Working on the creation of the first rental housing investment fund in the Baltics.

The real estate investment company VILIA, in which financial technology entrepreneur Armands Broks and real estate industry expert Edgars Ivanovs have joined forces, plans to double the investment portfolio in real estate development projects to 80 million euros next year, and is also working on the creation of the first rental housing investment fund in the Baltics. “Despite the challenges caused by the Covid-19 crisis, VILIA continues to implement the investment strategy it started, starting real estate development projects in the last 12 months, with a total investment amount of more than 40 million euros”, says VILIA manager and co-founder Edgars Ivanovs. “2021. VILIA plans to double its investment portfolio in real estate development projects by purchasing new plots of land for the construction of apartment buildings and “stock office” complexes in Riga,” says Armands Broks, one of VILIA’s founders, adding that “the crisis caused by the pandemic has not affected VILIA’s ambitious real estate plans in the field of development, because the real estate development projects are initially planned in asset classes with high liquidity, which have not been affected by the crisis caused by the pandemic and even in some cases have contributed to a greater demand for them.” In parallel with real estate development projects, VILIA works on innovation in the Baltic real estate investment market, adds E. Ivanovs. In the coming years, it is planned to register the first rental housing investment fund in the Baltics, which would be listed on the Nasdaq stock exchange and would provide investors with stable long-term profitability, he reveals. Currently, VILIA is actively working on the development of four real estate objects in Riga. It is planned to create modern high-quality apartments in two objects – Kuģu Street and Dainas Street, while it is planned to create small office spaces of the latest generation in Kr.Barona Street. The total investment in the mentioned projects will amount to at least 25 million euros. On the other hand, on Lubānas Street, in front of the Depo supermarket, on a land area of ​​more than three hectares, it is planned to create the largest “stock office” complex in Riga, with a total of more than 35 rental units and a total leasable area of ​​more than 15 thousand square meters . The total investment in this project exceeds 15 million euros. See the full version of the article here!