Real Estate

International Internet Magazine. Baltic States news & analytics Saturday, 23.05.2015, 07:15

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Symbol of friendship between Lithuania and Finland unveiled in Vilnius

Symbol of friendship between Lithuania and Finland unveiled in Vilnius

21.05.2015

President of Lithuania Dalia Grybauskaite together with Finland’s former President Tarja Halonen unveiled sculpture “Suomis” in Vilnius. At the unveiling ceremony, the President underlined that this sculpture was a symbol of close friendship between Lithuania and Finland, reports BC presidential press service.

Keyword tags: Energy, EU – Baltic States, Lithuania, Real Estate



Estonian Pro Kapital's loss increases in Q1

Estonian Pro Kapital's loss increases in Q1

20.05.2015

Estonian real estate developer AS Pro Kapital Grupp informed the Tallinn Stock Exchange that its net loss for the first three months of 2015 has increased by 0.2 million euros (27%) compared to the reference period, totalling 1.2 million euros versus a loss of 0.9 million euros at the same time last year, writes LETA.

Estonian real estate transactions' turnover grows by 26% in Q1

Estonian real estate transactions' turnover grows by 26% in Q1

19.05.2015

The turnover of Estonian real estate transactions grew by 26% in the first quarter of the year 2015 year-on-year, Äripäev.ee/LETA reported.


In Q1, the number of building permits issued and buildings completed increased in Lithuania

In Q1, the number of building permits issued and buildings completed increased in Lithuania

14.05.2015

Statistics Lithuania informs that, based on the data from the Building Permits and State Construction Supervision Information System the Republic of Lithuania (IS) Infostatyba, in I quarter 2015, against I quarter 2014, the number of building permits issued increased by 1.6%, of which for the construction of residential buildings – by 2.8%.

In Q1, the volume of construction work in Lithuania decreased by 50%

In Q1, the volume of construction work in Lithuania decreased by 50%

14.05.2015

Statistics Lithuania informs that in I quarter 2015, the volume of construction work carried out in the country amounted to EUR 392 million at current prices. Against IV quarter 2014, the volume of construction work decreased by 50% at constant prices, while seasonally and working day adjusted – increased by 2.2%.

13.05.2015

Construction production slightly decreases in Q1 in Latvia

The latest data compiled by the Central Statistical Bureau of Latvia (CSB) show that in the 1st quarter of 2015 as compared to the corresponding period of 2014 construction production volume according to calendar adjusted data at constant prices decreased by 0.1%. Construction production volume at current prices accounted for EUR 252.5 mln.

13.05.2015

EfTEN Real Estate Fund finalised the extension of DHL logistics centre in Tallinn

Today, on May 13, EfTEN Real Estate Fund and DHL will open the new extension to the DHL Estonia AS logistics centre in Tallinn. The extension increases the total area of the logistics centre by additional 3 600 square metres, now covering a total of 10 700 square metres.

13.05.2015

Nordecon builds Ämari Air Base building complex

Nordecon AS informed the Tallinn Stock Exchange that it signed a construction contract with Estonian Ministry of Defence for the construction of building complex in the Ämari Air Base, reports LETA.

12.05.2015

Transaction amount with the new project apartments in Riga decreased by 49% in Q1

The average price per square meter in Rīga new projects decreased per 50 EUR in residential areas in the first quarter of the year 2015 in comparison with the end of the last year, and was at the position of 1 410 EUR (- 3.4%), while it decreased until 2 510 EUR/m² for the center apartments, falling per 40 EUR/m² or 1.6% overall, informs the ARCO REAL ESTATE Member of the Board Maris Laukalejs.

12.05.2015

Unaudited profit of Lithuania's INVL Baltic Real Estate at EUR 276,000 in Q1

Unaudited consolidated net profit as well as consolidated net profit attributable to shareholders of INVL Baltic Real Estate in Lithuania amounted to EUR 276,000 at the end of the first three months of 2015, reports LETA/ELTA, referring to the company’s statement.

11.05.2015

Estonian State Real Estate Co makes 118 employees redundant

Estonian Riigi Kinnisvara AS (State Real Estate Co – RKAS) on Friday filed a request to the Unemployment Insurance Fund for collective termination of a total of 118 employment contracts, LETA/Postimees Online reports.

08.05.2015

Lithuania signs agreements with EIB to support for 2 major investment projects

Lithuania and European Investment Bank (EIB) continue their strong partnership by establishing the EUR 150 million Jessica II fund and signing an agreement on a EUR 1.3 billion loan facility, reported LETA/ELTA, referring to Lithuania's Ministry of Finance.

07.05.2015

Bulgarian projects boosted Arco's revenue in Q1

Estonian real estate developer Arco Vara informed the Tallinn Stock Exchange that in the first three months of 2015, the group’s revenue from continuing operations was 4.4 million euros, exceeding almost four times the revenue of the first quarter of 2014, when revenue amounted to 1.1 million euros, reports LETA.

07.05.2015

Estonian Merko's net profit grew by 13.9% in Q1

Estonian construction company Merko Ehitus reported to the Tallinn Stock Exchange that its net profit in the first three months of the year 2015 was EUR 0.8 million, having increased by 13.9% compared to the same period last year, reports LETA.

05.05.2015

CNN chose Estonia's pavilion as one of the most impressive at EXPO 2015

The U.S. TV channel CNN chose the Estonian pavilion at the world exhibition EXPO Milano that opened on Friday among the 24 most impressive pavilions, LETA/Public Broadcasting reports.

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