Real Estate

Each real property or company must match all Union Invest requirements:

All properties have to be profit earning and in acceptable condition. If the condition of the property currently does not match all requirements a detailed renovation and operation plan has to be developed for this property. It must contain means how the particular object can reach its peak sales price and maximum added value.

Apartment houses houses must be located in the center of cities and have to be already profit earning and renovated or detailed renovation plan must be worked out. Houses that are located elsewhere will be taken into consideration only if those already bring stable profit (from tenants, merchants etc.). Minimal value of the property must be starting with 70 000 EUR. Objects with no renovation/operation plan and in bad condition will not be taken into consideration.

Private houses , in good condition that are located in health resorts or near big cities will be considered as priority. We emphasize villas in the most prestigious areas of Baltics and southern countries. These properties must have detailed list of defects as well as calculated repair costs. Minimal value of the property is 30 000 EUR.

Land plots must be located in strategically advantageous districts – better in big cities or close to those. Valid building permit as well as commercial permit must be issued. Plots with worked out development plan will be considered as priority. Minimal investment object value must be 20 000 EUR.

Forests with valid complete or partial cutting permit are acceptable. Forests without these permits will be taken into consideration but only in case if all activities for future productivity are already performed.