Real Estate

International Internet Magazine. Baltic States news & analytics Sunday, 25.08.2019, 08:33

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ReRe Buve 1 wants to reach settlement with VNI and resume reconstruction of New Riga Theater

ReRe Buve 1 wants to reach settlement with VNI and resume reconstruction of New Riga Theater

23.08.2019

General partnership ReRe Buve 1, the company hired to reconstruct the New Riga Theater building, is offering a settlement to the state real estate management company Valsts Nekustamie Ipasumi (VNI) and a solution so reconstruction of the theater could resume and be completed by March 31, 2022, LETA learned during a meeting between the representatives from the company and VNI.

Keyword tags: Construction, Latvia, Real Estate



Achema Group's shareholder plans to invest EUR 20 mln into apartments in Lithuania's Nida

Achema Group's shareholder plans to invest EUR 20 mln into apartments in Lithuania's Nida

23.08.2019

Dao Family, an investment company owned by the family of Tautvydas Misiunas, a minority shareholder of Achema Group, plans to reconstruct an apartment complex and also provide hotel services, informed LETA/BNS.

Estonia: Rocca Investments to reconstruct Rocca business center for EUR 4 mln

Estonia: Rocca Investments to reconstruct Rocca business center for EUR 4 mln

22.08.2019

Rocca Investments AS, a company of the entrepreneur Sonny Aswani, is investing close to four mln euros in reconstructing the Rocca commercial building located at 96 Paldiski Road in Tallinn, with the first shops to open already in December, Urmas Reimand, a representative of Rocca Investments, informed.


Estonia: Mitt & Perlebach to build business center in Tallinn's Tselluloos quarter

Estonia: Mitt & Perlebach to build business center in Tallinn's Tselluloos quarter

21.08.2019

The Estonian construction company Mitt & Perlebach has signed with Fausto Capital a contract as main contractor to complete the Fahle Park business park in 2020; the project represents an investment of close to 18.5 mln euros excluding VAT, reported LETA/BNS.

H&M Home has now opened in Galleria Riga

H&M Home has now opened in Galleria Riga

19.08.2019

H&M have updated the concept to a new level and are now also selling furniture and opening stand-alone H&M Home store, informed Galleria Riga representative.


19.08.2019

Estonian public broadcaster: We got more for Tuisu properties than expected

Although AS Merko Ehitus Eesti, subsidiary of listed construction group Merko Ehitus, got the Estonian public broadcaster ERR's properties on Tuisu and Tervise streets in Tallinn's Kristiine district for one mln euros less than initially offered, ERR administrative director Janar Vilde said this still exceeds the estimated value more than two times, informed LETA/BNS.

14.08.2019

VNI state property manager to unilaterally take over construction site of New Riga Theater

Valsts Nekustamie Ipasumi (VNI), the state-owned company in charge of managing state properties, will unilaterally take over the construction site of the New Riga Theater, Ojars Valkers, head of the company’s legal department, informed LETA.

12.08.2019

Spanish architects' idea named best in Vilnius concert hall competition

Spain's Arquivio Architects tops the ranking of best architectural ideas at an international competition for a national concert hall on the Lithuanian capital's Tauras Hill, Vilnius Municipality said LETA/BNS,

12.08.2019

Estonia: Eften Real Estate Fund III sees revenue increase, profit decline on month in July

Eften Real Estate Fund III net profit declined from 1.7 mln euros in June 2019 to 429,000 euros in July, the fund's sales income for last month grew 2% month on month to 784,000 euros, reported LETA/BNS.

12.08.2019

Merks to reconstruct Riga Technical University faculty building for EUR 12 mln

SIA Merks, part of the listed Estonian construction group Merko, and Riga Technical University have entered into the contract for the reconstruction of the university's civil engineering faculty located in Riga, Merko told the stock exchange.

09.08.2019

Piche developer to build industrial Green Park next to Riga Airport

Latvia’s Piche developer has purchased a land property for more than EUR 2 million next to Riga International Airport for building Green Park, a complex of storehouses, production plants and office buildings, the company informed BC.

08.08.2019

Estonian realtor: Avg price of Tallinn apartments to remain around EUR 2,000 per sq m

The manager of 1Partner Kinnisvara real estate company, Martin Vahter, said that the average price per square meter of Tallinn apartments will remain at around 2,000 euros, reported LETA/BNS.

07.08.2019

British Airways, Siemens, and Monese Choose Vilnius As Their Next Destination

hree international companies, Monese, British Airways, and Siemens were recently selected as the winners of the 2019 Workation Vilnius programme. First launched in 2018, the programme gives international businesses the opportunity to win a week-long workation in the Lithuanian capital.

07.08.2019

Apartment prices in Soviet-era standard design houses in Riga up 2.6% in 2019 - Arco Real Estate

In July this year, apartment prices in Soviet-era standard design houses in Riga rose 0.4% against June and climbed 2.6% from the beginning of the year, Arco Real Estate said in its latest report on the market of standard-design apartments, writes LETA/BNS.

05.08.2019

EfTEN Real Estate Fund 4 acquired shopping and business centers in Kaunas

EfTEN Real Estate Fund 4, a fund managed by EfTEN Capital AS, the largest commercial real estate fund management company in the Baltics, acquired the shopping center River Mall and business center River Hall in Kaunas, Fund`s representative informed BC.

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