Real Estate

International Internet Magazine. Baltic States news & analytics Saturday, 23.08.2014, 00:38

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Estonian Pro Kapital saw results weaken in H1

Estonian Pro Kapital saw results weaken in H1

22.08.2014

Estonian real estate developer Pro Kapital informed the Tallinn stock exchange its total revenue for the first six months of this year was 5.9 mln EUR, a decrease of 10% compared to the reference period while the loss grew, informs LETA.

Keyword tags: Baltic, Estonia, Investments, Real Estate



New York Times refers to Rundale Palace as "Latvian Versailles"

New York Times refers to Rundale Palace as "Latvian Versailles"

21.08.2014

The U.S. magazine New York Times admires Latvia's Baroque-style Rundale Palace, calling it the "Latvian Versailles", cites LETA.

Consolidated equity of Lithuanian INVL Baltic Real Estate was EUR 14 mln in H1

Consolidated equity of Lithuanian INVL Baltic Real Estate was EUR 14 mln in H1

20.08.2014

Consolidated equity, INVL Baltic Real Estate, the company investing into real estate, was equal to LTL 49.443 million (EUR 14.32 million) or LTL 7.02 (EUR 2.03) per share at the end of the first half of 2014, reports LETA/ELTA, referring to the company’s statement.


Victims of Zolitude Tragedy: 12-floor apartment house should be torn down

Victims of Zolitude Tragedy: 12-floor apartment house should be torn down

20.08.2014

Victims of the Zolitude Tragedy feel that every entity surrounding the site, including the adjacent 12-floor apartment house, should be torn down and replaced with a memorial, as "Zolitude 21/11" association's representative Regina Locmele informed the press yesterday, cites LETA.

Turnover of Latvian companies operating in lodging industry grows by 14.27% since 2011

Turnover of Latvian companies operating in lodging industry grows by 14.27% since 2011

18.08.2014

The average turnover of Latvian companies in the lodging industry has grown by 14.27% since 2011, according to information provided by Lursoft, cites LETA/Nozare.lv.

17.08.2014

Maxima to begin demolishing remains of collapsed supermarket in Zolitude on Monday

Retail company Maxima Latvija plans to start demolishing the remains of the collapsed supermarket in Zolitude on August 18, Maxima Latvija spokesman Janis Beseris informed the business portal Nozare.lv, cites LETA.

15.08.2014

Works of construction enterprises in Lithuania increased by 16.8% in Q2

Statistics Lithuania informs that in II quarter 2014, against II quarter 2013, the volume of construction work carried out increased by 16.8% and amounted to LTL 2.2 billion. The construction work carried out within the country accounted for 94% (LTL 2.1 billion) of the total construction work, outside the country – 6% (LTL 132 million).

15.08.2014

In Q2, number of building permits issued decreased by 10.1% in Lithuania

Statistics Lithuania informs that, based on the data from the Building Permits and State Construction Supervision Information System the Republic of Lithuania (IS) Infostatyba, in II quarter 2014, against II quarter 2013, the number of building permits issued decreased by 10.1%, of which for the construction of residential buildings – by 9.5%.

14.08.2014

Construction shows stable growth in Latvia in H1

The latest data compiled by the Central Statistical Bureau of Latvia show that, in the first half of 2014, construction output volume at current prices accounted for EUR 680.4 million, of which in the 2nd quarter – EUR 426.1 million, over the year increasing by 15.8%.

13.08.2014

Mayor: Jurmala ready to buy Kemeri Sanatorium

Jurmala Mayor Gatis Truksnis (Greens and Farmers' Union) is surprised that no one applied for the repeated auction of Kemeri Sanatorium – again, as Truksnis said in an interview with the Latvian Radio, cites LETA.

07.08.2014

Arco Vara posts a loss in Q2 posts a loss in Q2

Estonian real estate developer Arco Vara informed the Tallinn stock exchange that the group’s net loss amounted to 0.4 million euros in the second quarter of 2014 while in the second quarter of 2013, the net profit was 1.5 million euros, informs LETA.

06.08.2014

Average Estonian real estate price fell in July

The weighted average price of a square metre of apartment space in Estonian towns fell by 3.3% in July, Äripäev Online cites the Pindi Index, informs LETA.

01.08.2014

Martins Tols appointed head of "Valsts nekustamie ipasumi"

Martins Tols, former director of the State Revenue Service's Customs Administration, has been appointed chairman of the board at the state-owned joint-stock company "Valsts nekustamie ipasumi" (State Real Estate, VNI), informs LETA.

31.07.2014

300 apartment-blocks will be renovated in Lithuania until 2015

Until the end of 2014 it is expected to renovate 300 apartment-blocks, 13,500 households will be provided with state support to renovate these apartment-blocks, informs ELTA/LETA.

30.07.2014

Roof collapses on apartment building in Riga

Overnight in the Riga suburb of Mezciems, a roof collapsed on an apartment building, informs LETA reffering to the State Fire and Rescue Service.

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