NCH’s Newly Formed Real Estate Fund Acquires its First Property
The warehouse complex at the intersection of Buļļu and Kleistu Streets is located on 2 ha of land with two warehouses and an office building with a total area of almost 6000 sq m, with expansion possibilities. This is a strategic location at a densely populated suburb of Riga nearby the Riga Ring Road and Riga International Airport.
With this acquisition NCH Baltics Opportunity Fund I AIF has initiated investments into industrial and logistics properties in the Baltics. The Fund’s focus is on B and C type industrial and logistics sites in the largest Baltic cities.
“We will focus on industrial and logistics facilities that require investments to bring them to the next level of sustainability standards, to reduce CO2 emissions. Our goal is to invest up to 80 million euros over the next five years,” noted Karlis Cerbulis, NCH Baltics AIFP board chairman.
The Fund’s initial capital is being seeded by NCH and its Latvia managers. The general partner of the fund NCH Baltics AIFP was registered with the Financial and Capital Market Commission as an alternative investment fund manager on 13 July 2021.
The US-based investment fund group NCH develops real estate projects in Eastern European countries such as Bulgaria, Latvia, Moldova, Romania, Greece, Albania and Ukraine.
NCH Baltics AIFP board member
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