Hili Properties plc on Thursday announced the acquisition of 75 per cent of issued share capital of Baneasa Real Estate SRL, owner of MIRO Office Building in northern Bucharest, Romania.

In an official company announcement, Hili Properties said it an SPA for the acquisition of the remaining 25 per cent in two years’ time.

MIRO is a newly built A Class mixed-use property developed in the Baneasa area, with approximately 23,000 sqm of leasable area spread out over five levels and with a 1,700 sqm outdoor plaza.

It features a convenient location, right on DN1 National Road of Bucharest, providing direct access to the city centre, the northern business hubs and the airport.

MIRO is described as having been built with a focus on the well-being of its occupants, and sustainability, as evidenced by its BREEAM “Excellent” and WELL “Platinum” certifications.

It has an extensive list of reputable companies as tenants, such as KPMG, ROVERE, COS, CEGEKA, EATON, NEOCLINIQUE, SPEEDWELL, STRADALE/MITZU, JURA and HISKY.

“This investment is a testimony of our vision to make positive impact on the communities in which we invest through sustainable buildings,” Hili Properties said.

This asset in Romania increases the company’s portfolio from €173.8 million to €234.2 million and extends the total leasable area to approx. 119,000 sqm across 23 properties.

Hili Properties owns and manages strategic commercial real estate for lease in the Baltics (Estonia, Latvia and Lithuania), as well as Malta and Romania.

Its portfolio consists of dedicated business blocks and office space, grocery-anchored shopping centres, healthcare facilities, and properties housing McDonald’s restaurants in key commercial districts.

More broadly, the network of companies that make up Hili Ventures, Hili Properties' parent group, is engaged in partnerships with McDonald’s and Apple, logistics, marine and engineering, technology, property, oil and gas, hospitality, and leasing in 10 countries.