Real Estate

International Internet Magazine. Baltic States news & analytics Wednesday, 21.11.2018, 22:37

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Singapore's Grinvest PTE, partners buy Snoras HQ building in Vilnius

Singapore's Grinvest PTE, partners buy Snoras HQ building in Vilnius

21.11.2018

Grinvest PTE, a Singapore-registered company, and its partners have bought the former headquarter building of Lithuania's bankrupt bank Snoras in central Vilnius, according to the Lithuanian Center of Registers, informed LETA/BNS.

Keyword tags: Good for Business, Lithuania, Real Estate



LPB buys Baata shopping mall in Liepaja for EUR 2.4 mln

LPB buys Baata shopping mall in Liepaja for EUR 2.4 mln

16.11.2018

Joint-stock company LPB, which owns part of Top! and Mini Top! chain stores and the XL Sala shopping mall in Liepaja, has acquired another shopping mall in Liepaja, Baata, for EUR 2.4 mln, as Daiga Feldmane, head of the company's administrative department, told LETA.

Latvia’s Education Ministry refuses to lift status of national sports complex for part of Bikernieki racetrack that belongs to three Latvian mlnaires

Latvia’s Education Ministry refuses to lift status of national sports complex for part of Bikernieki racetrack that belongs to three Latvian mlnaires

13.11.2018

The Education and Science Ministry of Latvia has turned down three private landlords' request that the government review a series of documents on lifting the status of a national sports complex for part of Bikernieki Racetrack that belongs to the three landlords, informs LETA.


Tallinn eyeing 76 mln euros joint building for city authorities

Tallinn eyeing 76 mln euros joint building for city authorities

13.11.2018

The City of Tallinn has set its sights on selling all its current office buildings and having a brand new complex built for 800 jobs of the city in the area of the Linnahall arena and the passenger port for 76 mln euros, informs LETA/BNS/Postimees.

Apartment prices in Soviet-era houses in Riga unchanged in October 2018 – association

Apartment prices in Soviet-era houses in Riga unchanged in October 2018 – association

12.11.2018

In October 2018, apartment prices in Soviet-era standard design houses in Riga's residential neighborhoods remained unchanged from September, according to the housing market price indicator drawn up by the Latvian Real Estate Association (LANIDA), cities LETA.


12.11.2018

Profit of Baltic Horizon Fund grows 31% in Q3 2018

The profit of the real estate fund Baltic Horizon Fund grew 31% on year to 2.2 mln euros in the third quarter of 2018, informs LETA/BNS.

09.11.2018

Average price of Soviet-time apartments in Riga unchanged in October - Arco Real Estate

In October 2018, apartment prices in Soviet-era buildings in Riga remained unchanged compared to the previous month and climbed 3.5% from the beginning of 2018, Arco Real Estate said in its latest property market review, citing LETA.

09.11.2018

Estonia: T1 Mall of Tallinn cost 10% more than planned

The brand new T1 Mall of Tallinn shopping and entertainment center that will partially open in Tallinn Friday cost approximately 80 mln euros to build, around 10% more than planned, the developer says LETA/BNS.

08.11.2018

Estonia: Redgate Capital partners up with Newsec, adopts Newsec brand

The Baltic investment banking company Redgate Capital and the international real estate consulting company Newsec have signed a partnership agreement to jointly offer real estate services to clients in Estonia, Latvia and Lithuania under the Newsec brand, informed LETA/BNS.

08.11.2018

Tsarist-era prison in Riga to be closed

Brasa Prison, which was built in Riga during the Tsarist era, will be closed in order to save budget money and improve public security, Ilona Spure, head of the Latvian Prison Administration, said at a news conference Thursday.

08.11.2018

Estonian Nordecon's Q3 net earnings drop by quarter

The revenue of the listed Estonian construction group Nordecon in the third quarter of this year decreased by 13.3% y-o-y to 61.9 mln euros and net profit dropped 25.9% to 2.7 mln euros, informed LETA/BNS.

07.11.2018

Estonian real estate companies predict decrease in number of transactions

The real estate market will ease in the near future, most of all when it comes to the number of transactions, informs LETA/BNS referring to the board member of the Association of Real Estate Companies of Estonia.

07.11.2018

Prana Property and Riga City Council at odds about what to do with Priedaines 20 where Maxima supermarket collapsed in 2013

Estonian property development company Prana Property is currently not ready to accept the Riga City Council's offer to buy the Estonian company's share in a property at 20 Priedaines Street in Riga's Zolitude neighborhood, where a Maxima supermarket collapsed in November 2013, informs LETA referring to Olegs Burovs, head of the Riga City Council's Property Committee.

07.11.2018

European investors look for a mix of healthy occupier markets and new asset classes as the sector edges towards end of the cycle

The hunt for secure long-term income is driving European real estate investment as the industry hedges against potential interest rate rises and an uncertain geopolitical backdrop, according to Emerging Trends in Real Estate® Europe 2019.

05.11.2018

Estonia: Avg price of Tallinn apartments up 6 pct on year in October

The average price per square meter of apartments in Tallinn rose 6 percent on year to 1,874 euros in October, according to the figures available from the Estonian Land Board writes LETA/BNS.

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