On January 10, 2020, New Hanza Capital, AS, (hereinafter – the Company) concluded conditional agreements with EfTEN Real Estate Fund III, AS to sell headquarters building of Air Baltic located in Riga Airport as well as production and storage facility located in Kekava region near Riga. 

With the transaction the Company will sell 100% holding in the 2 following companies owning the real estate:

• NHC 1, SIA with a share capital of € 500 000, owning commercial building located at 3 Tehnikas Street, Riga Airport, Marupes district, Republic of Latvia. Building belonging to the Company is located on the land, for which the right of superficies exist, belonging to Riga Airport (VAS ‘Starptautiska Lidosta ‘Riga’’). The building was completed in 1977 and fully renovated in 2016. The total surface area of the building is 6 556.4 m² and it is wholly occupied by Air Baltic Group under the fixed term rent agreement valid until 2026. There are 77 parking places on the registered immovable property.
• NHC 3, SIA with a share capital of € 700 000, owning a registered immovable property located at Krustkalni, Kekava municipality, Kekava district, Republic of Latvia. The production and storage facility located on the registered immovable property was completed in 2007. The surface area of the premises is 14 101.1 m². There are 123 parking places on the registered immovable property. 99% of the building is leased.

The total cost of the transactions is approximately EUR 15.8 million and they should be completed after the pre-conditions of agreements will be met.

New Hanza Capital, AS is a company founded in 2006 that is investing its funds in commercial properties. The objectives of its operation include investing own and third party funds in commercial real estate objects to achieve sustainable increase in income from renting the premises and enlarging of the value of properties. The company’s commercial real estate portfolio includes office buildings at VEF neighbourhood, airBaltic central office at Riga International Airport, office building at 23 Elizabetes St., logistics centres in Riga and Ķekava Region and other objects. The total leasable area of the premises exceeds 77 thousand square metres.

         Artūrs Eglītis
         Head of Communications
         New Hanza Capital, AS