With the help of the international real estate company Colliers International JSC "Reverta" successfully concluded the sales transaction of the new airBaltic central office building. The new owner of the office building is JSC "Pillar Investment Group" (ABLV group company). The total transaction amount is EUR 6,190,000.
The office building is located on Technical Street 3, at the Riga Airport area. In autumn 2013, a subsidiary company of JSC "Reverta" - "NIF Project 1" and airBaltic signed a letter of intent for the reconstruction of the building for office use and a 10-year lease after completion of the project. The elaboration of a new design of the building lasted for 15 months, and its reconstruction of a further 12 months. Currently, airBaltic is already working in the new premises, which are fully adapted to their needs. airBaltic office building and the new owner will continue to fulfill existing contractual conditions.
The total area of the airBaltic office is 6217 sqm and it is located on four floors with an open floor plan. The building has also 11 conference rooms and several meeting rooms. Currently there are working 362 people in the building, as well as up to 600 pilots and cabin crew.