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Lithuanian tycoon's firm will develop a commercial and residential quarter in Riga
BC, Vilnius, 25.12.2017.
Print version
Print versionM.M.M. Projektai, a real estate development company controlled by Lithuanian businessman Nerijus Numavicius, intends to start developing a commercial and residential quarter in the Latvian capital Riga, planning to invest over 150 million euros, informs LETA/BNS.
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"We will develop a mixed-function quarter with commercial and
residential buildings in Riga," Natalija
Monkeviciene, CEO of M.M.M. Projektai,
said in a press release.
M.M.M. Projektai purchased the land site on Daugavgrivas Street in Vilnius from Akropolis Group, a company owned by one
of Lithuania's largest business groups Vilniaus
Prekyba (Vilnius Trade).
The construction should not open before 2019.
Akropolis Group is currently developing a 200 -million-euro Akropole mall project in Riga. The construction should be completed
in January of 2019.
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