Real Estate

International Internet Magazine. Baltic States news & analytics Tuesday, 24.01.2017, 07:09

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MG Valda to invest EUR 14 mln in Apranga's new office and logistics center in Vilnius

MG Valda to invest EUR 14 mln in Apranga's new office and logistics center in Vilnius

23.01.2017

Apranga, the Baltics' leading clothing retailer that is controlled by MG Baltic, is building a new office and logistics center in the northern part of Vilnius, close to the city's new western bypass, with MG Valda, the developer of the Vilnius Business Park where the center will be located, set to invest 14 mln euros in the project, writes LETA/BNS.

Keyword tags: Baltic, Good for Business, Investments, Logistics, Markets and Companies, Real Estate



Merko launches apartment house development project in Vilnius

Merko launches apartment house development project in Vilnius

23.01.2017

UAB Merko statyba, a company of Merko Ehitus group, has started construction work on the Rinktines Urban residential development project in central Vilnius.

Ventspils municipality to borrow EUR 435,000 for project of multifunctional innovation center

Ventspils municipality to borrow EUR 435,000 for project of multifunctional innovation center

22.01.2017

The Ventspils city council in northwestern Latvia will borrow EUR 435,000 for the construction project of a multifunctional innovation center, LETA learned from the council.


Rimi Baltic retailer to announce EUR 75 mln logistics center project

Rimi Baltic retailer to announce EUR 75 mln logistics center project

18.01.2017

Rimi Baltic retail company is set to announce next week a new project providing for construction of a logistics center for EUR 75 mln, the company's representatives said LETA.

Estonian businessman Oleg Ossinovski invests EUR 7.8 mln in Porto Franco

Estonian businessman Oleg Ossinovski invests EUR 7.8 mln in Porto Franco

18.01.2017

A new investor of the multifunctional Porto Franco complex in the Estonian capital's harbor area is businessman Oleg Ossinovski who has signed a contract for the establishment of a mortgage worth 7.8 mln euros for the plots, according the weekly Eesti Ekspress reports informs LETA/BNS.


16.01.2017

Investments in commercial property in Latvia reach EUR 341.3 mln last year

Last year investments in commercial real estate property in Latvia for the fourth consecutive year exceeded EUR 300 mln, Colliers International consultancy informed BC.

09.01.2017

Park Inn by Radisson Valdemara Riga opens in Latvia

Park Inn by Radissontoday announces the opening of a new, 178-room hotel in Riga. The Park Inn by Radisson Valdemara, Riga, the latest addition to The Rezidor Hotel Group’s portfolio, is located at the entrance of the Old Town.Just, a company representative told BC.

09.01.2017

Supply of apartments for sale in Riga down 20.7% in December

Like in previous years, the overall supply of apartments for sale in Riga plunged in December 2016, dropping by 20.7% from the previous month, Arco Real Estate said in its latest housing market review.

05.01.2017

First round of Mezaparks Grand Stage reconstruction to cost EUR 23 million

The estimated cost of the first round of Mezaparks Grand Stage reconstruction has increased to EUR 23 million, while spectator capacity is to increase to 30,000, as Austris Mailitis and Juris Poga, the authors of the reconstruction project, said LETA during a presentation of the project today.

05.01.2017

Merks starts Gailezera Nami residential development project in Riga

Latvian construction company Merks has started a residential development, Gailezera Nami, in Mezciems area in Riga, Estonia's Merko Ehitus, the parent company of Merks, said in a statement to the Tallinn stock exchange.

04.01.2017

Property prices likely to climb 6-7% this year

- The growth of the Latvian real estate market, which started over the past couple of years, should continue also in 2017, with property prices likely to climb by 6-7%, Aigars Zarins, CEO of Balsts real estate company, told LETA.

27.12.2016

Pillar Investment Group renamed to New Hanza Capital

Completing the reorganization of Pillar Investment Group, which is part of ABLV Bank’s real estate development and trade group Pillar, its name has been changed to New Hanza Capital, the company’s representatives informed.

23.12.2016

Rimi-Iki deal shows Iki owners lack of interest in business - analysts

he decision taken by Sweden's ICA Gruppen, the operator of Rimi Lietuva grocery retail chain in Lithuania, to buy the Iki retail chain for 213 million euros may benefit consumers, however, the value is rather low, analysts say. In their words, the relatively low price of the transaction shows that Iki lost the competition battle and has lost interest to its owners, writes LETA/BNS.

23.12.2016

Iki's purchase will boost Rimi market share in Lithuania

Acquisition of the Iki grocery retail chain of 235 stores in Lithuania will make Rimi Lietuva the second-largest market player with nearly a fourth of the market, which will enable it to boost competition and offer lower prices for consumers, Rimi Baltic CEO Edgar Sesemann says LETA/BNS.

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