"Reserved" is one of the fashion brands of LPP S.A., which is a fast developing international fashion retailer. A new store at Kaļķu street 15 will cover over 1,700 sq.m and will become the largest Reserved store in the Baltics States.
Kaļķu street 15 belongs to "Baltic RE" Investment Fund, which develops the best retail locations in Old Riga in an active and professional manner. This property is one of the eight prime buildings in Riga owned by the fund.
Leasing transaction with "Reserved" was concluded with the help of international real estate consulting company "Colliers International". Colliers predicts that there will also be other prominent deals in the retail segment in 2014. Stabilisation of this segment will attract interest from other major market players, who already consider developing a presence outside of the shopping centres.
The opening of such a large store in synergy with existing stores will help Kaļķu street to strengthen their position as the most prospective retail street in Riga, even thanks to foreseen initiatives of territorial marketing, starting from this summer. Other flagship stores of major fashion brands are expected to open in close location in next 12 months.
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About Colliers International:
Colliers International is an international commercial real estate consultancy company with 512 representative offices around the world. At present, the company employs approximately 17,000 real estate experts and brokers. The company 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 2013 for the ninth year in a row.