Bonava the Largest Residential Developer in Latvia

Sweden Sweden Based on the number of newly constructed apartments registered and sold, Bonava Latvia has become the country’s largest residential development company, according to aggregate property market data. These results were taken from the annual market survey Residential Market Report. Riga City and other regions. 2017 Q4, performed by the property company Latio, which compiles and compares figures for various players in the industry.

2018-03-23

Share via e-mail

"It’s no coincidence that Bonava is now the largest residential development company in Latvia. Since we decided to work with a clear customer focus and cost efficiency, we have advanced our position. We’re now continuing with our plan with the goal of strengthening our position, as we are seeing considerable demand for affordable housing in attractive areas," says Joachim Hallengren, President and CEO of Bonava.

The data shows that 1,149 apartments were sold in new projects in Riga last year. 




Axel Ohlsson
axel@nordicpropertynews.com




Victoria Park Makes First Purchase After Vonovia Takeover

Sweden Sweden Per Ekelund, CEO at Victoria Park, tells Nordic Property News about the first acquisition since Vonovia's entry: “Hoping for more.”


Castellum Sells to Stendörren

Sweden Sweden Castellum is selling a portfolio consisting of eight properties in the Bäckby industrial area of Västerås to Stendörren. The properties comprise a total of nearly 41,500 sq.m. of office, warehousing and industrial premises. Sales price amounts to MSEK 313 (EUR 30M).

Niam Appoints Director

Sweden Sweden Niam has appointed Christian Ekberg Director, Acquisitions.

Dutch Company Launches New Retail Concept to Take International Players to Sweden

Sweden Sweden Dutch Brandspot launches new retail concept to take international players to Sweden. CEO Ilona Tailade tells Nordic Property News of the new way to take international retailers to the Swedish market – and why they have chosen to start in Gothenburg instead of Stockholm.

Willhem Purchases for EUR 46M

Sweden Sweden Willhem is expanding their portfolio in Stockholm by acquiring residential in Täby, Stockholm, from SSM.


SBB Acquires Saab Kockum's HQ

Sweden Sweden SBB has acquired Saab Kockum's HQ in Karlskrona. SBB are looking to turn the office building into a school.

”Swedish Companies Act Too Cowardly”

Sweden Sweden Why does Rutger Arnhult head towards the American market and why does he believe Swedish companies act too cowardly?

Who Owns Sweden's Most Expensive Buildings?

Sweden Sweden The Swedish crown jewels are stored in the Royal Palace in Stockholm. But who owns the real estate crown jewels of Sweden? Nordic Property News has the complete list of owners of the 20 most expensive properties in Stockholm, Gothenburg and Malmö.

Pandox Acquires The Midland Manchester

Sweden Sweden Pandox has entered into an agreement to acquire The Midland Manchester, which is an iconic upper premium hotel with 312 rooms in the heart of Manchester in the UK. The transaction is made with Fattal Hotels Group as operating partner, whereby Pandox, following a legal reorganisation, will retain the property and the hotel operations will be transferred to Fattal. The total transaction value amounts to approximately MGBP 115, whereof the value of the hotel property amounts to MGBP 102.

Change in CEO at SGBC

Sweden Sweden Cecilia Ehrenborg Williams steps down as CEO of SGBC. John Söderberg steps in as acting CEO.