Real Estate

International Internet Magazine. Baltic States news & analytics Wednesday, 26.09.2018, 16:35

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Cornerstone for Oleg Ossinovski's EUR 1 b real estate development in Georgia laid Friday

Cornerstone for Oleg Ossinovski's EUR 1 b real estate development in Georgia laid Friday

26.09.2018

The cornerstone for the residential real estate development of Estonian businessman Oleg Ossinovski, the total volume of which is planned to be one billion euros, was laid in Georgia on Friday, informed LETA/BNS.

Keyword tags: Baltic States – CIS, Estonia, Investments, Markets and Companies, Real Estate



Eften Real Estate Fund III postpones planned new share emission

Eften Real Estate Fund III postpones planned new share emission

26.09.2018

In connection with the low supply of suitable real estate properties with an appropriate opportunistic and value-added investment strategy for Eften Real Estate Fund III in the Baltic states, the fund's management board has decided not to convene a general meeting of shareholders in October this year and postpone its planned new share emission until the spring of 2019.

Mainor borrows EUR 10 mln to establish buildings in Ulemiste campus

Mainor borrows EUR 10 mln to establish buildings in Ulemiste campus

25.09.2018

Opiku Majad OU, a subsidiary of Mainor Ulemiste, has entered into a 10.7 million euro credit agreement with the Estonian branch of OP Corporate Bank Plc, which will be used to refinance the existing loan from Nordea Pank and finance the construction of the new Lurich buildings in the Ulemiste City business district., informed LETA/BNS,


EfTEN to build a new gardening centre for Hortes in Tallinn’s Tähesaju City

EfTEN to build a new gardening centre for Hortes in Tallinn’s Tähesaju City

21.09.2018

Hortes AS, Estonia’s leading home and garden retail brand, will be the tenant of a new garden centre that EfTEN Real Estate Fund III AS is to build in Tähesaju City in the Lasnamäe district of Tallinn, under an agreement that has been signed by EfTEN and Hortes. The main contractor for the construction project is Mitt & Perlebach OÜ. The gardening centre will open its doors in the spring of 2019, informs the company’s representative.

Estonia's Q2 dwelling price index up 7.4% on year

Estonia's Q2 dwelling price index up 7.4% on year

21.09.2018

According to Statistics Estonia, in the 2nd quarter of 2018, the Dwelling Price Index changed by 1.1% compared to the 1st quarter and by 7.4% compared to the 2nd quarter of 2017.


20.09.2018

Housing affordability improved in Riga and Vilnius in Q2 of 2018

In the second quarter of 2018, housing affordability improved in Riga and Vilnius but worsened in Tallinn, Swedbank representatives informed citing the latest Swedbank Baltic Housing Affordability Index (HAI), cities LETA.

19.09.2018

Baltic International Bank to invest EUR 12 mln in renovation of quarter in Old Riga

Baltic International Bank will invest EUR 12 million in reconstructing and refurbishing of the Old Riga quarter situated between Kaleju Street and Vecpilsetas Square, the bank’s spokeswoman Inese Malnaca reported.

18.09.2018

First Holiday Inn hotel in Latvia to open in Preses Nams high-rise in 2022

The first Holiday Inn hotel in Latvia, located in the Preses Nams high-rise in Riga, is to open in September 2022, British hospitality company InterContinental Hotels Group (IHG) representative Liga Tregere told LETA.

18.09.2018

Accorhotels hotel to be built in Tallinn reaches full height

A 12 mln euro hotel building of the French hotel chain Accorhotels to be built on Juhkentali Street in Tallinn has reached its full height, informed LETA/BNS.

18.09.2018

Nordecon and Haven Kakumäe held the topping out event of the Lesta 10 apartment house

Nordecon AS and Haven Kakumäe OÜ held a topping out event at the Lesta 10 apartment buildings next to Haven Kakumäe. 3-story apartment buildings have reached their maximum height; the houses will be completed by spring 2019, informed company.

17.09.2018

Latvia has among lowest office rental prices in region – real estate portal

The average rent per square meter for offices in Riga is lower than in Estonia’s Tallin, but higher than in Lithuania’s Vilnius, according to Estonia’s Ria.com Marketplace real estate portal operating on the Ukrainian market, cities LETA.

13.09.2018

Nordecon AS and Riigi Kinnisvara Aktsiaselts signed a contract to build a future state gymnasium building in Kohtla-Järve

Nordecon AS and Riigi Kinnisvara Aktsiaselts (State Real Estate Ltd) signed a contract to build a future state gymnasium building in Kohtla-Järve. The new school building will be a nearly zero-energy building. The gymnasium building with a size of 2800 square meters will be built at Pärna 47, which is the address of the former Kohtla-Järve Pärna Basic school, informed Nordecon,

11.09.2018

Prices of Soviet-time apartments in Riga climb 3.5% from beginning of year

In August 2018, apartment prices in Soviet-era buildings in Riga rose 0.2 from the previous month and climbed 3.5% from the beginning of 2018, informs LETA referring to the Arco Real Estate property market review.

10.09.2018

Euromoney announces Colliers International as the best advisor company in Latvia

According to the influential global capital and financial market magazine Euromoney, Colliers International announced as the best advisor company in Latvia in 2018.

06.09.2018

Next crisis can be brought about by developments on real estate market - ECB

The next crisis in Europe and the world might be brought about by developments connected to the real estate market and mortgage lending, Daniele Nouy, Chair of the Supervisory Board of the European Central Bank (ECB), said in an interview with LETA.

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