Focus Nordic Cities, a German open-ended real estate fund managed by Catella Real Estate, has acquired a 12,800 m[sup]2[/sup] office property located on one of the main streets in the Latvian capital Riga. The property on Duntes Street was developed and sold by Baltic developer E.L.L. Real Estate and is let to major corporates Statoil, Samsung and Ericsson. E.L.L. Real Estate's Latvian office is also based in the building. E.L.L. Real Estate developed the building in cooperation with SIA Merks, which is a daughter company of the largest construction company in the Baltics.
Premium subscriber content – please log in to read more or take a free trial.
