According to SJSC ‘State Real Estate’ (SRE) board member Andris Vārna, the company has announced that it accepts applications for the auction of the building at Eksporta iela 6 in Riga, while a new auction will be run for the house at Kalķu iela 24.
‘These auction properties are a chance to buy real estate in prestigious locations in Riga. Both Eksporta iela 6 and Kaļķu iela 24 allow a variety of uses, both as office space and other commercial premises,’ Vārna explained.
The property at Eksporta iela 6 consists of aliquot parts of a land plot with a total area of 1650 m2 and the buildings on the plot, including an office building with a total floor area of 5854.1 m2, an open area with a pavestone and concrete surface and a total area of 336.7 m2, as well as utility system lines and structures.
The potential uses of the property are diverse, but the architectural history of the building and its current conditions suggest developing it as office premises as the best possible option.
The property is located at the corner of Eksporta Street and Vašingtona Square, overlooking Dziesmusvētku Park and Andrejosta. The Eksporta iela 6 building is an architectural heritage site built in 1913 based on a design by architect Max Deubner, and it is a part of the Forburga development quarter.
The area surrounding the Eksporta Street property has well-developed public amenities, with access to adjacent streets and public transport. All necessary utility systems are available on the grounds of the building.
The auction for the real property at Eksporta iela 6 will take place between 13 February 2024 and 14 March 2024. Interested parties will be able to apply for it until 4 March 2024. The initial price is set at EUR 1,700,000, with a bidding increment of EUR 10,000. For more information about the auction and the property, visit the auction’s official website at izsoles.ta.gov.lv.
In addition to the Eksporta iela 6 auction, SRE announces a repeat auction for the real property at Kalķu iela 24 in Riga. The property consists a plot of land with a total area of 1150 square metres and an office building with a total floor area of 3979.1 square metres. The building, whose operation began in 1894, is located in the Old Town of Riga, across from Līvu Square.
The Kaļķu Street property offers a broad range of potential uses, including commercial and residential development. Its technical analysis revealed that its structures are stable and robust, in a satisfactory technical condition. The property is particularly suitable for future commercial activities, given its excellent and prestigious location in the Old Town of the city.
The Kalķu iela 24 auction will take place between 31 January 2024 and 1 March 2024. Interested parties will be able to apply for it until 20 February 2024. The initial price is set at EUR 2,930,400, with a bidding increment of EUR 10,000. For more information about the auction and the property, visit the auction’s official website at izsoles.ta.gov.lv.
For detailed information about the auctions and properties, go to izsoles.ta.gov.lv. To book visit of the properties, call the number shown in the announcement.
More photos available here.
In accordance with the company’s strategy, SRE maintains long-term ownership of the properties necessary for public administration, while the properties that are not necessary for the public institutions in the long run and that generate losses to the state are sold via public auction or transferred to other owners in accordance with the procedure established by law. Properties in the main portfolio that generate losses and cannot be leased to commercial tenants are put up for sale, making it possible to find a new use for them.
SRE provides professional real estate management and maintenance for 419 building and structure properties, comprising 1049 buildings with a total area of 0.98 million m2, as well as land beneath structures with a total area of 585 ha, and 3385 land properties with a total area of 937 ha. SRE is one of 17 Latvian companies that received the highest platinum award in the Institute for Corporate Responsibility and Sustainability's Sustainability Index 2023, demonstrating good governance and sustainability of its operations. The company was founded in 1996 and the Ministry of Finance is its sole shareholder.
