New shopping, holiday and tourism destination in the

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Transcript of New shopping, holiday and tourism destination in the

Page 1: New shopping, holiday and tourism destination in the
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• New shopping, holiday and tourism destination in the

Baltic region

• Shopping village with up to 120 premium brand stores,

restaurants, cafes and other leisure services

• Leasable area: more than 22 000 m2

• The first phase (10 000 m2) to be opened in 2022

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Best possible location

• Located at the main highway in the

Baltic states: Via Baltica

• 18 km (25 min driving time) from the

centre of Riga – the largest city in the

Baltics

• Public transport

• Two other Baltic capitals – Tallinn and

Vilnius – are in equal distance: 300 km

• 35 minutes driving time from Riga

airport

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5.6 million customers

• 1 hour drive time includes whole

Riga agglomeration (1 million

people)

• 4 hours drive time: 5.6 million

people, all Baltic cities

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Limited competition

• No other existing

outlet villages in the

region

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Development

• 8.72 ha large area for outlets

• Phase I: 10 000 m2 lease area, end of 2022

• Phase II: 10 000 – 15 000 m2 lease area, end

of 2024

• Optional phase III

• Expected rental income, 2023: EUR 4,7

million

• IRR (profitability): 19,85%

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Riga Outlet Village

• Adress: Riga, Gunara Astras iela 5C,

LV-1084

• Email: [email protected]

• Web: https://outletriga.lv

• Tel: +371 23276324