Good for Business, Latvia, Real Estate

The parties involved in the transactions would not disclose the price of the deal.

The building at 1 Kungu Street is the second invest made by Corum Asset Management in Latvia. In 2018, Corum Asset Management purchased Elko company's head office in Riga. 

Baltic RE Group founder and CEO Giovanni dalla Zonca said that Baltic RE Group will continue to invest in the region where it is already completing important new projects.

Baltic RE Group was advised in the transaction by Catella Corporate Finance and Ecovis Convents Law Office, while Corum Asset Management was represented by Cobalt.

The French-registered Corum Asset Management invests in real estate in Europe. The total value of the assets under the fund's management exceeds EUR 3 bn.

Baltic RE Group's business lines are purchase and sale of real estate, its lease and management. The holding is the largest lessor of all-purpose high quality commercial areas with state-of-the-art facilities in Old Riga.