This historical hotel building in the very heart of Riga remained unsold for a long time because of strained relations between the owners, and due to other complications. One building was owned by a Latvian company, which belonged to a Swedish holding...
The property was encumbered by rent agreements recorded in the Land Register. Additionally, certain adjustments had to be made because of the status...
The owner of the supermarket chain — the anchor tenant in this case — was also the owner of the property and the seller. The sale price and the leaseback rate guaranteed the buyer a moderate but reliable yield.
A sales agreement for the property had already been signed with a buyer who couldn't find financing in time to make a payment. The property owner resided in the USA and had delegated ...