Hili Properties plc - Sale of Properties
On 24 June 2022, Hili Properties plc announced that it entered into sale agreements for three of its real estate shopping centres located in Riga, Latvia. Two of these agreements are in progress whilst the remaining agreement has been concluded.
Hili Properties noted that these sales are in line with its strategy to optimise its portfolio and achieve greater capital efficiency, ensuring positive returns for its shareholders and investors. Hili Properties added that it continues to pursue its mission to grow its portfolio by acquiring high potential assets in key cities and locations in Europe.