Real Estate

International Internet Magazine. Baltic States news & analytics Friday, 04.12.2020, 16:55

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Corum Asset Management buys Kamarin's House in Riga from Baltic RE Group

Corum Asset Management buys Kamarin's House in Riga from Baltic RE Group

04.12.2020

Eurion Fund, managed by France's Corum Asset Management, has acquired from Baltic RE Group the historical Kamarin's House, a building situated in Riga's Townhall Square, representatives of Baltic RE Group informed.

Keyword tags: Good for Business, Latvia, Real Estate



Latvia's construction productivity at 40% of EU average

Latvia's construction productivity at 40% of EU average

03.12.2020

In Latvia, construction productivity is approximately at 40 percent of the European Union's average rate, Luminor Bank's economist Peteris Strautins said at an online conference hosted by the Partnership of Latvian Building Contractors, cites LETA.

Estonia: Avg price of Tallinn apartments up 2.6% on year in November

Estonia: Avg price of Tallinn apartments up 2.6% on year in November

02.12.2020

The average price per square meter of Tallinn apartments grew 2.6% on year to 2,121.81 euros in November,writes LETA/BNS.


Estonia's Summus Capital, Ivar Vendelin buy Riga Plaza

Estonia's Summus Capital, Ivar Vendelin buy Riga Plaza

02.12.2020

Estonian company Summus Capital and investor Ivar Vendelin have become the new owners of the Riga Plaza shopping and entertainment center, representatives of the transaction's consultant Zenith Family Office informed LETA.

Mayor of Riga presents an Ambitious Agenda and Plans for the City

Mayor of Riga presents an Ambitious Agenda and Plans for the City

01.12.2020

The Mayor of Riga Mārtiņš Staķis who was elected earlier this year during Extraordinary Elections of the Council of Riga on the platform to change the corporate governance culture in Riga and reshape Riga into orderly, open, green and people-friendly metropolis of Northern Europe, last week spoke to the Norwegian investor community in Latvia and presented his personal priorities and the plans of the newly-established “Riga Change Coalition”.


27.11.2020

In October, the level of construction costs in Latvia increased by 0.4%

Data of the Central Statistical Bureau (CSB) show that, compared to September, in October 2020, the level of construction costs in Latvia increased by 0.4 %. Prices of building materials grew by 0.6 %, labour remuneration of workers – by 0.2 %, but maintenance and operational costs of machinery and equipment rose by 0.1 %.

27.11.2020

Bank of Lithuania: Real estate market remains resilient yet faces more challenges

The real estate and construction market remains resilient in the face of the COVID 19 pandemic, yet its different segments are painting a mixed picture. Having recovered after the initial shock in spring 2020, the housing market is now showing historically high activity levels. However, the expected increase in the office vacancy rate signals serious challenges encountered by the commercial real estate market. These and other developments were discussed at the Annual Bank of Lithuania Real Estate Conference held online on 24 November.

26.11.2020

Vilnius signs EUR 7 mln national concert hall design contract with Spanish architects

Vilnius has signed a 7-million-euro contract with Spain's Arquivio Architects for designing Lithuania's new National Concert Hall on the capital's Tauras Hill, the municipality said on November 26th, cites LETA/BNS.

26.11.2020

Mainor, Nordecon sign contract on EUR 30 mln commercial building at Ulemiste

Opiku Majad OU, a subsidiary of Mainor Ulemiste AS, has entered into a contract with listed builder AS Nordecon for the construction of a 30-million-euro office building in Ulemiste City, informs LETA/BNS.

25.11.2020

The production of Estonian construction enterprises drops 12% in Q3

According to Statistics Estonia, in the third quarter of 2020, the total production of Estonian construction enterprises in Estonia and abroad decreased by 12% year on year. Considering only the Estonian construction market, the decrease in construction volume was 10%.

19.11.2020

Latvia: Giraffe360 raises a USD 4.5M funding round

The PropTech startup “Giraffe360” has raised $4.5M funding round to further accelerate its 10x growth to expand their unique camera-as-a-subscription service for the real estate industry. Leading the round are “LAUNCHub Ventures” and “Hoxton Ventures” joined by another European VC firm, “HCVC (Hardware Club)”. Existing investor “Change Ventures” also participated, informed Magnetic Latvia.

13.11.2020

Apartment prices in new residential projects to climb in Latvia

Apartment prices in new residential projects will climb because new apartments are now in short supply, Arco Real Estate board member Maris Laukalejs said, LETA writes.

12.11.2020

Estonia: Hammerhead sells 2 commercial real estate projects for EUR 21 mln

Real estate developer Hammerhead OU last week sold the Priisle business park in Tallinn's Lasnamae district and the K2 LoftOffice in the Mustamae district for 21 mln euros, writes LETA/BNS.

11.11.2020

Estonian Nordecon to build Nomme Gymnasium sports building

The listed Estonian construction group Nordecon AS and Tallinn City Property Department entered into contract for the construction of Nomme Gymnasium sports building; the cost of the works is 2.89 million euros including value added tax, informs LETA/BNS.

11.11.2020

Turnover of Sakret Holdings down 0.4% in 9 months

Sakret Holdings construction materials producer in the first nine months of 2020 posted EUR 17.57 million in turnover, declining 0.4% from the respective period last year, while profit increased 61.3% to EUR 1.037 million, writes LETA, according to the company's report submitted to Nasdaq Riga stock exchange.

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