Professional & Cost-Efficient Property Development.
Construction and
Project management

By 2018, we have carried out 35 projects that include the design, approvals, construction and project management.

Property development

Our organization is professional and cost-effective, we create competitively added value for our customers.

Project financing

Many of our projects have been financed by us and our investor partner network.

Castor construction

35 completed projects for the commercial, industry and housing construction fields.

 

By 2018, we have completed thirty-five projects that include the planning, 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 we are currently building our fourth business building for Tokmanni in Tammisaari. We have also organised the financing for the above-mentioned projects. In Latvia, we are building a service centre for Lindström outside Riga, and we have implemented a demanding housing project in Riga's old town.

 

www.kernresidences.lv

Recent Activities

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.

Castor Finland

Niittyrinne 7, 02230 Espoo​

Tel: +358 40 049 3688​

risto.hiekka@castorconstruction.fi

kimmo.ruokomaki@castorconstruction.fi

Castor Latvia

Vienibas Gatve 87b-7, LV 1004 Riga

Tel: +371 67 422 478

castor@castorconstruction.lv

© Castor Construction 2018