Announcement on the sale through competitive bidding of the real estate located on 194 Brīvības Street, Riga, owned by SIA TOP ESTATE (AS PNB Banka group company)


The insolvency process administrator of the insolvent AS PNB Banka, registration No 40003072918 (hereinafter – “the Bank”), Vigo Krastiņš, and SIA TOP ESTATE, registration No 40103220007 (hereinafter – “SIA TOP ESTATE”), in cooperation with SIA Latio, registration No 41703000843 (hereinafter – “Latio”), hereby announce the sale of the real estate located on 194 Brīvības Street, Riga, cadastral No 01000270002, owned by SIA “TOP ESTATE” (hereinafter – “the Real Estate”) in a voluntary competitive bidding. The Real Estate is the land plot of 567 m2 with two administrative buildings situated thereupon (cadastral designations No 01000270002001, No 01000270002002).

The appraised value and starting price of the Real Estate – EUR 414 800.

The competitive bidding price is exempt from the value added tax.

Application deadline – 19.04.2021, 05:00 PM.


To arrange for examination of the Real Estate and find out more information about it, please call Latio at +371 67032300 on business days from 9:00 AM to 5:00 PM.

Information on applying for the competitive bidding, the competitive bidding procedure, conditions for closing transactions and other relevant information is provided in the competitive bidding regulations available free of charge on the Bank’s website or Latio’s website For more information on competitive bidding regulations please call +371 29165900.


All persons willing to participate in the competitive bidding should complete the following:

- by 19 April 2021, 05:00 PM, attend an on-site identification at the Bank’s office, submit the application form filled out in compliance with the Regulations, as well as all other documents indicated therein;

- by 19 April 2021, 11:59 PM, transfer the participation fee of EUR 121, incl. VAT – EUR 21, to the Bank’s account No LV26BLIB1001005254001, in AS “Baltic International Bank”;

- by 19 April 2021, 11:59 PM, transfer the deposit of EUR 41 480, i.e. 10% of the starting price, to SIA TOP ESTATE account No LV41MULT1010A65770010, AS “Industra Bank”.


The application for participation in the competitive bidding and the documents attached thereto shall be submitted at the Bank’s office in Riga, 15-2 Elizabetes Street (Latvian: Elizabetes iela 15-2), on business days from 09:00 AM to 05:00 PM, or sent via e-mail to in the form of an electronic document duly signed with a secure electronic signature and containing a time stamp.