Real Estate

International Internet Magazine. Baltic States news & analytics Wednesday, 22.02.2017, 08:07

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Municipal water supplier sells HQ in Vilnius' Old Town for EUR 3.9 mln

Municipal water supplier sells HQ in Vilnius' Old Town for EUR 3.9 mln

21.02.2017

The municipal water supplier Vilniaus Vandenys (Vilnius Water) sold its headquarters in Vilnius' Old Town to the Danish-owned property developer Asgaard Property for 3.9 mln euros in an auction on Tuesday.

Keyword tags: EU – Baltic States, Good for Business, Lithuania, Markets and Companies, Real Estate



UPB and Re&Re the only construction companies that meet requirements for building Liepaja Prison

UPB and Re&Re the only construction companies that meet requirements for building Liepaja Prison

20.02.2017

The only Latvian construction companies that at the moment meet the requirements on companies that want to apply for building a new prison in Liepaja are the joint-stock company UPB and Re&Re, both in terms of turnover and having the industrial security certificate, as LETA has found out.

The number of building permits issued and new buildings completed increased in Lithhiania

The number of building permits issued and new buildings completed increased in Lithhiania

17.02.2017

Statistics Lithuania informs that, based on the data from the Building Permits and State Construction Supervision Information System of the Republic of Lithuania (IS) Infostatyba, in IV quarter 2016, against IV quarter 2015, the number of building permits issued increased by 13.8%, of which for the construction of new residential buildings – by 27.9%.


Health Inspectorate says new Stradins Hospital wing ready to be put in operation

Health Inspectorate says new Stradins Hospital wing ready to be put in operation

17.02.2017

The Health Inspectorate has concluded after inspecting the new wing of Pauls Stradins Clinical University Hospital that the new facility may officially open as the past faults ascertained at the building have been solved, as the inspectorate told LETA.

FY net profit of Estonia's Merko Ehitus falls 39% to EUR 6.1 mln

FY net profit of Estonia's Merko Ehitus falls 39% to EUR 6.1 mln

09.02.2017

The net profit of the listed Estonian builder Merko Ehitus, which also ownes Latvian company Merks, contracted 38.8% year on year to 6.1 mln euros in 2016, while revenue grew 0.4% to 252 mln euros, reports LETA/BNS.


08.02.2017

Criminal process opened over failure to enforce security requirements in Saeima building

A criminal process has been opened on failure to observe security requirements in the parliament building, as Prosecutor General Eriks Kalnmeiers told Saeima National Security Committee today reports LETA.

08.02.2017

Realtor: Tallinn property prices have risen to boom-era levels

Even though developers retain a conservative posture, the real estate market of Tallinn was rather active last year and prices rose to the levels of the boom years of 2006-2007, realtor Uus Maa said LETA/BNS.

08.02.2017

Estonian president's office doesn't want residence set up at Liberty estate

The Office of the President has decided to abandon the plan tabled during the tenure of Toomas Hendrik Ilves to renovate the seaside Liberty estate in the Tallinn suburb of Rocca al Mare for more than four million euros to serve as the residence of the head of state, informs LETA/BNS.

03.02.2017

Swedish owner puts former Tallinn central post office building up for sale

The Swedish property investor Claesson & Anderzen AB has put the building of the former central post office of Tallinn up for sale along with several other properties in the Estonian capital as part of a plan to relocate its investments to Germany, writes LETA/BNS according to Postimees information.

03.02.2017

Upkeep of empty apartments costs EUR 1 mln annually

Municipalities in Estonia spend to the tune of one million euros per year to maintain empty apartments, and since municipalities have the right to relinquish title to individual items of property, this cost may soon have to be incurred by the state, Auditor General Allar Karis said LETA/BNS.

03.02.2017

Chinese company buys Linxtelecom's Tallinn center and Baltc Sea cable

The Chinese company Citic Telecom has finalized the acquisition of the telecommunication business of Linx Telecommunications B.V., which includes Linx's 470 kilometer submarine fiber network in the Baltic Sea and its network operations centers in Moscow and Tallinn, Estonia, reports LETA/BNS.

03.02.2017

Estonian property market may be prone to burst

Recent developments indicate that the Estonian property market may be in a danger of bursting, real estate developer Urmas Soorumaa said LETA/BNS.

01.02.2017

Lithuanian govt approves easing of requirements for farmland buyers

In light of the EU Commission's infringement procedure against Lithuania, the government on Wednesday approved amendments lifting the requirement for agricultural land buyers to qualify as farmers or have farming experience, writes LETA/BNS.

01.02.2017

Property transactions in Riga down 23% in January

During the first month of this year, the number of property transactions in Riga fell 23 percent from the same month a year ago, Aigars Zarins, CEO of Balsts real estate company, told LETA,

31.01.2017

Arcers to reconstruct Adazi military base's garage complex

Company Arcers will reconstruct the Adazi military base's garage complex for EUR 27,146,515; after reconstruction the complex will be used for the parking and maintenance of the National Armed Forces and NATO armored vehicles, reports LETA/BNS.

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