TGS Baltic has advised the City Development Company on its sale of four real estate properties in Riga to Estmak Capital group company Riga Properties 3.
According to TGS Baltic, the total area of the four real estate properties is 32,256 square meters. “The area and the location of the real estate in the vicinity of important Rail Baltica infrastructure objects (the railway station and train traffic nodes) correspond to the development of large-scale shopping centers and office buildings and other large-scale projects in the center of Riga. The purchase price was EUR 6.5 million.”
The City Development Company is a company engaged in the development and management of real estate in Latvia.
Estmak Capital is a real estate developer group. It is engaged in the development of residential and commercial real estate projects in the Baltics.
TGS Baltic’s team included Partner Andra Rubene, Senior Associate Aija Kreicberga, and Associate Anna Vaivade.
TGS Baltic did not respond to our inquiry on the matter.