Real Estate

International Internet Magazine. Baltic States news & analytics Tuesday, 16.07.2019, 17:48

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Merko to build international college in Latvia for EUR 10.1 mln

Merko to build international college in Latvia for EUR 10.1 mln

12.07.2019

SIA Merks, part of the listed Estonian construction group Merko, has entered into a construction contract for the construction of an international college in Latvia, Pinki, Babite county, reported LETA/BNS,

Keyword tags: Construction, Education and Science, Estonia, Good for Business, Latvia, Real Estate



Supply of apartments in Riga down 4% in June - Arco Real Estate

Supply of apartments in Riga down 4% in June - Arco Real Estate

12.07.2019

In June this year, the supply of apartments in Riga dropped 4 percent from May, while in Riga's largest residential neighborhoods apartment supply was declined 5 percent, Arco Real Estate said in its latest housing market review.

First Hilton hotel in Latvia to open in Riga Old Town in fall

First Hilton hotel in Latvia to open in Riga Old Town in fall

11.07.2019

Apex Alliance Hotel Management plans to open the first Hilton hotel in Latvia at 25 Grecinieku Street in Riga this fall, the company’s representatives informed LETA.


Newsec: Available office space in Vilnius is set to double in coming years

Newsec: Available office space in Vilnius is set to double in coming years

10.07.2019

In recent years the average vacancy rate for offices in Vilnius has been about 3%, one of the lowest rates in Europe. The indicator’s remaining stably low for some time has led more and more real estate developers to focus on office expansion in Vilnius, and that means free office space in the Lithuanian capital will grow.

1st Hilton hotel opened in Vilnius

1st Hilton hotel opened in Vilnius

05.07.2019

Hilton Garden Inn, the first hotel of the Hilton chain, has been opened in central Vilnius on Friday, built by real estate developer Eika for 49 million euros and being part of the Live Square commercial and residential complex, informed LETA/BNS.


02.07.2019

Lukiskes prison in Vilnius to be officially closed

Lukiskes Remand Prison in central Vilnius will be officially closed on Tuesday, with the last 74 arrestees and inmates moved on Monday, informed LETA/BNS.

26.06.2019

Prosecution demands jail terms of 5-7.5 years in criminal case on Maxima supermarket cave-in

The prosecution in a criminal case on the collapse of a Maxima supermarket in 2013 has demanded jail terms of 5-7.5 years and a five-year ban to fill certain duties, reported LETA/BNS.

23.06.2019

Bulgarian jewelers in construction offer cooperation

MARISAN & KOLEV AD, a leading Bulgarian manufacturer of thermal insulation and hydro insulation systems for construction, high-quality construction mixtures, varnishing and painting materials (interior paints and primers, facade and decoration paints, primers, plasters, etc.) and decorative facade profiles offers cooperation to distributors and dealers from Lithuania, Latvia, Estonia, Sweden, Finland and Russia.

19.06.2019

Estonia and Latvia have the highest house prices increase in EU since 2010

House prices, including purchases of both new and existing houses and flats, have fluctuated significantly since 2006 with annual growth rates in the EU of around 8% in 2006 and 2007, followed by a fall of 4% in 2009 as a result of the financial crisis. Prices started growing again in 2014, informed Eurostat.

19.06.2019

Lithuania's Capitalica to invest over EUR 60 mln in 2 office buildings in Skanste

Lithuanian investment company Capitalica Asset Management plans to invest over EUR 60 mln in two new office buildings in Skanste neighborhood in Riga, LETA was told at the company.

12.06.2019

PM Karins promises to make sure property tax does not climb too steeply

As the government decides on changing the cadastral values of real estate and consequently also property taxes, Prime Minister Krisjanis Karins (New Unity) is determined to make sure the rise of property taxes is not too steep,the premier said in an interview to LNT TV channel.

11.06.2019

Estonia’s Hestia takes over operation of Radi Un Draugi hotel in Riga

Estonia’s Hestia Hotel Group (Hestia) has taken over operations of Radi Un Draugi holtel in Old Riga, Hestia representatives reported LETA/BNS,

11.06.2019

Finnish subsidiary of Nordecon Betoon signs EUR 7.6 mln construction contract

A Finnish subsidiary of Nordecon Betoon OU belonging to the listed Estonian construction group Nordecon, has signed a 7.6-million-euro contract for the building of concrete constructions of Raitinkartano shopping center in Espoo, Finland, Nordecon told the stock exchange.

11.06.2019

Estonia: Merko buys real estate development area in Lithuania for EUR 13 mln

UAB Merko Bustas, part of the listed Estonian construction group Merko Ehitus, bought for 13 mln euros a real estate development area in Vilnius spanning 13 registered immovables, Merko told the stock exchange.

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