Eastnine acquires land plot in central Riga
Eastnine AB (publ) acquires a strategically located land plot totalling approximately 11,500 sq.m. in central Riga for EUR 9.5 million. The property contains a development potential of nearly 38,000 sq.m., of which approximately 34,000 sq.m. refers to new development.The property, which originally housed the Kimmel brewery, constitutes almost an entire block along the main street Krisjana Valdemara in Riga. Eastnine already owns three additional properties along the same street. Today the property contains approximately 4,000 sq.m. cultural heritage area, that must be preserved but can be