Hili Properties

Hili Properties owns and manages strategic commercial real estate for lease in several European countries, including Estonia, Latvia, Lithuania, Malta and Romania. Its portfolio comprises dedicated business blocks and office space, grocery-anchored shopping centres, healthcare facilities, and property housing McDonald’s restaurants in key commercial districts. The current portfolio value exceeds €115 million.

A clear vision to enhance portfolio value guides Hili Properties’ endevours to identify opportunities in key cities in Europe’s most exciting markets. With extensive experience in property management, development and repositioning, and a deep understanding of its target locations, every asset in Hili Properties’ portfolio is managed to realise its full potential to benefit a whole spectrum of stakeholders.

Our mission is to identify and recognise possibilities in real estate with a view to renovation or redevelopment to exceptional standards. We partner trusted professionals and specialists who act decisively and ethically to deliver outcomes that become highly desirable business addresses.

Mission

To invest in high-quality assets to generate attractive, growing returns for our shareholders over the long term

Vision

To make positive impact on the communities in which we invest through sustainable buildings

The board

At the helm of Hili Properties is a board of directors composed of seasoned finance and operations professionals.
Together they bring a wealth of international experience and sound judgment to the table.

Pier Luca Demajo was appointed Chairman and Non-Exective Director of Hili Properties plc in September 2020. He holds years of commercial experience and insight and, throughout his career, has created and managed several companies operating in diverse sectors in Malta, including technology, manufacturing, tourism, distribution, contracting and financial services. Mr Demajo served as Chief Executive Officer of the M. Demajo Group from 2008 to 2019 and is now a Group Director. Mr Demajo joined the board of iSpot Holdings, a subsidiary of 1923 Investments plc, in November 2019 as Non-Executive Director. He is also the Honorary Consul of Canada.

George Kakouras joined Hili Properties plc as Managing Director in August 2020, from Apco Systems Ltd, a subsidiary of Harvest Technology plc, where he was Managing Director. Earlier in his career, Mr Kakouras gained extensive international management and leadership experience at Intralot group and Maltco Lotteries, where he was Chief Operating Officer and a member of the board. George Kakouras holds a BSc and an MEng in Electrical and Computer Engineering and an MBA in Engineering Economics Systems from the National Technical University of Athens.

Eddy Vermeir joined Hili Ventures in 2018 as Senior Director for Business Transformation, after having successfully redesigned the strategic path and completed the recruitment of a new senior executive team at iSpot Holdings, a Hili Ventures company encompassing Apple Premium Resellers in Poland and Hungary. He is currently responsible for leading the design and implementation of a customised Enterprise Risk Management environment across all divisions and business units. Mr Vermeir’s first role at Hili Ventures a few years back was to examine business practices and devise optimisation strategies so that the group could derive the best outcome for every activity it is engaged in. He was appointed Managing Director at iSpot (formerly SAD) in 2017, bringing 25 years of experience in international finance from his previous roles with  McDonald’s, where he held various finance roles including Senior Director of Global Finance People Development at McDonald’s Corporation and Senior Finance Director for  McDonald’s in Europe. He pursued his post-graduate studies in Corporate Finance at Vlekho Business School in Brussels.

Peter Hili graduated from the University of Malta in 2016 with an Honours degree in International Relations. After some time on the staff of the Embassy of Malta in Washington DC as a Policy Officer, he joined Hili Ventures, Hili Properties’ parent company, as a management trainee. In 2017 Mr Hili relocated to Canada for a placement with McDonald’s in Ottawa and was appointed Restaurant Manager at McDonald’s Bay Street in Malta the following year. He was named Business Consultant at Premier Restaurants Malta, the operator of McDonald’s, in 2019 and was promoted to Managing Director in 2020. 

David Aquilina has extensive experience in property and construction. He is an executive director at Belair Property, a Maltese real estate agency, and holds directorships at various construction companies involved in the development of a range of properties in Malta, including high-end capital projects. Mr. Aquilina is also a director of a franchise operation involving two fashion brands in Malta. He is a qualified accountant and previously worked with Deloitte Malta.

Laragh Cassar obtained a degree in Law from the University of Malta in 2002 and a postgraduate Master’s in Banking and Finance from the University of London in 2003. She started her career with Camilleri Preziosi in 2003 and was admitted to partnership in 2010 and was responsible for the investment services department. Over the years, Dr Cassar has been actively involved in a large number of note and equity listings on the regulated market of the Malta Stock Exchange as well as assisting with the ongoing obligations of listed companies. In June 2015, she co-founded Camilleri Cassar Advocates, a commercial and civil law firm. Dr Cassar is responsible for the capital markets and investment services areas of practice of the firm.

Melanie Miceli Demajo graduated Doctor of Laws from the University of Malta in 2002 and was admitted to the bar in 2003. She has a Master’s in Law specialising in Commercial and Corporate Law from University College London and a Master of Arts in Financial Services from the University of Malta. Dr Miceli Demajo has been a Partner at Maltese law firm Gonzi & Associates since 2012. She was previously Group Legal Advisor at M. Demajo Group, a multi-disciplinary group of companies.

The team

Hili Properties’ organizational management is led by international-focused experienced executives comprised of industry experts tasked with steering this company towards sustained growth.

George Kakouras joined Hili Properties plc as Managing Director in August 2020, from Apco Systems Ltd, a subsidiary of Harvest Technology plc, where he was Managing Director. Earlier in his career, Mr Kakouras gained extensive international management and leadership experience at Intralot group and Maltco Lotteries, where he was Chief Operating Officer and a member of the board. George Kakouras holds a BSc and an MEng in Electrical and Computer Engineering and an MBA in Engineering Economics Systems from the National Technical University of Athens.

Daniela Pavia joined Hili Properties as Chief Financial Officer in February 2020, and is responsible for leading the company’s finance function and for ensuring a strong financial performance. She had joined Hili Ventures in May 2015 as Finance Manager Budgeting & Reporting and was promoted to Director of Finance in June 2016. She was previously Audit Manager at Deloitte Malta. Ms Pavia holds a BA (Hons) in Accountancy and a Diploma in Taxation from the University of Malta.

Aivars Barbals joined the Company as Properties Project Manager in December 2015, and is responsible for the operational management of the properties portfolio as well its expansion and repositioning. Previously for more than thirteen years, he was the Director of the Real Estate department of Maxima in Latvia, one of the largest supermarket chains in the Baltics. Prior to that, he managed his own company for ten years, which organized the development services of catering, trade and food technologies companies in the Baltic States and Russia. Aivars Bārbals has studied Food Technology, as well as Business and Management.