Hili Properties plc, the real estate arm of Hili Ventures Ltd, has secured the remaining 25 per cent shareholding of Baneasa Real Estate SRL, the company which owns the MIRO Office Building in Bucharest, assuming full ownership as of 1st August 2024.

The addition of MIRO to Hili Properties’ portfolio was formalised in 2022 when it initially acquired a 75 per cent shareholding in the office complex situated in the Baneasa area of Bucharest from major Romanian developer Speedwell.

Pier Luca Demajo, Chairman of Hili Properties, described the development as a “significant milestone” in the company’s growth plans and long-term strategy to enhance and diversify its portfolio.

Commissioned in 2021, the MIRO Office Building is a Class A mixed-use property spread across 23,000 square metres of leasable area, on five levels, complemented by a 1,700 square metre 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 points out the building’s sustainability credentials, backed by its recently acquired BREEAM “Excellent” and WELL “Certified Platinum” certifications.

The property is fully occupied, housing established global brands including KPMG Romania, Rovere, COS, Masia, Biocodex, Speedwell, Neoclinique, Stradale, Jura, HiSky and Doctor Skin.