Hili Properties plc - Acquisition of Shopping Centre in Riga
On 28 March 2022, Hili Properties plc announced that it acquired a 7,863 sqm shopping centre located in Riga, Latvia, for a total consideration of €20 million. The property, which is built on 21,580 sqm of land, is situated in one of Riga’s most densely populated residential areas. Moreover, the shopping centre has been operational for fifteen years and has the benefit of an anchor tenant as well as other successful retail operators. Following this acquisition, the property portfolio of Hili Properties increased to a total value of €155 million spread over 98,000 sqm of leasable area across 24 properties.