The transaction was carried out following the sale-leaseback scheme, which means that even after the change of the real estate owners, the seller of the object, which is one of the strongest logistics service providers in Latvia, will continue to provide and expand the logistics service in the warehouse complex due to a long term lease. The sale-leaseback transaction of the complex of warehouses took place to implement the seller’s long term strategy – diverting the resources for the main business of the company: providing the logistics services.
Orkla Finans is a part of the Orkla Group, which is one of the oldest and biggest companies in Norway. This is the first investment in Latvia.
“This transaction confirms that the foreign investors are to a great extent interested in the commercial real estate market of the Baltic States. NAI collaboration partners – private as well as institutional investors and their fund operators – are searching for qualitative investment objects, that would be a successful capital investment,” stated Valdis Ligers, NAI Baltics principal.
NAI Baltics is the representative of the world’s leading commercial real estate consulting firm network NAI Global in the Baltic States. NAI Global has 325 offices in 55 countries, so the network of 5 000 professional consultants covers every geographical corner of the world. As the world’s leading managed network of commercial real estate firms, every year NAI concludes contracts for real estate development, lease, purchase and sale consultation and management, real estate portfolio services of corporative clients, investment acquisition and opportunities for more than USD 45 billion. It is achieved by working together to help clients strategically optimize their assets.
For further information, please contact NAI Baltics:
95 Brivibas Street
LV 1001, Riga
tel +371 67 31 23 96
fax +371 67 31 23 97