Almost €1.4 billion was invested in commercial real estate in the Baltic States for 2015.
The largest amount of investment received Estonia - €544 million, Lithuania in second place with €444 million, and in the Latvian commercial real estate has been invested €394 million.
In comparison with 2014, the year growth of investment amounted to more than 61%.
The amount of investment in 2015 exceeded even the rate of investment in successful 2007.
The main objects of investment were mainly commercial properties with a selling price of more than €400K, except for land plots.
Most of the Latvian part of the investment has been formed due to the conclusion in 2015 of three big transactions: the Blackstone Real Estate Fund, the largest in the world, has acquired three shopping centers in the capital of Latvia - "Alfa", "Mols" and "Dole". This transaction is a part of a larger deal of large property package purchase in Scandinavia.
At the same time, experts note that the level of development of Riga real estate market loses other Baltic capitals, Tallinn and Vilnius.
Based on materials of baltic-course.com
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