In Q1 2022, total investment volume in Latvia exceeded EUR 75 million, with several notable investment transactions and half of the activity again observed in the retail segment. The rental residential segment continues to gain momentum – LHV acquired 5 rental apartment buildings (3 of them newly built in 2021) with more than 100 apartments in total for EUR 9 million in the Avoti district. Significant activity was also observed in the development segment with more than EUR 35 million spent on development properties.
 
In Q1 2022, the Riga industrial market has been quiet, no new projects were started and no notable projects finished. For now, construction of development projects (GLA >180,000 sqm) continues, while no new developments were planned to start around this time.
 
The professional retail objects continued to change owners and improve their strategies. K3 Imanta Mall (also known as Imantas Tirgus) was acquired by Green Formula Capital, while the recently-acquired SC Alfa was renamed as SC Akropole Alfa (the existing SC Akropole is now SC Akropole Rīga).
 
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