Analytics, Financial Services, Funds, Good for Business, Investments, Real Estate

International Internet Magazine. Baltic States news & analytics Saturday, 20.04.2024, 13:53

Investments in commercial property in Latvia reach EUR 341.3 mln last year

BC, Riga, 16.01.2017.

Last year investments in commercial real estate property in Latvia for the fourth consecutive year exceeded EUR 300 mln, Colliers International consultancy informed BC.

Total investments in commercial property in Latvia reached EUR 341.3 mln last year compared to EUR 394.4 mln in 2015.

This amount includes only commercial property worth over EUR 0.4 mln that has been purchased for rent. Investments in development objects and land properties reached additional EUR 82 mln.

The biggest activity was observed in the trade segment, followed by office segment. In 2016 most active investors were EfTEN Capital and Norther Horizon Capital. Also, new investors entered the market, the biggest of them was international investment fund Lone Star.

The two largest investments were Riga Plaza shopping mall purchased by Lone Star from Diksna company, and Domina Shopping acquired by EfTEN Kinnisvarafund II from KanAm Grund.

The TOP 10 investments in 2016 accounted for EUR 281 mln.

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Editor's note

«The Baltic Course» Is Sold and Stays in Business!
This is it, my friends! It happened! We finally found someone willing to take over and continue our business. In the year of our 25th anniversary, in June – precisely the month the first ever issue of The Baltic Course was released, our media project has found its new owner.