Hili Properties plc - Sale of Retail Complex in Riga

On 20 February 2024, Hili Properties plc announced that it has concluded the sale of the retail complex centre located in Dzelzavas Street, Riga, Latvia for a total consideration of €7 million.

Hili Properties noted that the sale unlocks the value generated since the property was acquired in 2015 and subsequently redeveloped from the ground up. Furthermore, the sale is in line with the company’s strategy to optimise its portfolio and achieve greater capital efficiency, ensuring positive returns for its shareholders and investors.