Following the objectives of its operation, New Hanza Capital has added to its managed real estate portfolio a logistics park in Riga consisting of warehouse buildings at 462 Maskavas St. and 464A Maskavas St. The property was purchased at the auction for EUR 4.6 million, as well as there were some minor investments in purchasing affiliated buildings.

Logistics park covers area of 12.55 ha where three modern warehouse buildings built in the last 10 years and containing office rooms stand. The total leasable area of the logistics park constitutes 26,000 m2, while the largest tenant is one of the leading motor industry companies in Baltics – Latakko, SIA. There are also some minor constructions at the territory that will be dismantled thus clearing another 7.5 ha land plot for development. Therefore development of a design of a new A class 25,000 m2 warehouse building have been started.

The logistics park in Riga will greatly extend the range of warehouse premises leased by New Hanza Capital. By now, the company had in its portfolio a logistics park “Piepilsētas” in Ķekavas Region that it acquired at the end of 2016. The total leasable area of this park amounts to 13,360 m2 and it currently it is fully leased.

This announcement contains inside information.

New Hanza Capital, AS is a company founded in 2006. The objectives of its operation includes investing own and third party funds in commercial real estate objects to achieve sustainable increase in income from renting the premises, long-term capital growth and enlarging of the value of properties. The biggest shareholder of New Hanza Capital, AS is ABLV Bank AS, owning 88% of the company’s shares. The company’s real estate portfolio includes office buildings at VEF neighbourhood, airBaltic central office at Riga International Airport, logistics centres in Riga and Ķekava Region and other objects. The total leasable area of the premises exceeds 57 thousand square metres.

         Jānis Bunte
         PR Specialist
         Tel.: +371 6777 5432