Hili Company Continues To Spread Its Wings Globally

2nd May 2019

Mariner Logistics, a Hili Company subsidiary, has acquired Elipse BLC for €20.3 million.

Mariner Logistics, a Hili Company subsidiary, has acquired Elipse BLC for €20.3 million. Strategically located in the Riga International Airport territory, Latvia, Elipse is a state-of-the-art business and logistics complex. Of its 31,000 sqm, 27,000 sqm are dedicated to warehousing and the rest to offices and conference rooms.

Currently operating at full capacity, Elipse’s facilities are used by clients as a distribution centre for goods such as pharmaceuticals, beverages and furniture destined for the Baltic States, Russia and Central Asia. Apart from its direct connection to airline transport networks, the facility benefits from excellent road connections to Riga’s city centre, its port as well as national highways linking it to key cities in Latvia.

Mariner Logistics, a Hili Company subsidiary, has acquired Elipse BLC for €20.3 million.

At the cutting edge of the sector, the facility uses energy efficient solar technology. The buildings themselves are equipped with solar walls which reduce energy consumption and improve indoor air quality. In addition, the solar walls secure a comfortable temperature in the working areas and reduce the consumption of fuel. Elipse is also equipped with refrigeration chambers which allow for temperature-controlled areas.

Edward Hili, Executive Director, Hili Company comments: “Our firm has been present in Latvia since 1996 through its container terminal operation, Baltic Container Terminal. This acquisition, with an investment of over €20 million, will consolidate our roots in Latvia and the Baltic states in the shipping and logistics sectors. We are confident that prospects are very encouraging in all respects. In fact we have plans in place to expand Elipse by around 30 per cent, adding a further 9,600 sqm facility at the same location.”


7th May 2019

The books aim to demystify company law for today’s practitioners and students.

29th April 2019

As Outdoor Living celebrates 15 years of providing exceptional teambuilding activities for organisations across Malta, some of their clientele look back on their experiences and share how Outdoor Living energised, motivated and inspired their teams towards greatness.

29th April 2019

For its first female leader in the country, Nestle has chosen an executive manager with a diverse and international background.

24th April 2019

The Unsecured Callable Bond, which forms part of Prospects MTF, was snapped by over 500 investors who will benefit from a five per cent return between 2026 and 2029.