Hili Properties plc - Conclusion of Acquisition in Lithuania
On 20 January 2022, Hili Properties plc announced that it concluded the acquisition of a 50,000 sqm land plot in Lithuania’s largest free economic zone for €20.85 million. The property houses a 19,000 sqm factory which has been leased to REHAU Production which is a leading provider in the construction, automotive and industrial industries. Following this transaction, the value of the company’s property portfolio increased to €135 million whilst the total leasable area increased to 90,000 sqm across 23 properties. Meanwhile, Hili Properties also noted that the acquisition of the planned commercial property located in Warsaw, Poland, did not materialise.