International Internet Magazine. Baltic States news & analytics
Sunday, 23.10.2016, 14:57
SIA Merks, Latvian subsidiary of the listed Estonian construction group Merko Ehitus, is slated to start building a seven-story apartment building in Riga in October, Merko informed the stock exchange .
Keyword tags: Construction, Estonia, Financial Services, Good for Business, Latvia, Real Estate
Demographic trends are going to have the most significant impact on the Baltic real estate market in following years, Morten Hansen, the head of the Economics Department at the Riga Faculty of the Stockholm School of Economics, said at the Baltic Real Estate Leaders Forum today.
The listed Estonian electrical equipment maker Harju Elekter last week acquired Kiinteisto Oy Uutvallinkulma, lessor of premises to its Finnish subsidiary Finnkumu, for 518,000 euros, reports LETA/BNS.
The attempts to stop Lidl investments in a building in Vilnius are unacceptable, and all obstacles on the path should be removed, Diana Varnaite, director of the Lithuanian Cultural Heritage Department says LETA/BNS.
In September 2016, prices of standard design apartments in Riga’s residential neighborhoods climbed 0.2% against August 2016 and 6.2% against September 2015 to EUR 696 per square meter, Arco Real Estate company said in its latest apartment market review, writes LETA.
The three Baltic countries registered the EU's highest quarterly increases in house prices in the second quarter of 2016, according to the latest figures released by the EU statistics office Eurostat, writes LETA/BNS.
- Enterprise Estonia (EAS) has claimed back 19,039 euros from the company Ermamaa following a written notice from its owner Toomas Hendrik Ilves about the company not continuing the provision of tourism services at Arma farm, which received 190,392 euros in support via EAS in 2006, reports LETA/BNS.
The real estate fund Baltic Horizon Fund has decided to distribute to unit holders 1.1 mln euros of this year's operating profit or 0.026 euros per units, writes BHF.
City Service , the Lithuanian real estate maintenance group with operations in the Baltic states, Poland, Spain and Russia, is expanding its residential building maintenance business in Latvia, writes LETA/BNS.
altic private equity fund Livonia Partners has agreed to acquire Hortes, a leading home and gardening product retailer in Estonia, adding a second company to its portfolio this year, reports LETA.
Property developer Real Estate Deals And Solutions plans to sell the Good Stay Eiropa hotel at 56 Juras Street in Jurmala for EUR 6.5 mln, according to information posted at city.24.lv writes LETA.
Nearly half of Latvia's population, or 47%, expect property prices to grow in the near future, according to SEB Banka's latest Housing Price Indicator.
Estonian movie makers have established a joint venture called Tallinn Film Wonderland to build a film industry hub in Tallinn's Kopli district by the end of 2018, reports LETA/BNS.
Total amount of investments in commercial property in Baltics in Q3 the largest quarterly amount so far this year
In the third quarter of this year the total amount of investments in commercial property in the Baltic States was EUR 211.3 mln, which is the biggest quarterly amount so far this year, show data collated by the commercial property company CBRE, informs LETA.
Nordea Bank has granted a EUR 11.75 mln loan to Baltic Horizon investment fund for acquisition and development of Upmalas Biroji office building in Riga, the bank announced.