Latvian Shipping sells HQ to UAE

Logistics Tankers

Riga tanker owner banks $5m as head office becomes foreign embassy.

Latvian
Shipping
Company
(LSC)
has
agreed
to
sell
its
offices
in
Riga
for
EUR
4.2m
($4.96m).

The
tanker
owner,
controlled
by
Vitol,
said
the
government
of
the
UAE
will
take
over
the
six-storey
premises
on
Elizabetes
Street
as
an
embassy.

LSC
will
continue
to
work
there
until
January,
when
it
will
shift
to
a
leased
property
in
the
Skanste
neighborhood,
Place
Eleven,
according
to
LSC
management
board
chairman
Robert Kirkup.

“Place
Eleven
is
a
14-storey-high
Class
A
office
building
that
has

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Gary Dixon