Real Estate

International Internet Magazine. Baltic States news & analytics Saturday, 25.10.2014, 13:09

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Nevertel plans to invest EUR 10 mln in new controversial hotel in Old Town Riga

Nevertel plans to invest EUR 10 mln in new controversial hotel in Old Town Riga

24.10.2014

The Lithuanian real estate company Nevertel plans to invest about EUR 11 million in the new hotel at 25 Grecinieku Street in the Old Town of Riga, as Nevertel representative in Latvia Ramona Miglane revealed, cites LETA/Nozare.lv.

Keyword tags: Construction, Investments, Legislation, Lithuania, Real Estate, Tourism



Skonto stadium in Riga purchased officially for EUR 35 mln

Skonto stadium in Riga purchased officially for EUR 35 mln

23.10.2014

Entered into the State Land Register is the late-September 2014 purchase of the Skonto Stadium complex in Riga, which went to the MANI Group, owned and operated by the Rudzitis family, who deal in real estate, informs LETA/Nozare.lv.

Losses caused by flooding in Ogre reach almost EUR 1 mln

Losses caused by flooding in Ogre reach almost EUR 1 mln

22.10.2014

Losses caused by flooding in Ogre are estimated to be EUR 882,810, the Ogre City Council spokeswoman Baiba Trumekalne informed LETA.


Saeima committee conceptually approves proposal to suspend issuing of temporary residence permits to Russians

Saeima committee conceptually approves proposal to suspend issuing of temporary residence permits to Russians

22.10.2014

Saeima's Defense, Internal Affairs and Corruption Prevention Committee in Latvia decided today to approve in principle before the first reading All for Latvia!-For Fatherland and Freedom/LNNK's (VL-TB/LNNK) proposal to suspend issuing of temporary residence permits to Russian citizens for the purchase of real estate in Latvia, informs LETA.

East Capital acquires Metro Plaza in Tallinn

East Capital acquires Metro Plaza in Tallinn

21.10.2014

East Capital Baltic Property Fund II (“the Fund”), managed by East Capital, has yesterday acquired the Metro Plaza office building in Tallinn, Estonia.

21.10.2014

Estonian real estate companies plan to boost turnover and increase staff

According to a survey carried out by the Association of Real Estate Companies (AREC), enterprises in the sector are planning for an increase in sales and in staff during the next six months in 2014 and 2015, writes Äripäev.ee/LETA.

21.10.2014

Latvian government urged to decide fate of former KGB building

The "Riga 2014" Foundation is urging the government to make a decision on the future of the Corner House or the former KGB building at 61 Brivibas Street in Riga – an architectural edifice that "stood empty and deserted in the very center of Riga for more than six years," as "Riga 2014" public relations officer Martins Dregeris told LETA.

20.10.2014

Construction price in Estonia increased by 0.3% in Q3

According to Statistics Estonia, in the 3rd quarter of 2014, the construction price index changed 0.3% compared to the 2nd quarter of 2014 and -0.2% compared to the 3rd quarter of 2013.

20.10.2014

Construction of "Hilton Garden Inn" gets under way in Riga

Joint stock company LNK Industries has concluded a contract with limited liability company D.N.H. on a new hotel in Riga – "Hilton Garden Inn Riga Valdemara"; the construction job is set to get under way, Inga Domka, the Marketing and Public Relations Manager of LNK Group informed Nozare.lv, cites LETA.

17.10.2014

Nordecon signed a contract for the construction of Veerenni 24 office building in Tallinn

Nordecon AS and OÜ Kawe Invest, subsidiary of AS Kawe, signed a contract for the construction of an office building on the registered immovable at Veerenni 24. The cost of construction works at the building located in the Baltika quarter at the edge of the City of Tallinn is approximately EUR 9 million without VAT, informed BC Nordecon’s press service.

16.10.2014

State of emergency declared in Latvian Ogre

Yesterday, the central Latvia city of Ogre officially declared a state of emergency due to flooding caused by heavy rains, informs LETA.

16.10.2014

Re&Re to construct the new block of Olaine prison for EUR 4.29 mln

The under-fire construction company Re&Re has won the Justice Ministry's tender for the construction of the new block of Olaine prison for EUR 4.29 million, according to information from the Procurement Monitoring Bureau, cites LETA.

15.10.2014

In September, apartment prices in Riga grew by 8% y-o-y

The average price of pre-renovated Soviet-era apartments in Riga was EUR 650 per square meter in September, which is 8% more compared to the same period of last year, according to the latest Ober-Haus real estate market overview, cites LETA/Nozare.lv.

15.10.2014

Streets and buildings in Latvian Ogre flooded as Urga River overflows

Due to a strong rain, Purenu Street in Ogre City has been flooded as Urga River overflowed its banks early this morning, the State Fire and Rescue Service spokeswoman Inga Vetere informed LETA.

14.10.2014

Lithuanian president doubts validity of renovation cost

President of Lithuania Dalia Grybauskaite has expressed doubts in the validity of renovation cost and transparency of public procurement, informs LETA/ELTA.

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