Hipi Properties acquires shopping centre in Latvia
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Hipi Properties acquires shopping centre in Latvia

Hili Properties has acquired SIA Tirdzniecibas Centrs Dole, the owner and operator of a shopping centre Dole, in Riga, Latvia.

In a notice on the Malta Stock Exchange the company said that as a result of the agreement, SIA Premier Estates Ltd took sole and exclusive ownership of a three-storey shopping centre Dole in the Ķengarags residential district, servicing more than 60 tenants, and with a total leasable area of 8,000 square metres.

Through the agreement, the company has extended its commercial real estate portfolio in Latvia.

The property has significant potential to attract additional tenants and maintain the excellent relations in place with the existing tenants.

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