"VP – Stopini IKEA Store – Riga - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Verus Praedium (VP) is planning to build a retail store in Stopini, Riga, Latvia.
The project involves the construction of a 34,000m2 store. It includes the construction of food courts, a warehouse, an administrative space, parking and related facilities, and the installation of safety and security systems.
In March 2017, VP and SEB Banka signed a long term loan agreement of US$37.5 million for the project.
Construction is expected to commence by the end of third quarter of 2017 and is scheduled to be complete by the fourth quarter of 2018.
The project involves the construction of a 34,000m2 store in Stopini, Riga, Latvia.
The US$64 million project includes the following:
1. Construction of food courts
2. Construction of a warehouse
3. Construction of an administrative space
4. Construction of parking facilities
5. Installation of safety and security systems
6. Construction of related facilitiesReasons To Buy