In Q4 2021, an additional EUR 165 million was invested in Latvian real estate, meaning that the highest ever investment volume of EUR 665 million has been reached in Latvia – two times higher than the figures achieved during previous years.

The largest part of investment volume came from retail deals, such as the sale of SC Alfa, SC Ozols, the newly built DEPO DIY in Imanta, SC Valdeka in Jelgava, Juglas Centrs and Stockmann DS which altogether were responsible for 48% of yearly investment volume.

The most significant retail market entry in Q4 2021 was the opening of the first 17 LIDL stores in Latvia.

In Q4 2021, the Riga industrial market saw completion of construction work on 3 buildings in A6 Logistics Park, bringing over 27,000 sqm of new logistics space to the market.

The Riga office market saw the start of construction work on two new Class A projects (Elemental by Kapitel and Verde, stage II by Capitalica) in Skanste district.