The remaining 25% ownership stake will still be held by SPEEDWELL for two more years.
The MIRO building, located in Bucharest’s Baneasa area, was delivered at the end of 2021 and is operated through the company Baneasa Real Estate SRL.
MIRO is a Class A mixed-use property with 23,000 sqm of leasable area spread over five floors with a 1,700 sqm outdoor plaza. It is excellently located on DN1 National Road of Bucharest, providing direct access to the city center, the northern business hubs and the airport.
In Bucharest, Hili Properties also owns and operates the ART Business Centre which houses the Ponderas Academic Hospital, part of Regina Maria private healthcare network.
During this transaction, the seller, Speedwell, was assisted by law firm Tuca, Zbarcea si Asociatii and buyer, Hili Properties, was assisted by law firm Musat si Asociatii and by Deloitte and Colliers.
In Romania, Speedwell’s portfolio includes the Record Park projects in north-western city of Cluj-Napoca, The Ivy, Triama Residence, MIRO and Space Plus projects in capital city Bucharest, the Paltim in western city of Timisoara and the Riverside City in the town of Ramnicu Valcea. Speedwell is held by Belgians Jan Demeyere and Didier Balcaen,