2011/12/19 Riga, SIA "Ektornet Residential Latvia" has sold 353 apartments in the residential complex at Kaivas street 50 in Riga to a foreign buyer. The sales price amounted to 15,6 million EUR.

"The sale of Kaivas street demonstrates that the real estate market in Latvia is getting more liquid. Ektornet will continue the focused work on real estate management and bring more properties to the market in 2012" says Andris Kovalcuks, CEO of SIA "Ektornet Residential Latvia".

About "Ektornet Residential Latvia"

"Ektornet Residential Latvia" is a part of Ektornet AB, a real estate company established by the "Swedbank Group" in 2009. Our core business is to acquire, to manage and to sell real estate in residential, retail, office and industrial segments. For more information please visit http://www.ektornet.lv. 

Media contact

Ingars Rudzitis,

Baltic Head of Communications and Marketing

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