Raise 25 million with Evernord bonds. Eur

a total of 55 million will be invested in the project. Eur, construction is planned to be completed in October. The managers of the office building have already signed several lease agreements with companies known in the international and Baltic markets.

As reported by the company, which will be secured by consulting company PricewaterhouseCoopers (PwC), about 200 employees of the PwC Latvian team will work in the rented premises in the project.

Novira Plaza is a seven-storey A-class building in the center of Riga. Its total area will reach about 30,000 square meters. meter, mostly about 20,000 sq. m., will occupy office premises. In the first floor of the business complex, there will be shops and restaurants, and in the two lower floors, there will be parking spaces for 200 cars.

65% of the shares of the Novira Plaza project belong to the fund Evernord Real Estate Fund III managed by the Lithuanian asset management company Evernord Asset Management, 35% to the real estate development company Novira Capital.

Despite the challenges faced by the construction sector last year, our project is being implemented smoothly and will be completed at the beginning of October, Jolanta Jurga, director of Evernord Asset Management and member of the Evernord Group, is quoted in the company’s announcement.

According to her, the project is the result of successful cooperation between partners operating in the Baltic countries. The developers of Novira Plaza are Estonian companies, the major shareholder is a fund created in Lithuania, the project itself is being implemented in Latvia, and investors and tenants have gathered in all three Baltic states.

Evernord Group manages more than 150 million Eur client assets. Evernord Asset Management also manages three real estate funds operating in Lithuania, Latvia and Estonia. In 2017, the Bank of Lithuania granted the company a license to manage collective investment entities intended for informed investors.