East Capital Real Estate signs new deal in Riga cover image

East Capital Real Estate signs new deal in Riga

East Capital Baltic Property Fund II has today acquired a retail property in Riga, which is long term leased to Prisma Hypermarket (‘Prisma’).The property is located on Deglava street in Riga, one of the main traffic arteries eastbound from the city, and in the middle of a densely populated residential area. The retail property is a new, modern building with high standards and an area of 20 000 sqm which also includes 650 parking places. The property is being sold by Finnish real estate development fund VCA Baltic Retail Fund, managed by Vicus Capital Advisors. Read more