Malta-based investor buys Bucharest office building

05
May
2017
News - Malta-based investor buys Bucharest office building #Bucharest #investment #Malta #office #Romania

by Ákos Budai | Investment

Hili Properties, the real estate division of Hili Ventures, has finalised the acquisition of ART Business Centre in Bucharest from FBC Exclusive Company for €30 million.


Located in the northern part of the Romanian capital, the nine-storey property has 18,600 square metres of gross leasable area. Currently 100 per cent leased, ART Business Centre’s anchor tenant is Ponderas Academic Hospital which has invested heavily in the fit-out of its facility in the property. ART Business Centre’s second largest tenant is Intesa San Paolo which operates its headquarters from the building. Bet Active Concept, Kinetic Sport Medicine, Daas Impex, Topanel and Samsung also occupy space at the centre. 

Hili Properties holds and manages a collection of commercial property for lease in Latvia, Lithuania, Estonia, Malta and now Romania. Its diverse portfolio includes dedicated business blocks, office space in key commercial districts and property housing McDonald’s restaurants. The restaurants are part of Premier Capital plc, the McDonald’s division of Hili Ventures. Premier Capital plc, through its subsidiary Premier Restaurants Romania, operates 68 McDonald’s restaurants nationwide. 
 
Hili Properties is the property division of Hili Ventures, a multi-disciplinary group headquartered in Malta. 



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  • Palas Campus, Romania's largest office building, is set to host the new regional hub for BCR starting this autumn. The HQ will occupy a surface area of approximately 1,000 sqm and will serve clients from the local county and adjacent regions.

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  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.


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