Real Estate

International Internet Magazine. Baltic States news & analytics Monday, 17.06.2019, 10:10

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

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

12.06.2019

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.

Keyword tags: Financial Services, Latvia, Real Estate, Taxation



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

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

11.06.2019

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

Finnish subsidiary of Nordecon Betoon signs EUR 7.6 mln construction contract

Finnish subsidiary of Nordecon Betoon signs EUR 7.6 mln construction contract

11.06.2019

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.


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

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

11.06.2019

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.

Apartment prices in Soviet-era standard design houses up 1.7% this year - Arco Real Estate

Apartment prices in Soviet-era standard design houses up 1.7% this year - Arco Real Estate

10.06.2019

In May this year, apartment prices in Soviet-era standard design houses in Riga rose 0.3 percent against April and climbed 1.7% from the beginning of the year, Arco Real Estate said in its latest report on the market of standard-design apartments.


06.06.2019

Baltic commercial real estate market potential is EUR 2 bn – Newsec

Investment transactions in the Baltic countries last year totaled EUR 810 mln. The majority of deals were for prime office and retail properties, with increasing investments by global market players, international real estate advisors Newsec said in the 2019 edition of the Baltic Investment Outlook, citing LETA.

03.06.2019

Estonia's 1st Ibis hotel opened its doors in Tallinn

Estonia's first Ibis hotel opened its doors on Juhkentali Street in Tallinn on Saturday.

27.05.2019

Baltic Horizon Fund to acquire Galerija Centrs Shopping Centre in Riga

Northern Horizon Capital AS as the management company of Baltic Horizon Fund signed an agreement with Linstow AS to aquire 100% shares of Tampere Invest SIA, which owns Galerija Centrs Shopping Centre in the heart of Riga. The purchase price is EUR 75 mln, which corresponds to an estimated entry yield of approximately 6,7%. The transaction is expected to close by the beginning of June 2019.

27.05.2019

Estonia: Capital Mill to build EUR 35 mln office building in Vilnius

Capital Mill, an Estonian company investing in commercial real estate, is about to build a nine-story office building in the Lithuanian capital Vilnius for an estimated 35 mln euros. The structure is expected to be completed in fall 2021, Capital Mill announced on Monday, informed LETA/BNS.

21.05.2019

Lithuania's Rakauskas investors to split business

Lithuanian investors Augustinas Rakauskas and his son Arturas Rakauskas are changing their business's existing management model and will continue developing their businesses separately, informed LETA/BNS.

21.05.2019

Estonia: Merko to build Turi Basic School buildings for EUR 11.4 mln

The listed Estonian builder Merko is to build the school and sports buildings of Turi Basic School for 11.4 mln euros and the construction work is scheduled to be completed in August 2020, Merko told the stock exchange.

20.05.2019

Estonia: Merko signs EUR 5 mln amendment to contract for construction of Vilnius hotel

The listed Estonian builder Merko Ehitus is to carry out additional work in the amount of 5 mln euros in the establishment of the Neringa hotel building in Vilnius, informed LETA/BNS.

17.05.2019

Apartment prices in Soviet-era standard design houses in Riga up 1.4% this year - Arco Real Estate

In April this year, apartment prices in Soviet-era standard design houses in Riga rose 0.7% against March and climbed 1.4% from the beginning of the year, Arco Real Estate said in its latest report on the market of standard-design apartments.

16.05.2019

Estonia: Finnish SOK group planning 2 new hotels in Tallinn

The Finnish retail group SOK, which owns the Prisma Peremarket retail chain and Sokos Hotel Viru, is planning to build two new hotels in Tallinn, according to the news portal of Estonian public broadcaster ERR reports LETA/BNS.

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