This investment volume includes commercial properties with sales prices over EUR 0.4 million.
Total investment volume in Latvia was EUR 316.9 million. Latvia is followed by Lithuania with EUR 298.1 million and Estonia with EUR 240 million.
In Latvia, a major part of investments made in 2014 involved mixed-use projects, including properties with redevelopment potential, whereas in Lithuania, office properties were the most popular investment objects, creating more than half of total transaction volume; in Estonia, most investment volume was made in industrial and retail segments.
The investor profile remained the same: comprising funds and asset managers with fund origins mainly from Nordic countries, as well as Russia; however, new investors from Western Europe have appeared and new groups of local investors have formed as well. Colliers' experts forecast a similar volume of investments in the Baltic States in 2015. Moreover, new professional investors from other regions might appear on the Baltic commercial real estate market.
