Hili Properties plc - Acquisition of Property in Lithuania

On 19 November 2021, Hili Properties plc announced that it signed a preliminary agreement with YIT Lietuva for the acquisition of a production plant located in the Klaipėda Free Economic Zone, Lithuania. The 19,000 sqm factory sits on a site measuring 55,000 sqm and was designed and built according to the needs of the tenant – the Rehau Group, which is a multinational company with operations in the construction, automotive and industrial segments. Hili Properties noted that this latest agreement fits in with its strategy to diversify its portfolio and tenant mix, whilst ensuring solid, long-term investment.