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

By 2022, we have carried out 45 projects which include 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

45 completed projects in Latvia and Finland ; mainly commercial, industrial and housing

 

By 2022, 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.

 

In Finland we have completed five storey twin residential buildings in Kauniainen, Helsinki region. This project included 46 apartments all sold out during construction.Prior this project Castor developed 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.  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 spring  2021 we have completed  an Express terminal and office for DHL, located at Riga Airport. This project is also owned and managed by Castor and it's Partner.

 

www.kernresidences.lv

Mountain Lake
Beach Huts
Ferris Wheel
Palm Trees
City Cycle

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.