Ants2ants Daily. Ramon Riera Torroba/FIABCI-Spain
Ants2ants Daily. Ramon Riera Torroba/FIABCI-Spain
Ramon Riera Torroba
Local Real Estate Projects (Latvia) Development projects
About me today
Residential apartment building in the Quiet Center of Riga Riga, Latvia
Ezerparks «Pilsēta pilsētā»
Total building area: Living space: Number of apartments: Number of parking spaces: Designers: Beginning of construction: End of construction:
2 664 m2 1 965 m2 10 14 Sarma&Norde Arhitekti, Ltd. November 2013 September 2014
http://www.dpg.lv/en/investments/18-elizabetes-4/ bu – gan dzīvokļos, gan fasādēs, gan kāpņu telpās atgriezušies interjera elementi, kurus nama būvēšanas laikā radīja slavenā būvfirma Šēls un Šefels.
Alberta iela 1, Alberta ielas 1. nams celts 1901. gadā, un tā veidolā atspoguļojas pāreja no eklektisma uz jūgendu. Šobrīd tas atguvis savu sākotnējo godī-
Gaumīga izsmalcinātība un pārticības apliecinājums greznajā fasādē, griestu rotājumos un stiklu slīpējumos veido vienu no skaistākajiem pieminekļiem rīdzinieku uzņēmībai divdesmitā gadsimta rītausmā. Tas šodien iekļauts arī UNESCO Pasaules mantojuma un Valsts arhitektūras pieminekļu sarakstā. Veicot nama rekonstrukciju, nostiprināti ēkas pamati, izveidoti jauni pārsegumi, restaurēta fasāde, nomainīts jumta segums, atjaunotas kāpnes, ieskaitot kāpņu
Multifunkcionālā projekta Ezerparks būvniecības koncepcija ir viena no vērienīgākām apbūves iecerēm, kas jelkad realizēta Baltijā. Jaunajam mikrorajonam ir potenciāls kļūt par vienu no vadošajiem Rīgas biznesa centriem pateicoties tā stratēģiskai atrašanās vietai: • atrašanās galveno reģiona un pilsētas transporta maģistrāļu krustpunktā • 5 minūšu attālumā no pilsētas centra • tiešs pieslēgums Ziemeļu koridoram un Via Baltica, Austrumu maģistrālei un Dienvidu tiltam Ezerparks kļūs par jaunu pattelpu ziedu rotājumus un matētos logu stiklu rakstus. Ēkas ārdurvis un dzīvokļu durvis atguvušas savu kādreizējo greznību. Vienlaikus ēkā parādījušās arī visas modernās ērtības – divi Otis lifti ar stikla durvīm un sienām, datortīkls, diennakts fiziskā apsardze ar video novērošanas sistēmu, ārdurvju sarunu iekārta un elektroniska ūdens un elektroenerģijas uzskaites sistēma. Piecstāvu ēkā ar cokolstāvu izbūvēti 20 ekskluzīvi dzīvokļi – katrs ar sešām, septiņām istabām 130 līdz 210 m2 platībā. Cokolstāvā paredzēta vieta arī sešiem veikaliem vai birojiem. Dzīvokļi ir pilnībā sagatavoti inter-
stāvīgu Rīgas mikrorajonu – „Pilsētu pilsētā” - ar mūsdienīgu infrastruktūru: • pārdomāta transporta kustības shēma un ērts piebraucamo ceļu tīkls • daudzveidīga sabiedrisko funkciju infrastruktūra – bērnu dārzi, sporta un atpūtas iestādes, plašas izklaides iespējas • topošais jaunais pilsētas publiskais parks ar unikālu kanālu sistēmu...
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http://www.neweurope.lv/ lv/projekti/ezerparks-pilsetapilseta/ jera iekārtošanai, griestiem atjaunoti dekori un rozetes, un tie ir nokrāsoti balti. Arī uz sienām ir atjaunoti visi interjera dekoratīvie elementi – dzegas un ieloces. Grīdas ir klātas ar ozolkoka parketu. Logi un iekšdurvis ir atjaunoti vai izgatavoti no jauna pēc vecajiem paraugiem. Saglabātas un restaurētas krāsnis. Pagalma pusē, sākot no otrā stāva, katram dzīvoklim ir balkons. Arī fasādes pusē esošie balkoni ir restaurēti.
Scan this qr code to get access to your first specially prepaid account (0,99 euro only instead of 29,99 for the first month) and start promotion of your properties in Ants2ants Daily.
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http://forburga.lv/projekti/ alberta-iela-1-riga/
Commercial Real Estate Projects from the worldweb
TOMSONA TERASES
CityZEN
Tomsona terraces – is a first luxury house built in the “Silent center” of Riga. In 2001 implementation of this kind of the project, created by one of the leading Latvian architects Zane Kalinka, was a real breakthrough. Flats are with big panoramic windows, balconies and terraces. Size of flats varies from 40-200 sq.meters. The house is provided with dayand-night security, video surveillance. On the first floor you can find reception and fitness center with a free entrance for the residents. There is ground and underground parking. R.evolution City developed the idea, concept of the project, involved investors, conducted full management of the project.
«CityZEN» is a living space you will love and which will love you. 10 minutes far both from the centre of Riga and from Jurmala, Zentenes Street 21 is a street with 1 ha large natural park, where there are located two houses (two-storied and seven-storied houses). A chestnut-trees parkway leads to the houses, surroundings are rich with greens - trees that have been growing untouched for several decennaries, a cultivated lawn, facilitated places for playgrounds and garden gatherings. Panorama elevators, from the floor till the ceilings large windows, roof terraces will let in the harmony of nature to your home.
http://rvlc.lv/en/
http://rvlc.lv/en/
#1 27 SEP 2013. ants2ants.com(c)
Kalnciema 2B
Total building area: Living space: Commercial area: Number of apartments: Number of parking spaces: Designers: Beginning of construction: End of construction:
Kalnciema 2C
Total building area: Living space: Number of apartments: Number of parking spaces: Designers: Beginning of construction: End of construction:
4 629 m2 2 689 m2 826 m2 24 244 (whole residence) Sarma&Norde Arhitekti, Ltd. December 2013 August 2014
FIABCI第64屆世界不動產年會 國際不動 產建築人士暢遊台中
Cuando FIABCI fue fundada en 1948 la red inmobiliaria actual no existía, a medida que ha ido pasando el tiempo, el rol de FIABCI en el sector se ha ido incrementando, junto a las necesidades de sus miembros, profesionales experimentados de todo el mundo, con una formación y una ética profesional que nos distingue y nos permite el acceso a información y a colegas profesionales, del más alto nivel, en todo el planeta.
（亞洲經濟通訊社記者諸葛志一／台中報導）來自全國47個國 家，近450位的會員及國際不動產專業人士陸續飛抵臺中，參 與27日正式舉辦的「世界不動產聯合會第64屆臺灣臺中世界年 會」。 http://www.myaena.net/print.php?nn_id=50&news_ id=6487&type=news 24.05.2013 To read more on Page2
FIABCI es la federación más destacada del sector inmobiliario. Agrupa a más de dos millones de profesionales del sector, ciento veinticinco asociaciones profesionales y cuenta con delegaciones en 60 países, estando presente desde el año 1959 en la ONU, donde ostenta el Estatus Consultivo Categoría II, en el Consejo Económico y Social de dicho organismo. Desde su creación ha ofrecido a los profesionales inmobiliarios la oportunidad de compartir sus conocimientos y experiencias, entre ellos y con la comunidad internacional, siendo por ello un catalizador de negocios a nivel mundial y una oportunidad para todos nuestros miembros de ampliar sus expectativas de negocio. Cuento con vosotros. Un saludo, Ramon Riera Torroba PRESIDENTE
Ramon Riera Torroba’s Twitter account is worth $179.47 With 502 followers, 440 tweets, 16 favorited tweets, 26 lists, and 674 friends, we have calculated that Ramon Riera Torroba’s Twitter account (@rieraeurofincas) is worth between $134.60 and $224.33 USD http://birdycash.com/cash-values/rieraeurofincas/ To read more on Page2
Ramon Riera Torroba
1- FIABCI y AddVANTE firman acuerdo
Asia Pacific Real Estate Congress 2013#Fiabci Spain@apigirona @api_cat es el momento de invertir en España@bmpsa pic.twitter. com/ZTUNIpRWmF
FIABCI España, grupo al que pertenecemos y del que Ramón Riera nuestre director es el presidente, ha firmado un contrato de colaboración con AddVANTE, os recogemos la noticia que han colgado ellos en su página web: «El Presidente de FIABCI España, Ramón Riera Torroba, y los Socios de la firma AddVANTE, Oriol Ripoll y Antoni Mustera, han anunciado la firma de un convenio de colaboración entre amba...s entidades para aprovechar su expertise inmobiliario y urbanístico y fomentar el desarrollo de las operaciones del sector, especialmente en el ámbito internacional.
https://twitter.com/ rieraeurofincas/status/375466928376000512
Este acuerdo estratégico permitirá aprovechar las sinergias que existen entre la excelente red de contactos
internacionales que ofrece FIABCI a sus miembros, susceptible de aportar nuevos negocios, y la dilatada experiencia del equipo de abogados especializados en el sector inmobiliario y urbanístico de AddVANTE, facilitando de esta forma a los profesionales del sector, el conocimiento sobre los mercados inmobiliarios, las prácticas profesionales más allá de nuestras fronteras y dando respuesta To read more on Page2
22 988 m2 11 812 m2 97 244 (whole residence) F.L.Tadao & Luksevics, Ltd. November 2014 February 2016
http://www.dpg.lv/en/investments/16-kalnciema-rezidence/
All content used in Ants2antsDaily Newspaper was taken automatically from free public Internet sources and search engines, edited and published using software of ants2ants.com(c) all rights reserved. Ants2ants team disclaims any responsibility for the context of any article used in Ants2Ants Daily and refers it to Internet editions mentioned as a resource.
On the fifth year of everyday research and customer development founders of ants2ants are ready to introduce their new product – Ants2ants Daily – personal real estate daily digi-
Local Real Estate Progects (Latvia) Cubitá Real Estate Development in Chitre Chitre, Panama Agent: Knightsbridge Investment Group Type of construction or its peculiarities: • New construction • Environment preservation The project’s purpose (category): • Housing • Office property • Resorts construction • Mixed type construction Exhibitions where the project was presented: capac panama
Cubitá Real Estate Development in Chitre Cubitá is the most authentic and ambitious hotel and residential real estate project on the Azuero Peninsula, specifically in the city of Chitre, conceived with the vision of rescuing and preserving the local expressions that have marked our nation’s identity.
About my partners/ competitors To get fresh mentions of your partners or competitors please fill in the form on our site ants2ants.com with the manes of the interested companies + To go to digital format scan this QR code
Ski Villa User owner: Hristo Nestorov RealmConsult Bulgaria, Bansko Type of construction or its peculiarities: • New construction The project’s purpose (category) Housing
http://www.eurofincas.es/ noticias_2.php?id=2
New product of ants2ants tal newspaper, which gives its owner the information about him personally, his company, his partners and competitors, news and investment projects of the real estate market which the owner of the newspaper is interested in. This product is being launched taking into account the trends of the personal search, mentions monitoring and personalization of the information feeds. Ants2ants co-founders Kateryna Pylypchuk and Oleg Orekhov are very happy to rep-
FIABCI España y AddVANTE han celebrado conjuntamente un nuevo evento en la sede de la APCE... http://www.fiabcispain.com/index.php/noticias/205-nuevoevento-de-fiabci-espana-y-addvante.html To read more on Page2
http://www.fiabcispain.com/
About my company. Page 2
@rieraeurofincas
Nuevo evento de fiabci España y addvante
Ramon Riera Torroba
Real Estate Market News (Latvia). Page 3 6 255 m2 3 805 m2 878 m2 34 244 (whole residence) F.L.Tadao & Luksevics, Ltd. December 2013 August 2015
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Kalnciema Rezidence Kalnciema 2А
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September, 27 2013
resent first samples of personal newspapers for the main board members of FIABCI and friends of ants2ants team on the 5th FIABCI European Congress in Riga, Latvia on September 2628, 2013. The monthly subscription on Ants2ants Daily will be 29,99 Euro. The first month subscription will be 0,99 Euro only. http://ants2ants.wordpress. com/2013/09/11/new-product-of-ants2ants/ 11.09.2013
Residence permits – a development opportunity for Latvia Citizens of other countries, by purchasing real estate in Latvia and thus obtaining a residence permit, exert positive influence on the overall situation in the
country, create new working places, pay for goods and services purchased from merchants thus supporting the local business, pay taxes strengthening
Ülemiste Center signs Phase 2 construction construction of an extension of contract Ülemiste Center signed a construction contract with Fund Ehitus which provides for the
Ülemiste Center, the construction of a three-storey parking garage and the alteration of the
All content used in Ants2antsDaily Newspaper was taken automatically from free public Internet sources and search engines, edited and published using software of ants2ants.com(c) all rights reserved. Ants2ants team disclaims any responsibility for the context of any article used in Ants2Ants Daily and refers it to Internet editions mentioned as a resource.
the Latvian economy, and arrange the environment. This view is expressed by Mr. Aigars Smits, Chairman of the Board of Directors of ARCO REAL ESTATE. Read More Latvia Real Estate News on Page 3 http://www.baltic-course. com/eng/good_for_ business/?doc=80463 12.09.2013 current interior design. Read More Latvia Real Estate News on Page 3 http://balticbusinessnews. com/article/2013/9/16/ ulemiste-center-signs-phase2-construction-contract 16.09.2013 ants2ants.com(c) 27 SEP 2013. #1
Ants2ants Daily. Ramon Riera Torroba/FIABCI-Spain
Ants2ants Daily. Ramon Riera Torroba/FIABCI-Spain
Real Estate Market News (Latvia)
About me today
FIABCI第64屆世界不動產年會 國際不動產建築人士暢遊台中 （亞洲經濟通訊社記者諸葛志一／台中報導）來自全國47個國家，近450位的會員及國際不動產專業人士 陸續飛抵臺中，參與27日正式舉辦的「世界不動產聯合會第64屆臺灣臺中世界年會」。24日有50位國際不 動產建築人士暢遊台中，，體驗文化、創意、美食及建築的臺中。 24日首發的旅遊行程是由台中建築開發商業同業公會策劃的City Tour-台中市觀光之旅，FIABCI總會的2 位前任會長President, Enrico Campagnoli(2010-2011)及President, Alexander Romaneko(2011-2012) 及4個分會的會長：盧森堡分會（Luxembourg）會長Carlo Hein、澳洲分會（Australia）會長 Christopher Mcgregor、奈及利亞分會（Nigeria）會長Lucas Kola Akomolede、西班牙分會（España） 會長Riera Torroba Ramon等，以及近50名國際不動產專業人士共襄盛舉、暢遊臺中創意美學之旅。
NUEVO EVENTO DE FIABCI ESPAÑA Y ADDVANTE
Residence permits – a development opportunity for Latvia
resident is not based on the amount of money to invest in a real estate; third-country nationals prefer the convenience and quality, so the amount of transactions is often several times higher than the statutory amount.”
Citizens of other countries, by purchasing real estate in Latvia and thus obtaining a residence permit, exert positive influence on the overall situation in the country, create new working places, pay for goods and services purchased from merchants thus supporting the local business, pay taxes strengthening the Latvian economy, and arrange the environment. This view is expressed by Mr. Aigars Smits, Chairman of the Board of Directors of ARCO REAL ESTATE.
Speaking of the growing Chinese interest Mr. Jay Yu a representative of the Chinese investment company LU JIE BEIJING INVESTMENT CO LTD indicates that “the Chinese people consider Latvia as a legal possibility to obtain a residence permit in the European Union.” Latvia is the door to the rest of Europe, where they invest money, stresses Mr. Jay Jo.
許多國際貴賓第一次蒞臨台灣，非常興奮的表達對台中的印象，西班牙分會（España）President, Riera Torroba Ramon說：「這是我第一次來台灣，我對台中的第一印象除了她是一座美麗的城市，特別是熱 情、友善的人情味！」 View more 臺中參訪美學行程有：內外結構具有獨 特藝術成分，也是台灣規模最大的中國 傳統式建築屋群的霧峰林家花園、日據 時代最大的釀酒工廠蛻變成為文化創意 產業的基地的臺中文化創意產業園區， 以及臺中人氣最旺的宮原眼科，還特別 端出臺中正宗道地的鳳梨酥、口味獨特 的冰淇淋。 http://www.myaena.net/print.php?nn_id=50&news_id=6487&type=news
24.05.2013
Ramon Riera Torroba’s Twitter account is worth $179.47 With 502 followers, 440 tweets, 16 favorited tweets, 26 lists, and 674 friends, we have calculated that Ramon Riera Torroba’s Twitter account (@rieraeurofincas) is worth between $134.60 and $224.33 USD. To refresh this page click the green arrows above (to the top-right of this blurb). Twitter Username: @rieraeurofincas Real Name: Ramon Riera Torroba
is granted by Twitter. If such permission is not granted, there is no (zero) market value or worth to this account.
Location: BARCELONA
Followers: 502 users
Website: http://www.eurofincas.es
Following: 674 users
Bio / Description: Agente y tesorero del Colegio de la propiedad #Inmobiliaria #Barcelona CEO Eurofincas amp; President #FIABCI Spain Siempre al servicio de las personas
Listed: 26 times
Account Created: Thu Jan 19 18:42:59 +0000 2012 Sales Information: With 502 follower(s), 440 tweet(s), 16 favorited tweet(s), 26 list(s), and 674 friend(s), we have calculated that the @rieraeurofincas Twitter account is worth between $134.60 and $224.33 USD on the open market. Please note, however that (according to Twitter.com’s Twitter Rules and Terms of Service), nobody is permitted to sell their account or username without prior written permission from Twitter, Inc. This appraisal report is, therefore, generated under the assumption that such permission
Tweets: 440 sent Last Tweet: Sent on Mon May 27 02:38:03 +0000 2013 from
Twitter for iPhone Favorited Tweets: 16 tweets Low-Range Appraisal: $134.60 USD Average Appraisal: $179.47 USD High-Range Appraisal: $224.33 USD Verified Account: No http://birdycash.com/cash-values/rieraeurofincas/
About my company
1- FIABCI y AddVANTE firman acuerdo Buscando fomentar el negocio internacional
FIABCI España, grupo al que pertenecemos y del que Ramón Riera nuestre director es el presidente, ha firmado un contrato de colaboración con AddVANTE, os recogemos la noticia que han colgado ellos en su página web: “El Presidente de FIABCI España, Ramón Riera Torroba, y los Socios de la firma AddVANTE, Oriol Ripoll y Antoni Mustera, han anuncia#1 27 SEP 2013. ants2ants.com(c)
do la firma de un convenio de colaboración entre amba...s entidades para aprovechar su expertise inmobiliario y urbanístico y fomentar el desarrollo de las operaciones del sector, especialmente en el ámbito internacional. Este acuerdo estratégico permitirá aprovechar las sinergias que existen entre la excelente red de contactos internacionales que ofrece FIABCI a sus miembros, susceptible de aportar nuevos negocios, y la dilatada experiencia del equipo de abogados especializados en el sector inmobiliario y urbanístico de AddVANTE, facilitando de esta forma a los profesionales del sector, el conocimiento sobre los mercados inmobiliarios, las prácticas profesionales más allá de nuestras fronteras y dando respuesta a las necesidades de internacionalización que demandan para afrontar con garantías el nuevo ciclo que está viviendo el sector inmobiliario. FIABCI es la federación más destacada del sector inmobiliario que agrupa a más de dos millones de profesionales y ciento veinticinco asociaciones y cuenta con una red global de miembros en más de 60 países. Asimismo, FIABCI destaca por ser una asociación comprometida con el desarrollo sostenible del planeta y estar presente desde el año 1959 en la ONU, donde ostenta el Estatus Consultivo Categoría II, en el Consejo Económico y Social de dicho organismo. Desde su creación, FIABCI ha ofrecido a los profesionales inmobiliarios, a nivel local, nacional e internacional, la oportunidad de compartir sus conocimientos y experiencias, entre ellos y con la comunidad global, siendo por ello un catalizador de negocios a nivel mundial y un puente hacia el mercado internacional, ayudando a sus miembros a promover sus propiedades, servicios http://www.eurofincas.es/noticias_2.php?id=2 23.08.2013
FIABCI España y AddVANTE han celebrado conjuntamente un nuevo evento en la sede de la APCE, Asociación de Promotores y Constructores de España, que se ha centrado en los principales aspectos legales de la prevención del blanqueo de capitales, medios de pago y aspectos formales en inversiones extranjeras en el sector inmobiliario.
El evento ha contado con la asistencia de más de 50 personas, entre promotores y profesionales del sector inmobiliario y urbanístico nacional e internacional, además de la presencia destacada del Presidente de FIABCI España, Sr. Ramón Riera Torroba y los socios de la firma AddVANTE, Sr. Oriol Ripoll, Sr. Ángel Pérez y Sr. Jordi Tamayo.
En el transcurso de la sesión se abordaron las obligaciones de información y colaboración que derivan de la Ley de “prevención del blanqueo de capitales y de la financiación del terrorismo” para los promotores inmobiliarios, agentes, comisionistas o intermediarios en la compraventa de inmuebles, tanto en operaciones nacionales como internacionales. Asimismo, y como tema también de especial relevancia, se llevó a cabo una revisión de las principales obligaciones formales que, en el caso de operaciones transnacionales, deben cumplirse ante la Administración Tributaria y ante la Dirección General de Comercio.
Nota de prensa elaborada por AddVANTE.
http://www.fiabcispain.com/ index.php/noticias/205nuevo-evento-de-fiabci-espanay-addvante.html
FIABCI members rave about Taichung jaunt TAIPEI, Taiwan -- Members of the FIABCI, an international group of real estate professionals, raved about a trip in Taichung on Tuesday that included a walking tour of local architecture and the “Sleepless in Taichung” nightlife excursion. The 84 members, coming from 17 countries, of the FIABCI 64th World Congress participated on Tuesday in Taichung and visited three local mansions on the architecture “Study Tour.” FIABCI President Riera Torroba Ramon, of Spain, as well as previous Presidents Alexander Romanenko from Russia and Alan Kok Mau tong from Malaysia were among the guests. International guests also had a chance to taste local delicacies on the tour. From exterior design to interior decoration, they commented on the effectiveness with which art is expressed through real estate, offering a theme for the buildings they saw in Taichung: “warm and meticulousness.” On the night of May 28, the
“Sleepless in Taichung” tour let foreign guests enjoy the city’s night life. The Real Estate Development Association of Taichung and local real estate development companies sponsored activities that featured Taiwanese culture at a number of real estate reception centers, inviting international guests and local real estate professionals to party until midnight. Two local reception centers provided a performance that united traditional folk song, plucked instrument, dancing and Chinese calligraphy, while at the same time offering the only specialty drink combining tea and wine in the world.
View more
http://www.chinapost. com.tw/taiwan/local/taichung/2013/05/30/379918/ FIABCI-members.htm 30.05.2013
All content used in Ants2antsDaily Newspaper was taken automatically from free public Internet sources and search engines, edited and published using software of ants2ants.com(c) all rights reserved. Ants2ants team disclaims any responsibility for the context of any article used in Ants2Ants Daily and refers it to Internet editions mentioned as a resource.
Mr. A. Smits seems illogical the situation where certain political forces have started to talk about the loss of the identity just now, when Latvia has become an EU member state and when there is adopted decision on transition from the Latvian national currency lats to euro. As shown by the data of the Office of Citizenship and Migration Affairs, active issuance of residence permits started already in the pre-crisis period. At that time, no one worried about the disappearance of Latvian national identity and transfer of Latvian properties into possession of foreigners, finds Mr. A. Smits. “Why is no one worried about Latvian brand businesses that no longer belong to Latvians?”, rhetorically asks the representative of ARCO REAL ESTATE. As shown by the statistics compiled by the OCMA, on 1 January 2010 there were 50,034 foreigners in Latvia with valid residence permits, on January 1, 2011 - 55,611 foreigners, and on 1 January 2012 their number had risen to 60, 285 persons. However, this increasing trend was observed already in 2006, when the OCMA had issued 6166 primary residence permits, while in 2007 this number had increased to 7315. This statistic suggests that the changes in the Immigration Act do not have any significant effect on the demand for residence per-
mits, but only preserved the pre-crisis dynamics, informs BC Kristiana Karklina from ARCO REAL ESTATE. The industry expert points out that investments made by non-residents are necessary for Latvia. Although the property rights are transferred to foreigners, we can see only positive impulses, and Latvia no longer needs the resources to attract tourists as the country name sounds far beyond its borders. “If we prohibit to make investments in Latvia, it will be done in other places. It does not matter who owns the property, because nobody will take away it from the country”, says Mr. A. Smits. Some people believe that real estate companies are the only ones who remain in the win and gain profit from the involvement of non-residents and the mediation in transactions. A similar opinion was expressed about the banking sector, which sells seized properties at inflated prices, but this opinion is incorrect. For the first, the statistics of transactions serviced by ARCO REAL ESTATE shows a completely opposite picture, namely that the proportion of residents compared to those third-country nationals who acquire real estate in Latvia in order to obtain a residence permit, is greater. Looking back on transactions made in 2013
during the period from January 1 to September 1, it should be noted that the activity of local buyers was higher - 85% of all real estate purchases registered by ARCO REAL ESTATE, while transactions with non-residents reached the level of 15%. For the second, the number of properties purchased by non-residents from banks is not big because purchase price of such properties often does not reach the required level of compliance with the conditions for obtaining a residence permit.
“To the sceptics, who point out that Latvians are not given the opportunity to purchase properties because the properties at inflated prices are repurchased by non-residents, I recommend starting analyzing the situation - all have the same rules of the game. Why Latvians did not buy property for an amount exceeding LVL 100,000, before the changes to the Immigration Act? “, ironically asks Mr. A. Smits. http://www.baltic-course. com/eng/good_for_ business/?doc=80463 12.09.2013.
Observing trends in the real property market, especially in the areas most popular among non-residents, for example, in Jurmala, you can make a favourable conclusion: contrary to popular belief that non-residents only buy already built and ready-to-move-in apartments, in fact, foreigners often purchase land plots, which after a careful clean-up and development of infrastructure is built up. Such activities of non-residents not only have a positive effect on the economic situation in the particular area as all taxes related to business, construction and maintenance of real estate are being paid, but also create new jobs for local builders. Mr. A. Smits, Chairman of the Board of Directors of ARCO REAL ESTATE, points out: “It is no secret that the builders can not be considered a cheap labour force; the level of their salaries at the facilities being built by non-residents has increased. The most important thing is that their earnings return back into circulation in the shops and cafes, which in turn stimulates the local business activity.” The Immigration Act provides that in order to obtain the right to request a residence permit, a non-resident must invest LVL 50,000 in purchase of real properties (in Latvian regions) or LVL 100,000 (in Riga or major cities of Latvia). The question as to whether this investment amount is not too low, is answered by Mr. A. Smits, Chairman of the Board of Directors of ARCO REAL ESTATE, as follows: “Our experience has shown that the choice of a non-
Latvia’s Offer of Residency Lures Investors RIGA, Latvia—Four months ahead of its planned euro-zone entry, Latvian lawmakers are debating whether to roll up a special welcome laid out three years ago for deeppocketed investors from outside the European Union. The Baltic nation of about two million people, which joined the EU only in 2004, was just beginning to recover from the economic crash of 2008-09 when it decided to try to attract investments by offering five-year residence permits in exchange. Since 2010, the offer has pulled in nearly $1 billion worth of foreign investment in
real estate and equities, according to Latvia’s Office of Citizenship and Migration Affairs. Real-estate investors must spend a minimum of 50,000 or 100,000 lats ($95,000-$191,000), depending on location, to get a permit. Those buying Latvian equities need to invest at least 25,000 lats. But although supporters of the program say it benefits the small economy, nationalist politicians oppose it, claiming it is distorting the market and letting in too many foreigners— especially Russians. The impending adoption of the euro has given them a
chance to challenge it in Parliament because it is one of a laundry-list of fines, fees and other charges that need to be converted from amounts set in lats to the euro, which the country will adopt Jan. 1. Nearly 7,000 people—75% of them Russian—have been approved for the permits, which come with the possibility of unlimited renewal. Others buyers have come from Ukraine, Kazakhstan and China. Related • Emerging Europe Is a Haven in Selloff The National Alliance, the smallest of three parties in the governing coalition, launched
its attack last week, calling the «dramatic» influx «a modern colonization of Latvia.» The phrase harks back to the statesponsored migration of Russians and others to Latvia during the Soviet era. «If during the [Soviet] occupation, colonization was organized by the stooges of an alien power, then today immigration is permitted by the parliament of independent Latvia,» the party’s statement said. Latvia isn’t the only EU country experimenting with offers of residency as an economic stimulus, although its deal seems to be the least expensive—and the most popular.
Spain’s Parliament is expected before year-end to approve a program to award resident status to those who spend at least €500,000 ($646,700) for real estate or invest at least €2 million in its sovereign debt. Greece began a similar program in April for purchase of a property for €250,000 or more. It awarded its first permit in August. Portugal, which set the bar at €400,000, has issued only a few dozen permits since it started in October. Ireland, after approving only nine applicants in the first year, lowered the property criteria in July by €50,000, to at least €450,000.
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Ülemiste Center signs Phase 2 construction contract Ülemiste Center signed a construction contract with Fund Ehitus which provides for the construction of an extension of Ülemiste Center, the construction of a three-storey parking garage and the alteration of the current interior design. The total investment cost of the new stage of Ülemiste Center will amount to around 40 million euros. Stage II construction activities involve the construction of a new part of the building comprising 32,000 square metres, a new main entrance and a three storey parking garage. In addition, all of the current center will be given a new, modern look. Following the completion of stage II of Ülemiste Center in October 2014, the total area of the center will amount to 92,000 square metres and leasable space close to 60,000 square metres, and the center will accommodate 210 stores and restaurants. The modernisation of the existing premises will be started at the beginning of 2014. The construction startup of the Ülemiste expansion project follows the recently announced EUR 84,5m financing agreement made with SEB. The author of stage II of Ülemiste Center is Einar Aakeroy, a Norwegian architect (AMB Arkitekter AS). Estonian partners include EA Reng AS (design work), Joonprojekt OÜ (interior design) and AE Projekti Insener OÜ (construction supervision). Ülemiste Center (opened in 2004) is a family centre that provides goods and services in more than 150 different shops and service areas. The owner and developer of Ülemiste Center is Linstow AS (Norway), which manages and develops commercial real estate in the Baltic States (incl. six shopping centers in Latvia), Norway, Portugal, Sweden and Russia. In Estonia Linstow also owns Radisson Blu Hotell Olümpia and Park Inn Central Tallinn. Linstow belongs to the Awilhelmsen AS investment firm. Toomas Hõbemägibbnaripaev.ee http://balticbusinessnews. com/article/2013/9/16/ ulemiste-center-signs-phase2-construction-contract 16.09.2013 But applicants there also have to invest €500,000 in a special five-year bond, which pays no interest. Hungary’s offer of permanent residence to non-EU nationals who buy at least €250,000 of a special-issue bond also has reportedly attracted little interest.
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