International Internet Magazine. Baltic States news & analytics
Tuesday, 21.10.2014, 18:09
East Capital Baltic Property Fund II (“the Fund”), managed by East Capital, has yesterday acquired the Metro Plaza office building in Tallinn, Estonia.
Keyword tags: Estonia, Investments, Markets and Companies, Real Estate
According to a survey carried out by the Association of Real Estate Companies (AREC), enterprises in the sector are planning for an increase in sales and in staff during the next six months in 2014 and 2015, writes Äripäev.ee/LETA.
The "Riga 2014" Foundation is urging the government to make a decision on the future of the Corner House or the former KGB building at 61 Brivibas Street in Riga – an architectural edifice that "stood empty and deserted in the very center of Riga for more than six years," as "Riga 2014" public relations officer Martins Dregeris told LETA.
According to Statistics Estonia, in the 3rd quarter of 2014, the construction price index changed 0.3% compared to the 2nd quarter of 2014 and -0.2% compared to the 3rd quarter of 2013.
Joint stock company LNK Industries has concluded a contract with limited liability company D.N.H. on a new hotel in Riga – "Hilton Garden Inn Riga Valdemara"; the construction job is set to get under way, Inga Domka, the Marketing and Public Relations Manager of LNK Group informed Nozare.lv, cites LETA.
Nordecon AS and OÜ Kawe Invest, subsidiary of AS Kawe, signed a contract for the construction of an office building on the registered immovable at Veerenni 24. The cost of construction works at the building located in the Baltika quarter at the edge of the City of Tallinn is approximately EUR 9 million without VAT, informed BC Nordecon’s press service.
Yesterday, the central Latvia city of Ogre officially declared a state of emergency due to flooding caused by heavy rains, informs LETA.
The under-fire construction company Re&Re has won the Justice Ministry's tender for the construction of the new block of Olaine prison for EUR 4.29 million, according to information from the Procurement Monitoring Bureau, cites LETA.
The average price of pre-renovated Soviet-era apartments in Riga was EUR 650 per square meter in September, which is 8% more compared to the same period of last year, according to the latest Ober-Haus real estate market overview, cites LETA/Nozare.lv.
Due to a strong rain, Purenu Street in Ogre City has been flooded as Urga River overflowed its banks early this morning, the State Fire and Rescue Service spokeswoman Inga Vetere informed LETA.
President of Lithuania Dalia Grybauskaite has expressed doubts in the validity of renovation cost and transparency of public procurement, informs LETA/ELTA.
President of Lithuania Dalia Grybauskaite noted at the meeting with Chairman of the Competition Council Sarunas Keserauskas that the Council should determine what affects prices in dairy processing and utilities sectors, informs LETA/ELTA.
More than a year after the Riga Castle fire, the prosecutor handling the criminal case has handed it over to court, with three persons being charged, informs LETA.
In September 2014, apartment prices dropped the most in Tallinn, by 4.1%. In Vilnius they decreased marginally, by 0.2%. Meanwhile, in Riga apartment prices remained without changes compared to the previous month, informs LETA/ELTA.
Statistics Lithuania has revised labour productivity in the national economy in 2013. Based on the latest data, the value added per hour actually worked in the whole economy amounted to, on average, LTL 45.94 (EUR 13.31) at current prices, which is by LTL 2 (EUR 0.58) more than in 2012, reports LETA/ELTA.