News not to be missed

Eolus, a renewable energy developer, has sold a greenfield wind power project “Pienava” to Latvenergo, Latvia’s state-owned energy company. Eolus will continue to manage the development of this project until its completion. The wind farm is expected to start commercial..

Sõbra Ärikeskus recently completed the sale of four retail properties across Estonia. These properties, leased by Bauhof — one of Estonia’s leading construction retail chains, part of Vilniaus Prekyba group — and A1000, a popular grocery and household items retailer,..

COBALT banking & finance and real estate & energy teams are honoured to have assisted European Investment Bank (EIB), SEB, and Luminor in connection with making available EUR 62 million in financing to Sunly’s subsidiary Metsapäike Risti OÜ to support..

The insurance company BALTA filed a claim against the Latvian company UNITRUCK, which specializes in truck conversions. BALTA sought damages of nearly EUR 469,000, in addition to statutory default interest, following a truck fire during the warranty period. COBALT’s client,..

The Danish renewable energy developer European Energy has secured EUR 68 million in financing to construct a 148MWp solar farm in Latvia. The financing package comes from a consortium of financial institutions, including the Nordic Investment Bank (NIB), Luminor Bank,..

Lidl Latvija SIA has finalized the sale of its newly-built property located at Lapsu street 6 in Riga to VK 47 SIA for 8.315 million euros.  Under the terms of the agreement, Lidl will remain in the building as a..

Real estate developer and manager Linstow Baltic has selected Snabb as the new parking operator for all its properties in Riga.   Snabb’s expansion into Riga will introduce major innovations. License plate recognition cameras will replace traditional ticket terminals, and contactless..

The Austrian HS Timber Group has acquired 100% of the shares of Latvian wood processing company Vika Wood SIA from its Swedish owner, Bergs Timber AB. Based in Vienna, HS Timber Group is one of the leading wood processing companies..