Real Estate

International Internet Magazine. Baltic States news & analytics Tuesday, 17.01.2017, 10:55

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

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

16.01.2017

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

Keyword tags: Analytics, Financial Services, Funds, Good for Business, Investments, Real Estate



Park Inn by Radisson Valdemara Riga opens in Latvia

Park Inn by Radisson Valdemara Riga opens in Latvia

09.01.2017

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.

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

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

09.01.2017

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.


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

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

05.01.2017

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.

Merks starts Gailezera Nami residential development project in Riga

Merks starts Gailezera Nami residential development project in Riga

05.01.2017

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.

22.12.2016

Court annuls construction permit for Moscow House in Vilnius

A court has granted a request from Lithuania's State Territorial Planning and Construction Inspectorate to annul the construction permit, issued back in 2008, for the so-called Moscow House in Vilnius, reports LETA/BNS.

20.12.2016

Estonia's dwelling price index jumps 7.4 % on year

According to Statistics Estonia, in the 3rd quarter of 2016, the Dwelling Price Index changed by 3.4% compared to the 2nd quarter of 2016 and by 7.4% compared to the 3rd quarter of 2015.

20.12.2016

Housing affordability only increases in Riga among Baltic capitals in Q3

Of the three Baltic capitals, housing affordability only increased in Riga in the third quarter of 2016 as compared to the same period last year, according to the latest Swedbank Baltic Housing Affordability Index (HAI).

16.12.2016

Baltic Horizon Fund acquired newly reconstructed Piirita shopping centre

Northern Horizon Capital AS (the Management Company) as the management company of Baltic Horizon Fund (the Fund) announces acquisition of Piirita shopping centre, BC informed Baltic Horizont Fund representative.

16.12.2016

Estonian tycoon Hillar Teder gives half of one company to another to cover debt

stonian tycoon Hillar Teder, the founder and majority owner of the Ukrainian development company Arricano, transferred 49 percent of the shares in his company Filgate Credit Enterprises Ltd. to Arricano to settle a debt of 39.8 mln USD.

15.12.2016

Rent in Riga center has dropped 15-20% this year

Being unable to sell upper-class apartments in downtown Riga, their owners have started to offer the apartments for rent, therefore rent in downtown Riga has declined 15-20% this year, LETA said Latio real estate company’s board chairman Edgars Sins.

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