Properties for reconstruction

Acquisition by investors of historical buildings in downtown Riga and their reconstruction for residential project, hotel or a tenement building is one of the strongest current trends on the Latvian real estate market.
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Stages in the selection process for commercial property:

  1. Keeping the client’s key requirements and criteria in mind, we offer advice regarding current market conditions and recommend the optimal type of commercial property for them.
  2. We offer the client a few properties in the selected category, and also share the results of the analyses for feasibility and anticipated return, as well as its development potential.
  3. We supervise all the stages of the transaction – from the first meeting to meeting all the requirements of the parties and signing of the documents at the notary’s office.
  4. We will take upon ourselves to organise the property evaluation, in addition to the due diligence and negotiation process.

A few examples of the buildings for reconstruction sold by Silver Fox

Building for reconstruction in the embassies neighborhood
Riga, Elizabetes Street
  • Property: façade historical building (architectural monument) and two yard buildings. Total area – 2,350 m2.
  • Location: historical centre of Riga, in a prestigious district with many embassies and exclusive residential developments.
  • Development: historical buildings were reconstructed for luxurious apartments.
  • Negotiations took 1.5 months; the drawing up and signing of agreements took two weeks.
Sold
Building for reconstruction in the historical centre
Riga, Kalnina Street
  • Property: façade historical building (architectural monument). Total area – 3,759 m2.
  • Location: historical centre of Riga, in close proximity to the Vermanis Park, within two blocks of the Old Town.
  • Development potential: reconstruction for apartments, offices and commercial premises.
  • The deal was concluded in record time – 1.5 weeks.
Sold
Building for reconstruction in the centre of Riga
Riga, Tallinas Street
  • Property: façade historical building, total area – 2,464 m2.
  • Location: on the edge of Riga’s historical centre, in a residential neighborhood with well-developed infrastructure.
  • Development potential: renovation into economy-class apartments.
  • The negotiations took a month, and the drawing up and signing of agreements took three weeks.
Sold

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