OREANDA-NEWS. July 28, 2014. The highest offer has been accepted and the sale transaction is expected to be closed by the end of August   

Nine bids were collected during the first free sale of the former headquarters of Krajbanka, located at 15 Jana Dalina Street in Riga. The Bankruptcy Administrator of Snoras has accepted the highest offer received and the winning participant already paid the deposit.
 
The sale price of the office premises building will be announced after the finalising of the sale transaction. The initial asking price for the property was EUR 11.5 million (almost LTL 40 million).
    
“This is a significant achievement and we look forward to completing the sale agreement and applying the funds to the benefit of the creditors”, Neil Cooper, Snoras Bankruptcy Administrator, said.
   
Unless there are any adjustments of dates, full acquisition price should be paid to BAB bankas Snoras by late August after which the ownership title transfer will happen and the sale will become official.
  
All Snoras real estate properties for sale in Latvia can be found on the website www.colliers.lv. More information about all the real estate property for sale is provided on the website www.snoras.com.