Issue link: https://maltatoday.uberflip.com/i/1426475
maltatoday | SUNDAY • 7 NOVEMBER 2021 15 COMMERCIAL Open week at Frank Salt Real Estate's Marsascala branch for property buyers and vendors PROPERTY buyers have some extra treats coming their way if they purchase a property through the Marsascala Open Week coming up between Thursday 11 and Sunday 14 November, including return trips to Sicily and weekend breaks at some of Malta's finest hotels. What's more, all those who register their interest to buy or sell property during the open house will also stand to win a €300 travel voucher, with complements of Frank Salt Real Estate's Marsascala branch. During the 4-day event, the Marsascala branch consult- ants will also be showcasing a superb selection of good value properties, including 2-bed- room apartments starting from €165,000, penthouses from €155,000, house of character from €225,000 and rental in- vestments from €165,000. Vendors are also in for a treat, as should they register their property for sale dur- ing the open house and Frank Salt Real Estate successfully sells their property, they will receive a one-off €100 vouch- er to be spent on home fur- nishings and household goods from The Atrium. People will also have the opportunity to get further guidance on how to avail of the latest property incentives announced during the Malta Budget and discover the offers Frank Salt Real Estate is offering to first and second time buyers. Interested par- ties can simply show up at the Marsascala branch, or they can prebook their appointment on- line at www.franksalt.com.mt/ ow or by calling on 7970 1900. More information and terms and conditions pertaining to the offers can also be found on- line. The open week will run at the Marsascala branch between Thursday 11 November and Saturday 13 November from 10:00am to 10:00pm and on Sunday 14 November between 10:00am and 1:00pm. Entranc- es on Triq Sant Anna and Triq il-Marina, Marsascala. Hili Properties plc launches Initial Public Offering of 185 million ordinary shares HILI Properties plc, the stra- tegic real estate investment subsidiary of Hili Ventures, is launching an Initial Public Of- fering of more than 185 million ordinary shares having a nomi- nal value of €0.20 per share on November 4. The shares will be listed on the Malta Stock Ex- change. This Equity Issue, the pro- ceeds of which are expected to amount to up to €50 million, is aimed at fulfilling the objec- tives of Hili Properties to grow its asset portfolio by investing in commercial real estate with long-term appreciation poten- tial, extend its footprint to ad- ditional European countries, and ultimately increase returns to shareholders. Hili Properties' portfolio, an asset base currently valued at €115 million, comprises six grocery-anchored shopping centres across Latvia's capital Riga; a private hospital in Bu- charest, Romania; 11 proper- ties housing restaurants in key commercial districts in Esto- nia, Latvia, Lithuania, Malta and Romania; and three ded- icated business blocks and of- fice space in Sliema, Marsa and Floriana. Its tenants include Premier Restaurants, Swedish-owned supermarket giant Rimi, and Norwegian newsagent/con- venience chain Narvesen. The company is currently in ad- vanced discussions over two acquisitions – a newly built in- dustrial property in Lithuania tenanted to an international brand and another property in Warsaw hosting a top DIY re- tail operator. Hili Properties plc is offering for sale a total of 158,158,158 new ordinary shares. The issue price is €0.27 per ordinary share which repre- sents a 7% discount on the €0.29 per share value. It is an- ticipated that Hili Properties plc will distribute a 4% net dividend based on the offering price of €0.27. Information and documen- tation, including the prospec- tus and application forms, are available at www.hiliproper- ties.com/ipo or from authorised financial intermediaries. The offer closes on November 26, 2021. The shares are expected to start trading on the Malta Stock Exchange on December 16, 2021.