Real Estate

International Internet Magazine. Baltic States news & analytics Tuesday, 21.05.2019, 18:58

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Lithuania's Rakauskas investors to split business

Lithuania's Rakauskas investors to split business

21.05.2019

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.

Keyword tags: Baltic, Lithuania, Markets and Companies, Real Estate, Retail



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

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

21.05.2019

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.

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

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

20.05.2019

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.


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

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

17.05.2019

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.

Estonia: Finnish SOK group planning 2 new hotels in Tallinn

Estonia: Finnish SOK group planning 2 new hotels in Tallinn

16.05.2019

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.


16.05.2019

Construction launched on EUR 15 mln Moxy hotel in Kaunas

- Construction is being launched on a 15-million-euro Moxy hotel, part of the Marriott Group, in Lithuania's second-biggest city of Kaunas, with the developers planning to build more Moxy and Marriott hotels in the Baltic countries, informe LETA/BNS.

16.05.2019

LANIDA: Prices of new apartments in Riga's residential neighborhoods down 2% in April

In April 2019, the average price of new apartments in Riga’s residential neighborhoods dropped 2 percent from March 2019, according to the housing market price indicator drawn up by the Latvian Real Estate Association (LANIDA).

15.05.2019

Estonia: Baltic Horizon Fund raises EUR 800,000 in private placement

Baltic Horizon Fund has raised 800,000 euros in a private placement aimed at institutional investors in the Baltic countries, which it plans to use to finance investments into real estate properties.

14.05.2019

Estonia: Subscription period for Eften new shares to start Thursday

Eften Real Estate Fund III AS on Tuesday announced an offering of up to one mln new ordinary shares for all natural and legal persons in Estonia at a price of 16 euros apiece, with the subscription to take place from May 16 to May 31.

14.05.2019

Estonia: A little over a tenth of dwellings were built in this century

According to Statistics Estonia, on 1 January 2018, there were 718,600 dwellings in Estonia, of which nearly 76%, or 542,500, were occupied. Of these, 99.1% were conventional dwellings and other housing units, and 0.9% were collective living quarters.

14.05.2019

Estonian state property management co to sell EUR 20 mln worth of real estate in 2019

The Estonian state real estate management company RKAS is planning to sell some 20 mln euros' worth of properties this year, more than in any other year to date, informed LETA/BNS.

02.05.2019

Altum assessing possibility to issue new bonds

Development Financial Institution Altum is considering a possibility to issue new bonds, the institution’s spokeswoman Sandra Eglite said LETA.

02.05.2019

Estonia: Avg price of Tallinn apartments up 3% on year in April

The average price per square meter of Tallinn apartments grew by almost 3% on year in April to 1,863 euros, informed LETA/BNS.

30.04.2019

Latvian government plans to approve new regulations on assessment of properties' cadastral value in mid-2020

New Cabinet of Ministers regulations on assessment of properties' cadastral value will be presented to the general public on Tuesday, April 30, the purpose of which is to improve the cadastral assessment methodology; the Cabinet is planning to endorse the regulations in mid-2020, the Justice Ministry's representative Ksenija Vitola told LETA.

25.04.2019

Estonia: Redgate partners invest in Argeld crowdfunding platform

Argeld, a crowdfunding platform that has been focusing mainly on real estate projects so far, was joined by new investors, including partners at the investment banking company Redgate Capital, and the company will expand to financing the growth of small enterprises, reported LETA/BNS.

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