Lithuanian Fund invests over €200 million in office project in Riga

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Lithuanian Fund invests over €200 million in office project in Riga
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Lords LB V Special Fund, controlled by the investment company Lords LB Asset Management, plans to invest more than 200 million euro in a project in Riga.




As noted in a press release from Lords LB Asset Management, this is the first such large investment of the company in an office project abroad and it will be the largest project of its kind in the Baltic States.

“This project in Riga is one of the first steps in expansion of its investment geography. This is the first investment, which the company has made in a commercial real estate development in Lithuania”, the document quotes the director at Lords LB Asset Management, Domas Kacinskas.

It is unclear yet what is planned to be built on the plot of land with an area of 5.8 hectares.



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