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One of the biggest Latvian real estate transactions of 2011 was conducted with the support of Colliers International Latvia
Colliers International Latvia recently represented interests of One Baltic Investment Group in one of the biggest real estate transactions conducted in Latvia in 2011. As a result of the transaction One Baltic acquired more than 300 apartments and parking lots in a residential complex located on Kaivas Street in Riga. This transaction amounted to EUR 15.6 million.
The acquisition of the complex continues an already established, 18-month long collaboration of both companies. During the whole process, Colliers International Latvia consulted One Baltic on site selection and transaction structuring issues. As a result, Colliers assisted in acquisition of five real estate properties – one office building, a building property in city centre, as well as three multi-apartment buildings in Riga and its immediate vicinity. The total investment amount exceeded EUR 32 million.
One Baltic Investment Group specializes in real estate investments in the Baltic States, Ukraine and Russia. The company primarily concentrates on investment in objects such as office buildings and residential properties with high liquidity.
