152 ha in Vidzeme, Latvia - agricultural land, forest, plantations

Property portfolio in Vidzeme, Latvia, totaling 152 hectares in the Smiltene, Sigulda, Valmiera, and Limbazi regions. Comprising 10 properties, each with its own land register, totaling 15 land plots. Some of the properties include certified organic sea buckthorn plantations with a total area of 58 hectares, expandable to 125 hectares, planted in 2022 and 2023. Revenues solely from LAD payments for the specified plantation area (planning period 2023-2027) are approximately 850 EUR/ha per year (x58ha). The current market valuation (Arco Real Estate) is 845800 EUR (excluding the value of the forest stand), the balance value of the organic sea buckthorn plantations is 106000 EUR, totaling 951800 EUR. Some properties are located directly adjacent to European and national highways (E77, A3, P29), providing additional opportunities for convenient logistics and the development of these properties. We can transfer the rights to use domain names related to the sea buckthorn business to the buyer.