Real Estate

International Internet Magazine. Baltic States news & analytics Sunday, 17.12.2017, 23:41

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Business-class hotel projected next to Vilnius airport

Business-class hotel projected next to Vilnius airport

14.12.2017

A new business-class hotel is planned next to the Vilnius International Airport, with the project to be implemented by VPH real estate development and management company operated by a Cyprus' enterprise, lawyer and hotel owner Marius Jakulis Jasonas and investment banking company Orion Securities, informs LETA/BNS.

Keyword tags: Airport, Good for Business, Lithuania, Real Estate, Tourism, Transport



Viciunai to start constructing Hilton Hotel in Vilnius in spring

Viciunai to start constructing Hilton Hotel in Vilnius in spring

12.12.2017

Viciunu Grupe (Viciunai Group), a company owned by Kaunas Mayor Visvaldas Matijosaitis, will open the construction of DoubleTree by Hilton hotel in the Lithuanian capital Vilnius in spring 2018, a year behind the original schedule, informs LETA/BNS.

Apartment prices in Soviet-era houses in Riga climb 8.1% in November

Apartment prices in Soviet-era houses in Riga climb 8.1% in November

11.12.2017

In November 2017, apartment prices in Soviet-era standard design houses in Riga climbed 0.2% month-on-month and 8.1% year-on-year, Arco Real Estate said in its latest property market review, cites LETA.


EUR 106.5 mln loan for construction of Akropole shopping center in Riga largest in SEB’s history

EUR 106.5 mln loan for construction of Akropole shopping center in Riga largest in SEB’s history

11.12.2017

The agreement on a EUR 106.5 million loan for construction of the Akropole shopping center in Riga signed by SEB Banka is the largest loan in the bank's history, said LETA SEB Banka's board chairwoman, Ieva Tetere.

Akropolis borrows EUR 106.5 mln for Riga mall construction

Akropolis borrows EUR 106.5 mln for Riga mall construction

07.12.2017

Akropolis Group, a Vilniaus Prekyba Group company that operates Akropolis malls in Lithuania, is borrowing 106.5 million euros from SEB Bank for the construction of an Akropole shopping center in the Latvian capital of Riga, cites LETA/BNS.


06.12.2017

Lithuania's real estate market slowed down in November

Lithuania's real estate market traditionally slowed down in November 2017 from October, with the decline reported in all segments. Nevertheless, more real estate units changed hands in November year-on-year, the Center of Registers said, cites LETA/BNS.

06.12.2017

Narva poised to get 1st new apartment house in next few years

AS Vallikraavi Kinnisvara, a company controlled by Estonian businessman Aivar Tuulberg, is about to build the first brand new apartment house in the northeast Estonian border city Narva in the coming few years, regional newspaper Pohjarannik said, reports LETA/BNS.

05.12.2017

Hausers Grupp to build hotel for Accor in Tallinn

The Estonian company Hausers Grupp OU is about to start building a hotel to be eventually operated by Accorhotels on a plot on Juhkentali Street, Tallinn in January 2018, informs LETA/BNS.

05.12.2017

Mobile unit bought by Estonian government in 2013 starts work as stationary slaughterhouse

A mobile slaughter unit bought by the Estonian government in 2013 was on December 1st reopened as a stationary slaughterhouse by the Estonian Sheep Farmers' Association at Nursi in Vouru County, southeastern Estonia, reports LETA/BNS.

05.12.2017

Construction of Marriott hotel in Palanga to start in spring

Real estate developer Vastint Lithuania intends to open the construction of a Marriott Hotel in spring 2018 in Lithuania resort town Palanga, reports LETA/BNS.

05.12.2017

Price of Tallinn apartments increased by 3.2% in November

The average price per square meter of apartments in Tallinn rose 3.2% to 1,754 euros in November 2017, figures available from the Estonian Land Board show, cites LETA/BNS.

04.12.2017

Additional EUR 7 mln necessary for restoration of Riga Circus building

Restoration of the Riga Circus building will cost EUR 7 million more than originally planned, Culture Minister Dace Melbarde (National Alliance) told the LNT television today, cites LETA.

01.12.2017

In October, construction input prices decreased by 0.3% in Lithuania

Statistics Lithuania informs that in October 2017, compared to September, construction input prices decreased by 0.3%. The greatest influence on the overall price change was made by a 1.4% decrease in wages and salaries, as well as by a 0.2% increase in prices for construction materials and products. Among construction materials and products, an increase in prices was observed for pipes – 0.8%, insulation materials – 0.7%, while general building materials and wood products went down in price by 0.4 and 0.3% respectively.

30.11.2017

Eesti Energia contests provisional measure halting sale of Tootsi wind farm plots

Enefit Green, renewable energy subsidiary of the Estonian state owned Eesti Energia group, has contested the grant of provisional legal protection that has halted the sell-off of properties designated for a large wind farm at Tootsi in southwestern Estonia, informs LETA/BNS.

29.11.2017

In October, construction costs in Latvia grew by 0.3%

Data of the Central Statistical Bureau (CSB) show that, compared to September, in October 2017 the level of construction costs in Latvia rose by 0.3%. Labour remuneration of workers1went up by 0.5%, maintenance and operational costs of machinery and equipment by 0.4%, and prices of building materials by 0.2%.

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