Hili Properties, the property management subsidiary of Hili Ventures, has acquired nine retail complexes in Latvia, adding 27,000 square metres to its international commercial real estate portfolio.

Hili Properties holds and manages a strategic collection of commercial property for lease in Latvia, Lithuania, Estonia and Malta.

The retail centres accommodate up to 30 regional and local tenants, and occupy footprints ranging from 950 square metres to 4,150 square metres. Most are 100 per cent occupied.

Five of the complexes are situated in key locations in the capital Riga, two in Latvia’s second largest town Daugavpils, and one each in Tukums and Aizkraukle.

“These properties, some of which are landmarks in their own right, display significant untapped potential and will benefit from renewed investment,” Hili Properties chairman Margrith Lutschg-Emmenegger said.

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