Hili Ventures Limited has announced its intention to launch a conditional voluntary public takeover bid for the acquisition of all issued share capital of Hili Properties plc.

In response, Hili Properties has requested the Malta Financial Services Authority (MFSA) and the Malta Stock Exchange (MSE) to suspend trading of its shares with immediate effect. The company has pledged to keep the market informed of any developments in this process.

The announcement comes on the back of significant corporate restructuring and acquisitions by Hili Properties.

In a recent company announcement, Hili Properties disclosed that it had completed an intra-group share transfer as part of its restructuring process. It acquired the entire shareholding of two subsidiaries, Premier Assets S.R.L. and Hili Premier Estates Romania S.R.L., from Hili Properties B.V.

Additionally, Hili Properties has finalised its acquisition of the remaining 25 per cent of the issued share capital in Baneasa Real Estate S.R.L., making it the sole owner of the MIRO Office Building in Bucharest, Romania.

The MIRO building, constructed in 2021, is a Class A mixed-use property with approximately 23,000 sqm of leasable space spread across five levels, complemented by a 1,700 sqm outdoor plaza. It is fully occupied, hosting a range of global brands.

Located in the Baneasa area, just 10 minutes from Bucharest International Airport, the building is known for its sustainability credentials, boasting BREEAM “Excellent” and WELL “Platinum” certifications.

Hili Properties plc, a subsidiary of Hili Ventures, was incorporated in 2012 as the property division of the Hili Ventures Group.

The company has an authorised share capital of €120 million, with 400,892,700 shares fully paid up and traded on the Malta Stock Exchange since 2021. Hili Properties focuses on acquiring, holding, and managing a diversified portfolio of properties locally and overseas.

One of its significant assets is Harbour (APM) Investments Limited (HIL), which was acquired from APM Holdings Ltd in April 2022. This acquisition added approximately 92,000m² of land in Bengħajsa to Hili Properties’ portfolio. The main objective of HIL is to manage both movable and immovable property across different markets.

If successful, the takeover bid by Hili Ventures will result in the full ownership of Hili Properties, further consolidating its position within the Hili Ventures Group.