Real Estate

International Internet Magazine. Baltic States news & analytics Wednesday, 29.01.2020, 08:32

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Estonia: Workland opens co-working centers in Riga, Vilnius with EUR 2 mln

Estonia: Workland opens co-working centers in Riga, Vilnius with EUR 2 mln

24.01.2020

Workland, a company offering fully serviced shared office spaces, opened two new co-working centers in Riga and Vilnius this week after investing approximately a million euros in both centers. There are altogether 335 working spaces in the two new centers. By now, Workland has opened 10 centers across the Baltics, the company said LETA/BNS.

Keyword tags: Baltic, Good for Business, Investments, Real Estate



TOP 10 real estate investment deals in 2019 in Riga

TOP 10 real estate investment deals in 2019 in Riga

23.01.2020

Low volumes of cashflow property development in recent years forced investors to consider not only ready-made properties but also those with development potential. In addition to the traditional objects with cashflow, the rating of TOP10 of 2019 real estate deals in Riga and surroundings also includes three considerable development land deals, BC learned from the Colliers International.

Six Latvian architecture firms join Architects Declare movement

Six Latvian architecture firms join Architects Declare movement

21.01.2020

Six Latvian architecture firms have joined the Architects Declare climate movement, representatives of Made Arhitekts company informed LETA.


Airbnb and City of Vilnius sign agreement on automated collection of tourism levies

Airbnb and City of Vilnius sign agreement on automated collection of tourism levies

15.01.2020

From the 1st February onwards Airbnb will automatically collect tourism levies during the booking process on behalf of guests staying in Vilnius. It is the first of such agreements in the Baltics and in the region. Airbnb is the first booking platform to automatically collect tourism levies for guests, istaying in the Baltic States, informed Gintarė Kavaliūnaitė from Go Vilnius.

Merger of EfTEN funds will create a Baltic commercial real estate fund with assets of about €350m

Merger of EfTEN funds will create a Baltic commercial real estate fund with assets of about €350m

15.01.2020

Listed company EfTEN Real Estate Fund III AS will acquire EfTEN Kinnisvarafond AS, the merger resulting in a commercial real estate fund with assets of about EUR 350m and a portfolio of 29 properties in the Baltics, said Viljar Arakas, CEO of the fund management company Eften Capital AS.


15.01.2020

Merko's Latvian subsidiary to invest EUR over 260 mln in property projects in Riga

Merks, Latvian subsidiary of listed Estonian construction group Merko, plans to invest more than 260 miln euros in development projects in the Zakusala and Lucavsala regions of Riga informed LETA.

14.01.2020

Z-Towers Commissioned by Riga City Construction Board

Representatives of JSC Towers Construction Management, developer of the tallest building project in the last decade, announced that the Riga City Construction Board has commissioned Z-Towers, BC learned at the JSC Towers Construction Management.

14.01.2020

Estonia's Kaamos Kinnisvara to invest EUR 8.5 mln in residential project in Riga

Estonian developer Kaamos Kinnisvara is set to invest 8.5 mln euros in Divi Krasti, a residential project being developed on Kengaraga Street near Dienvidu Bridge in Riga.

13.01.2020

EfTEN to acquire airBaltic's headquarters at Riga Airport

EfTEN Real Estate Fund III AS, a company listed on Nasdaq Tallinn, has signed conditional purchase agreements for acquiring two commercial properties in Latvia. The fund will buy in the territory of Riga Airport airBaltic's headquarters, as well as a logistics centre in Ķekava, in the outskirts of Riga. The properties are sold by New Hanza Capital.

10.01.2020

Lithuania's Kaunas tears up stadium reconstruction contract with Turkish company

The authorities in Kaunas, Lithuania's second largest city, on Friday announced their decision to cancel their contract with Turkish company Kayi Construction on the reconstruction of a local stadium, informed LETA/BNS.

09.01.2020

Lithuania's major retailers invested EUR 88.4 mln in expansion in 2019

Lithuania's top five supermarket chains invested a total of 88.4 million euros in expansion last year, according to the business daily Verslo Zinios information reported LETA/BNS.

08.01.2020

Latvia: Prices of apartments in soviet-era apartment buildings increased 2.8% in 2019 - Arco Real Estate

Prices of apartments in soviet-era apartment buildings in Riga neighborhoods remained unchanged last December, while in January-December 2019 the prices increased by 2.8%, according to Arco Real Estate's latest report on the market of standard-design apartments.

08.01.2020

Estonia: Merko to build water supply, sewerage piping in Rapla County for EUR 14.3 mln

AS Merko Ehitus Eesti, part of the listed Estonian builder Merko Ehitus group, and OU Kohila Maja entered into a contract on Tuesday to perform construction works of water supply and sewerage piping in Kohila rural municipality, Rapla County, for 14.3 mln euros, Merko told the stock exchange.

07.01.2020

Latvia: VNI state property manager sold EUR 4.1 mln worth of properties in 2019

Last year, Valsts Nekustamie Ipasumi (VNI) state property management company sold 109 properties in Riga and Latvia's regions for the total amount of EUR 4.086 mln, VNI board member Andris Varna told LETA.

06.01.2020

Lithuania's Juta buys new building from YIT Lietuva for EUR 14 mln

Juta, a Lithuanian company selling car parts and providing repair services, has bought a new office and commercial building built for it by YIT Lietuva, a Finnish-capital construction company, in Vilnius for around 14 mln euros.

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