Real Estate

International Internet Magazine. Baltic States news & analytics Friday, 27.05.2016, 09:29

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Homburg Zolitude gives to Latvia notice of investment dispute worth EUR 11.76 mln

Homburg Zolitude gives to Latvia notice of investment dispute worth EUR 11.76 mln

26.05.2016

Dutch investment fund Homburg Eastern European Fund B.V., the owner of Homburg Zolitude company, which was developing a property in the Zolitude area in Riga where a Maxima supermarket used to stand before its roof caved in, killing over 50 people in November 2013, has notified the State Chancellery about an investment dispute that might be referred to the International Centre for Settlement of Investment Disputes, informs LETA.

Keyword tags: Construction, EU – Baltic States, Investments, Latvia, Legislation, Real Estate



Estonian government lets state property manager buy St. Alexander's of Narva

Estonian government lets state property manager buy St. Alexander's of Narva

26.05.2016

The Estonian government is planning to decide on May 26th that the state real estate management company RKAS is to buy the building of St. Alexander's Church of Narva, informs LETA/BNS.

Number of run-down buildings in critical condition increasing in Riga

Number of run-down buildings in critical condition increasing in Riga

25.05.2016

The number of run-down buildings in Riga that pose threat to the public is increasing with each passing day, Riga Construction Board head Inguss Vircavs said in an interview with the LNT television today, reports LETA.


OEG: no point in speculating about sale of Tallinn Hilton at present

OEG: no point in speculating about sale of Tallinn Hilton at present

25.05.2016

According to the listed Estonian casino group Olympic Entertainment Group (OEG) it cannot be ruled out that the house of Hilton Tallinn Park, the first Hilton hotel in the Baltic countries, which is to open at the beginning of June 2016, will be sold one day, but there is no point in speculating about that now, informs LETA/BNS.

Reconstructed Riga Motor Museum to reopen July 2

Reconstructed Riga Motor Museum to reopen July 2

23.05.2016

The Riga Motor Museum will open after reconstruction on July 2, as the Road Traffic Safety Directorate informed LETA.

20.05.2016

Second phase of Nordika shopping complex opens in Vilnius

The second phase of Vilnius' 50-million-euro shopping complex Nordika opened on May 20th next to the Lithuanian capital's only Ikea store, informs LETA/BNS.

20.05.2016

Latvian Architecture Award 2016 Grand Prix goes to National Museum of Art reconstruction project

During the Annual Architecture Award ceremony last night, Grand Prix was presented to the Latvian National Museum of Art reconstruction project, designed by Processoffice, Andrius Skiezgelas Architecture, and Arhitektoniskas Izpetes Grupa, informs LETA.

19.05.2016

Latvian parliament upholds bill to make Occupation Museum object of national importance

The Latvian parliament today upheld in the second reading legislative amendments to give to the Occupation Museum the status of an object of national importance, informs LETA.

19.05.2016

Vilniaus Prekyba buys Akropolis malls for over EUR 400 mln

Vilniaus Prekyba, one of Lithuania's biggest business groups, has purchased the Akropolis shopping centers for more than 400 million euros, closing a deal that dragged on for over a year after being challenged in courts, reports LETA/BNS.

18.05.2016

Estonian state and church reach accord on St. Alexander's of Narva

The government and the Estonian Evangelical Lutheran Church have reached agreement in principle on buying St. Alexander's Church of Narva, the public broadcaster ERR said citing the head of the church, Archbishop Urmas Viilma, cites LETA/BNS.

17.05.2016

EU giving Estonian Academy of Security Sciences EUR 13.5 mln the campus

A 15.9-million-euro project to overhaul the complex of the Estonian Academy of Security Sciences in Tallinn will get EU funding in the amount of 13.5 million euros, informs LETA/BNS.

16.05.2016

Riga Plaza shopping mall sold for EUR 93.4 mln

Riga Plaza fashion and entertainment center in the Latvian capital city has been sold for EUR 93.4 million, Plaza Centers NV informed on its website, reports LETA.

13.05.2016

Pillar buys airBaltic’s head office building for EUR 6.2 mln

Pillar Investment Group, a company of Pillar Group, has acquired the head office building of airBaltic carrier for EUR 6.19 million under a deal concluded with Reverta distressed asset manager, Pillar representative Janis Bunte informed LETA.

13.05.2016

Park Inn by Radisson to be opened in Riga instead of planned Hilton hotel

In the second half of the year 2016, D.N.H. plans to open Park Inn by Radisson hotel on Krisjana Valdemara Street in Riga, Astor Group’s representative Marcis Krastins told LETA.

13.05.2016

Trigon's Gate Tallinn mall still delayed

Although detailed planning of the Gate Tallinn shopping mall on the outskirts of the Estonian capital began already 11 years ago, actual construction has not started and representatives of the developer do not give concrete information about it, the regional newspaper Harju Elu says, cites LETA/BNS.

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