Emitents | ABLV Bank, AS (549300IHIJ7SCANBWN17) |
Veids | Citi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2014-10-21 08:49:47 |
Versijas komentārs | |
Teksts |
Along with a general growth in the property market during nine
months of this year, good results were shown by the property
development and trading group Pillar that within 9 months has
managed to sell properties with a value of EUR 26.9 million.
Whereas in the same period last year the sales results equaled EUR
24.8 million. Within nine months, the total amount of Pillar sales deals has increased together with their number. During these months, 475 sales deals were closed, that is 28% more than in the corresponding period last year. As for new and reconstructed properties, 113 apartments were
sold, among them there were 4 premium-class apartments in
“Elizabetes Park House”. In uniform apartment blocks, 314
apartments were sold: 216 apartments in Riga and 98 outside the
city. Along with these sales, 29 sales deals of private houses were
concluded and 8 land plots were sold. Not marking time, we are developing one of the most important projects for Pillar and ABLV Group in general — the financial and business centre “New Hanza City”. In August, having undertaken the development of New Hanza City (NHC), Pillar purchased Riga’s office of the German architect bureau Schaller Kyncl Architekten Stuttgart. Thus, a new enterprise Schaller Kyncl Architekten Riga joined Pillar group. The aim of the architect bureau takeover is to concentrate all processes related to the project NHC “under one roof” that will help to structure and optimize work of Pillar within the frames of this large-scale project. The task of Schaller Kyncl Architekten Riga is to elaborate all necessary technical documents for the project, so that in 2015 first construction works can be started in the territory of NHC. In our portfolio of reconstruction properties there are special and appreciated by our clients property projects, such as: «Elizabetes Park House», «Saules Rasa», «Pine Breeze», «Mārtiņa Nams 2», «Liesmas Apartment House», «Dārza Apartment House», «Lielezeres Apartment House» and others. Read more about Pillar and its properties on the website: www.pillar.lv. Pillar Holding Company, KS, established in 2008, is owned by the largest private bank in Latvia – ABLV Bank, AS, and it includes ABLV Group companies that operate in the field of real estate development, management, and trade. Pillar holds one of the largest real estate portfolios in Latvia, which comprises apartment blocks, apartments, private houses, land, and commercial properties. In total, Pillar supervises about 750 properties worth approximately EUR 65 million. So far the company has invested the total of EUR 15 million in renovation of properties. Ilmārs Jargans |
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