Mindaugas Valuckas, member of the Board Hanner Group OU, is taking over the country manager position for Hanner in Romania. Silviu Grigorescu, the former CEO of Hanner Romania, will pursue his personal projects in real-estate and constructions, while also maintaining his collaboration with the Hanner team.

Mindaugas Valuckas is currently member of the board of Hanner Group OU, the largest real estate developer in Lithuania, with over 16 years’ worth of experience in Central and Eastern Europe.

Valuckas is a young businessman with entrepreneurial skills who runs a company with assets and developments portfolio of over EUR 1 billion. His career in Hanner began 13 years ago, immediately after he graduated school.

In 2009 he was appointed member of the board of Hanner AB and in 2013 he became CEO and member of the board of Hanner Group OU, the holding company of Hanner group of companies. He thus became directly responsible for all company activities with special focus on Latvian and Romanian projects.

Silviu Grigorescu has been part of the Hanner team on the local market for more than 10 years. He held the CEO position throughout the duration of more than three years, while working to implement all the administrative aspects of THE PARK project and the early stages of Fosta Fabrica, for transaction, permitting and team selections.

“I gained a valuable experience in real estate alongside a very young team. I am eager to use this experience in new personal projects, while also working actively as a Hanner Romania team member. I am proud to have contributed to innovative developments and I am looking forward to continue my work with Hanner,” said Grigorescu.

Hanner Romania has recently finalized sales for the residential project THE PARK, 460 apartments and amenities, a project worth over EUR 40 million of investment. Subsequently, Hanner has started construction works for a mixed-use bold development, consisting of four monuments, new buildings and public spaces, in an effort to restore and convert the former Grivita Beer Factory.

Hanner Group OU investments in Romania amount to over EUR 100 million. Currently all efforts are focusing on the beer factory restoration, called FOSTA FABRICA, but the company is still on a lookout for new investment opportunities. Hanner Group is present on markets such as Lithuania, Latvia, Romania, Ukraine, Russia and Belarus.