NCH Baltics AIFP

Fund manager for value-add real estate opportunities in Latvia, Lithuania and Estonia

ABOUT US

NCH Baltics AIFP, established and registered with FCMC in 2021, is a fund manager administering a value-add real estate opportunity fund, NCH Baltic Real Estate Opportunity Fund I which targets primarily cash flowing urban logistics properties in Estonia, Latvia, and Lithuania at acquisition costs below their replacement values. NCH Baltics AIFP is a part of the NCH Capital Inc. group of funds (nchcapital.com).

NCH Advantage

  • One of the earliest and most significant US investors into the Baltics and Eastern Europe

  • Outstanding reputation – preferred counterparty among buyers, sellers, tenants

  • Most experienced real estate team (domuss.lv) in Latvia; on-the-ground presence and execution since 1995 with 550+ real estate transactions and over € 500 million deployed

  • Previous projects include : abava.lv   rigaplaza.lv   gipsafabrika.lv  

    Current projects include : felicityapartments.lv   mezaparks.lv   ciemati.lv  

NCH Baltic Real Estate Opportunity Fund I

The Fund pursues Value-add and Opportunistic strategies:

Value-add

Assets to be improved via re-leasing, operational efficiencies, and/or redevelopment. Appreciation is expected to be a significant part of the overall investment strategy.

Opportunistic

Assets involving repositioning and redeveloping poorly operated, vacant, or outdated buildings. Appreciation is expected to dominate the investment strategy; much of the return may occur at the end of the holding period.



OBJECTS



Ganibu Dambis 25d, Riga, Latvia

    Type:

    Warehouse and Office complex

    Area:

    Building total area- 6333 m2
    Leasable warehouse area- 5283 m2
    Leasable office area- 773 m2

    Acquisition year:

    2023

Street Bullu 51b, Riga, Latvia

    Type:

    Warehouse and Office complex

    Area:

    Leaseable warehouse area- 5813 m2
    Leaseable office area- 626 m2

    Acquisition year:

    2022

Street Siltuma 10, Riga, Latvia

    Type:

    Warehouse and office

    Area:

    Total building area- 1589 m2
    Leaseable warehouse area- 827 m2
    Leaseable office area- 681 m2

    Acquisition year:

    2024

TEAM

George Rohr

Principal

Moris Tabacinic

Principal

Karlis Cerbulis

Chairman of the Board

Ralfs Jansons

Member of the Board

Armands Plaudis

Member of the Board

Edgars Livmanis

Legal/AML

Nora Jansone

Chief Financial and Sustainability Officer

ESG

NCH Baltics supports sustainability programs

Investment of the Fund’s assets and asset management are carried out taking into account the considerations promoting sustainability characteristics, and therefore the Fund is recognized as an ‘Article 8’ fund as per EU’s Regulation 2019/2088 “On sustainability‐related disclosures in the financial services sector” and on sustainability issues the fund qualifies as a “light green” fund.




News




14/06/2024

Alternative investment fund NCH Baltics Opportunity Fund I AIF acquires building in Riga for EUR 1 million

NCH Baltics AIFP, the manager of NCH Baltics Opportunity Fund I AIF, has announced the purchase of a third property – a warehouse and office building at 10 Siltuma Street, Riga. With this, the Fund is continuing its investments in industrial and logi ...

26/09/2023

NCH Baltics Opportunity Fund I AIF Acquires Warehouse Complex on Ganību Dambis 25d for 2.6 Million Euros

NCH Baltics AIFP, the fund manager for the NCH Baltics Opportunity Fund I AIF (the “Fund"), announces the acquisition of its second property – a warehouse and office complex on Ganibu Dambis 25d in Riga, Latvia. ...

15/05/2023

The Baltic States are always on the eve of a crisis

"Real estate developers have always complained about the low level of lending in Latvia. It is difficult to find another country where it is so low," said Kārlis Cerbulis, head of the investment fund group NCH Riga office, in an interview with Delfi. ...

05/08/2022

NCH’s Newly Formed Real Estate Fund Acquires its First Property

The alternative investment fund NCH Baltics Opportunity Fund I AIF has purchased its first industrial property for approx. 2.5 million euros in Riga, Buļļu Street 51b. The warehouse complex at the intersection of Buļļu and Kleistu Streets ...

CONTACTS

“Mezaparka Offices”
Kelnes Street 1, Riga, LV-1014, Latvia
info@nchbaltics.lv

Ralfs Jansons

Member of the Board

+371 29414043  

ralfs.jansons@nchbaltics.lv

Karlis Cerbulis

Chairman of the Board

 

karlis.cerbulis@nchbaltics.lv