WALLESS Assists in Sale of Valuable Land in Riga for Commercial Development

WALLESS assisted UCTAM Baltics SIA in the sale of several land plots with a total area of 7,3 hectares in Riga at the intersection of Ventspils and Lielirbes streets.

The transaction’s value was 5.5 million euros. The land was acquired by URBAN INVENTORS, part of the Lithuanian SBA Group business. 

URBAN INVENTORS are well known Lithuanian real estate developers with a solid track record of successfully implementing real estate projects for business centers.

According to URBAN INVENTORS, the acquired land is intended to be used for campus-style development for high-tech companies, educational institutions, and science laboratories as a synthesis of the workplace and living area, with a complex ecosystem.

WALLESS senior associate Andis Ozoliņš and partner Sintija Radionova worked on the transaction.

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