Stockmann’s Real Estate division will start cooperation with commercial real estate consultancy company Colliers International Latvia to analyze possibilities to partly sub-lease premises in Stockmann’s department store building in Riga. Objective of the cooperation is to further strengthen Stockmann’s market position through developing the retail mix and bringing strong international brands to the Stockmann building.  The Stockmann department store continues as the main anchor tenant of the building, as before.

This is a unique opportunity for third party retailers to start cooperation with Stockmann and also a possibility for Stockmann to offer more value to its clients. Exact volume of premises to be sub-leased and profile of brands will be determined in course of cooperation based on result of analysis.

Colliers International has been operating in the Baltics since 2004 and provides a full range of services to its customers, starting from the development of an overall real estate concept, investment consultations and corporate services to project supervision, assessment, management and broker services. The influential finance magazine Euromoney declared Colliers International the best real estate consultancy company in Latvia in 2014 for the tenth year in a row.

Further information available from:
Lauri Veijalainen
Deputy Director, Real Estate, Stockmann
Lauri.veijalainen@stockmann.com
Tel + 358 40 876 1648

Kristine Spundina
Marketing Coordinator | Marketing Department
Kristine.spundina@colliers.com
Direct +371 6778 3333