„Capitalica Asset Management“ managed company Capitalica Z114 Real Estate Fund has signed a financing agreement with Rietumu Banka for up to EUR 17 million to refinance the Sand Offices business centre. In addition, the company has placed a new EUR 3.46 million bond issue, the proceeds of which, together with bank financing, will be used to redeem the previous EUR 16.84 million bond issue. Completed in 2025, Sand Offices has already reached 77% occupancy, while its value, according to an independent valuation, stands at EUR 28.9 million.
