A new and distinct cultivar of Hydrangea plant named ‘;Hokomagrevo’;, characterized by its compact, upright and somewhat outwardly spreading plant habit; moderately vigorous to vigorous growth habit and moderate growth rate; freely branching habit with strong and thick sturdy stems; freely flowering habit; compact mophead-type inflorescences with green, white and light purple-colored sterile flowers; and good postproduction longevity.