Hili Properties Company plc set to go public in upcoming Initial Public Offering

Hili Properties Company plc is set to go public in an upcoming Initial Public Offering (IPO), which is expected to see it issue 185,185,185 shares at €0.27 each, with a total value of €50 million. 
 
The company expects regulatory approval of its prospectus for this IPO to be received by October 25, 2021. 

A company presentation is available here.
  
Business overview 
Owning and managing a number of commercial real estate for lease in several of Europe’s most thriving cities and up-and-coming locations, including Malta, Estonia, Latvia and Romania, Hili Properties’ portfolio consist of business blocks and office space, grocery-anchored shopping centres, healthcare facilities, as well as property that houses the well-known McDonald’s restaurants.  
 
Operating a low-risk business model that avoids property development and instead focuses on investment, Hili Properties’ strategy centres on providing attractive, risk-adjusted total returns to shareholders that originate from stable yield, supported by its current portfolio’s long-term contracted cash flows and income growth.  
 
The group made €5.2 million in registered profits before tax during 2020 and had a portfolio size of €115.6 million as of the end of August 2021. 
 
Currently, Hili Properties is in advanced discussions to acquire a commercial property in Poland and an industrial property in Lithuania, which together will have a combined value in excess of €38 million.  
 
The company is expected to generate a strong cash flow over the coming years, with long-term lease contracts in place, which will enable it to adopt a generous dividend distribution policy. 
 

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Disclaimer 

The Initial Public Offering is subject to approval of its Application for Authorisation for Admissibility to Listing by the MFSA requesting the approval of the prospectus in relation to proposed public issue of the Shares by the issuer.  

This does not constitute an offer or solicitation to invest in shares of the Issuer in view that the Issuer await MFSA approval and it is being published for information purposes only following the Company Announcement issued by the Issuer on the 14 October 2021. 

Investors are reminded that the value of the investment can down as well as up and past performance is not necessarily indicative of future performance. Investing in shares may result in a loss of some or all of the capital invested. 

Approved for issue by Calamatta Cuschieri Investment Services Limited, which is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 386. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.