VCA Baltic Retail Fund signs master lease agreement with Prisma in Latvia

01/10/2011

AS Prisma Latvija, the Latvian subsidiary of the leading Finnish retail group S Group, will open its fourth Prisma hypermarket in Riga in the summer of 2012. The hypermarket is located in the densely populated Plavnieki district and will be developed by VCA Baltic Retail Fund managed by Vicus Capital Advisors.

The new 11,500 sqm retail center will include 6,600 sqm sales area for Prisma and parking premises for almost 700 cars available for the customers. The design and construction works will be carried out by Castor Construction.

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