18 Dec 2020
Profitable and strong retail portfolio located in Riga, Latvia for sale. The portfolio consists of 13 shopping centers with strong and consistent financial performance, strategically located in Riga’s residential areas and its nearest suburbs. All of the portfolio properties has been renovated during the last 6 years.There are currently 163 unique tenants, with a mix of small local retail businesses and large retail chains. All tenants are responsible for maintenance of their leased areas, as required under the lease terms. The portfolio's weighted average unexpired lease term as of June 2020 was at 5 years. There is an anchor tenant who is renting 11 out of the portfolio’s 13 locations and is attributable to 39% of revenues in TTM June 2020. Total land area is 67,207 sqm with total gross leasable area of 34,535 sqm. Expansion possibilities. Share deal.
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