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Wednesday, 22.02.2017, 08:07
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
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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.
Recent developments indicate that the Estonian property market may be in a danger of bursting, real estate developer Urmas Soorumaa said LETA/BNS.
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.
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,
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.