Professional & Cost-Efficient Property Development.
By 2020, we have carried out 42 projects that include design, approvals, construction and project management.
Our organization is professional and cost-effective, we create competitively added value for our customers.
Many of our projects have been financed by us and our investor partner network.
42 completed projects in Latvia and Finland ; mainly commercial, industrial and housing
By 2020, we have completed more than fourty projects including design, approvals, contruction and project management. In these construction projects, we have operated as the main contractor. In addition, about one third of our projects have included the organization of financing.
The founders of the company have been operating since the early 1990s in construction projects in Latvia and in Finland, and we have been involved as construction specialists for numerous Western companies expanding their operations into Latvia. This experience and the network of contacts made over the years provide Castor with a strong foundation.
Our latest projects include business premises for Kesko and Tokmanni in Keuruu and Juva, and for Tokmanni in Tammisaari and Hanko. We have also organised the financing for the above-mentioned projects. Currently we are building two five storey residence buildings in Kauniainen, next to Helsinki. In Latvia, we have completed a service centre for Lindström outside Riga, and we have implemented a demanding housing project in Riga's old town. In summer 2020 we have started an Express terminal and office for DHL, located at Riga Airport.
04/2019 Tokmanni Store in Hanko
Castor has completed a new store for Tokmanni in Hanko. This project included design, construction and financing and the floor area is about 2.800 sqm.
06/2019 DHL Terminal in Riga Airport.
SPV company REX Terminal and DHL Latvia has signed the Lease Agreement for a new Terminal in Riga Airport. This is a development project including design, construction and financing of new Express terminal.
05/2019 CASTOR Real Estate OY sells 5 assets in Finland.
The acquisition of portfolio of five assets in Finland has been closed by Cibus Nordic Real Estate AB. The sellers are CASTOR Real Estate OY and Veikko Laine OY, the properties are all newly built and leased for the use of Kesko Oyj and Tokmanni Oyj with long term leases. They have a combined area of 15,800 sqm and the total acquisition cost is about EUR 25 million.
01/2019 Lindex Store reconstruction in Galerija Centrs, Riga.
Castor has started the reconstruction works for LINDEX Store in Galerija Centrs shopping Centre in Riga. Client Lindex Latvia SIA.
11/2018 Volleyball Sports Hall BRAZĪLIJA construction, Mārupe.
Castor has signed the Design&Build Contract and is the Main Contractor for the Volleyball Hall in Mārupe. Client SIA Degunradzis.