Announcement on the sale through competitive bidding of the real estate located in 11 Gardenes street, Riga, owned by SIA Eko Forum Plus (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 Eko Forums Plus , registration No 40003884083 (hereinafter – “SIA Eko Forums Plus”), in cooperation with SIA Latio, registration No 41703000843 (hereinafter – “Latio”), hereby announce the sale in a voluntary competitive bidding of the real estate located in 11 Gardenes street, 11 k-1 Gardenes street, 11 k-2 Gardenes street, 19 Mārupes street, Rīga, cadastral No.01000560381 Riga, owned by SIA Eko Forums Plus (hereinafter – the Real Estate). The Real Estate includes a land plot of 0,5141 ha, cadastral designation 01000560358, and 5 buildings located thereupon:

Building with cadastral designation 01000560402007;

Building with cadastral designation 01000560402008;

Building with cadastral designation 01000560402009;

Building with cadastral designation 01000560402010;

Building with cadastral designation 01000560402011.


Along with signing of the Purchase Agreement the Purchaser shall be obliged to sign an agreement on the establishment of the road easement for the benefit of the real estate with cadastral no. 0100 056 0402 located in Riga, at 8 k 6 Gardenes Street, 0100 056 0402, and registry thereof with the Land Register.

The mortgage lender – the Bank.

The appraised value and starting price of the Real Estate – EUR 405 000.

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

Application deadline – 09.08.2024, 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 29415520.


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

- by 9 August 2024, 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 9 August 2024, 11:59 PM, transfer to the account No. LV70MULT1010A62280010 with AS Industra Bank participation fee of EUR 121, incl. VAT, and the deposit of EUR 40 500, which is 10% of the starting price. The Deposit not applicable if the applicant is a 100% state or municipally owned company.

The application for participation in the competitive bidding and the documents attached thereto shall be submitted at the Bank’s office in Riga, 21 E. Birznieka Upīša Street (Latvian: E. Birznieka Upīša iela21), 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.