Mar 15 • 10:26 UTC 🇱🇻 Latvia TVNET

Riga Heat Company offers several properties for sale at auction

Riga Heat Company is auctioning off seven properties in Riga, with various starting prices depending on the property.

AS "Rīgas siltums" has announced an auction to offer seven properties located in different areas of Riga. The properties include addresses on Dzelzavas iela, Stirnu iela, Purvciema iela, Paula Lejiņa iela, Slokas iela, Viestura prospektā, and Edžiņa gatvē. The auction is part of the company's strategy to dispose of unused assets and streamline operations.

Among the properties, one on Purvciema iela 32A has a starting price of €121,000 and features a building constructed in 1980, encompassing a total area of 694.5 square meters. Another notable property is located on Paula Lejiņa iela 14A, with a starting price of €110,000 and comprising a 295.5 square meter heat station building. The auction aims to attract investors and developers who might be interested in revitalizing these locations within the city.

This move could have various implications for the local real estate market, as it may create opportunities for development in underutilized areas of Riga. The auction signifies a proactive approach by AS "Rīgas siltums" in managing its assets and adapting to market conditions, potentially leading to increased economic activity and investment in the city.

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