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.

Sema Real Estate enters Romanian resi market

Local property developer Sema Real Estate has launched pre-sales for the first phase of its Sema Home residential project in central-western Bucharest.

Real estate

CTP achieves Breeam certification for CTPark Ploiești

CTP, Europe's largest listed developer and operator of industrial and logistics parks by gross leasable area, has obtained Breeam New Construction Outstanding certification for an 85,000 sqm logistics warehouse at CTPark Ploiești, fully leased to international fashion retailer H&M. This is the first industrial building in CTP Romania's portfolio to achieve the highest level of the Breeam standard.

Real estate

America House earns accessibility gold certification

America House has received Access4You Gold certification for its accessibility facilities, reinforcing its commitment to inclusive design and barrier-free access. The certification confirms standards to accommodate individuals with locomotor disabilities, including wheelchair users, elderly individuals, people with reduced mobility, and visitors with strollers, as well as access for blind and hearing-impaired visitors.

Real estate

Speedwell boosts financing for resi complex in Bucharest

Speedwell is strengthening its collaboration with Garanti BBVA Romania through a new €8 million financing agreement. The facility will fund the development of Building C8, the fourth building within The Ivy, Speedwell's residential project near Băneasa Forest. With this deal, Garanti BBVA's total financing for The Ivy now reaches almost €40 million.

Real estate

1Development starts resi development in northern Bucharest

1Development has announced the start of construction for Nordului 50, a boutique residence with panoramic views over Herastrau Lake and Park. The project offers residents a perspective of Bucharest with three kilometers of continuous green space and direct views extending to Piata Victoriei. Built on a 3,200 sqm plot, the project is scheduled for completion in spring 2027.

Real estate

Radisson Blu Bucharest achieves Breeam In-Use Excellent rating

Radisson Blu Hotel, Bucharest has earned Breeam In-Use Excellent rating for Asset Performance and Management Performance, becoming the first 5-star hotel in Bucharest to reach this level. This independent certification places the hotel among best-practice performers in Romania for building sustainability.