Hili Properties secures full ownership of landmark MIRO Office Building in Bucharest

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

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

Pier Luca Demajo, Chairman of Hili Properties, expressed his satisfaction: “Completing the acquisition of the MIRO Office Building represents a significant milestone in our growth plan. 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.”

Commissioned in 2021, the MIRO Office Building is a premier 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 added: “This flagship asset in Romania reflects our vision to invest in sustainable buildings. MIRO has become a business destination where international companies thrive, and we remain committed to creating a vibrant community at MIRO.”

Designed with sustainability and visitor well-being in mind, MIRO has earned the esteemed BREEAM “Excellent” and WELL “Certified Platinum” certifications, making it the only building in Romania to meet such high standards.

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