Lithuanian investors have final days to buy Riga real estate bonds with 8.5% return

Lithuanian investors have a limited window to acquire bonds for the "Preses Nama Kvartāls" real estate development in Riga, Latvia, which promises an annual return of 8.5%. The project, situated in a strategic area of Riga, is being developed by the Lithuanian investment management firm Lords LB Asset Management through its fund "Lords LB Special Fund V." The Latvian subsidiary AS "PN Project" is overseeing its implementation. So far, 62.7 million euros have been raised from bond offerings across ten stages, exceeding investor demand in each phase. The total bond program is valued at 75 million euros. Povilas Urbonavičius, manager of "Lords LB Special Fund V," noted that the strong investor interest reflects growing confidence in the project and decreasing implementation risks. The minimum investment is one bond, priced at 1,034.8894 euros, with a nominal value of 1,000 euros. The bonds are secured by a first-rank mortgage valued at 68.96 million euros on the "Preses Nama Kvartāls" property and are listed on the "Nasdaq Baltic" exchange, ensuring transparency and liquidity for investors. Construction of the Class A business center is nearing completion, with interior fittings for future tenants underway. The project is slated for completion by the end of 2026, with the first companies expected to move in by early 2027. Several prominent companies, including "OP Bank," "Deloitte," and "Vendon," have already committed to leasing space in the building. The "Preses Nama Kvartāls" development emphasizes sustainability and energy efficiency, aiming for BREEAM "Excellent" certification.

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The new issuance conditions reflect the project's progress: out of the 75 million euro bond program, 62.7 million euros have already been raised through ten bond placement stages. Investor demand in all previous placement stages exceeded supply. High interest in the bonds indicates strengthening confidence in the project and decreasing implementation risk.