Events, data and analysis from the Baltic economies
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Estonian construction company Revin Grupp has secured a €9.94 million contract, including VAT, to build a new kindergarten in Narva’s Kreenholm district. According to ERR’s report on 14 October, construction is expected to begin within a month. The…
A subsidiary of Lithuanian retailer Maxima LT has acquired a development site in Vilnius for almost €5.53 million following a competitive state property auction. Jamdena bought the property in the Šeškinė district from state-owned property manager Turto bankas.…
Lithuanian investment fund Capitalica Baltic Real Estate Fund I has reported investor subscriptions of €2.015 million in the third tranche of its bond offering, attracting 141 investors. Nasdaq Baltic has approved the admission of an additional €2 million…
Lithuanian investment company Tewox has announced the completion of a new grocery retail property at Tunelio Street 4A in Vilnius, developed through its managed company Esulda. According to the developer, the project involved investment of approximately €6 million…
Construction has begun on a new progymnasium in the Pavilnys district of Vilnius. The nearly 11,000 m² complex will include 32 classrooms, laboratories, sports facilities, a four-lane 25-metre swimming pool and a 1,126 m² shelter. The school is…
Housing prices continued to rise across the Baltic states in the second quarter of 2026, but the three markets are increasingly moving in different ways. According to the national statistical agencies, Lithuania recorded the fastest annual increase at…
PhotoLithuanian investment manager Prosperus Asset Management has agreed to acquire the Ozas shopping and entertainment centre in Vilnius from NEPI Rockcastle for €200 million, in one of Lithuania’s largest commercial real estate transactions. The acquisition is being made…
The data point to three different pressure points:
PhotoLatvia’s state-managed real estate portfolio totals just over 1 million m², according to data from the state asset manager. State-owned company Valsts nekustamie īpašumi (VNĪ), which manages part of Latvia’s public real estate, reports: Total managed area: ~1.01…
Photo🇪🇪🇱🇻🇱🇹 Baltics: overcrowded, but not building
Photo🇱🇹🇱🇻🇪🇪Baltic Construction 2025: Diverging Cycles Across Estonia, Latvia and Lithuania