project reflects the company's vision to invest in sustainable buildings.

The office project has a leasable area of 23,000 sqm and has received BREEAM and WELL certifications.

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