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 logistics properties in the major cities of the Baltic States.

The property at 10 Siltuma Street is located on 0.3 hectares of land and comprises a fully leased building of 1,587 square metres. The site is located in the neighbourhood of Ziepniekkalns, near the south-western Riga city limits.

“We are continuously expanding the Fund’s portfolio with industrial facilities. This property is well maintained and located in a developing industrial area, which contributed to our decision in favour of the purchase. We intend to further improve the technical condition of the building, implement a number of ESG measures to help reduce energy consumption, and increase the use of renewable energy”, says Ralfs Jansons, Member of the Board of NCH Baltics AIFP.

The project is co-financed by the European Regional Development Fund.

NCH Baltics AIFP is registered with the Bank of Latvia as an alternative investment fund manager.

Companies of the US-based NCH investment fund group have developed real estate projects in several countries including Latvia, Bulgaria, Ukraine, Moldova, Romania, Albania, Cyprus, Greece, and the UK.