“The complete sale of these two projects positions Hils Development as a benchmark developer in the Bucharest real estate market and proves the company’s ability to support the increasing demand for new housing in the capital,” stated Bogdan Balașa, General Manager of Hils Development.
Balasa also said that the first phase of the HILS Republica mixed-use project featuring 369 apartments is due to be completed in June 2025.
HILS Pallady, located close to the Anghel Saligny metro station, is the first mixed-use project developed by the company. It was completed in 2023 and consists of 12 blocks with 1,908 apartments.
The HILS Splai project consists of 111 apartments and has a total surface area of 7,500 sqm, of which 2,271 sqm earmarked for green space.
Currently, Hils Development holds a portfolio of six residential projects in the eastern part of Bucharest. The company has delivered over 12,000 homes in Bucharest over the past 20 years.