Titanium acquires Ozols shopping center in Riga

The asset was exited by KS Holding to Titanium Baltic Real Estate. The former shopping center Galerija Azur was acquired by the seller in 2016 and redeveloped over three years, then opened under the new name Ozols.

In November 2019, the destination center was fully opened to the public with a 20, 000 sq m flagship Kesko-Senukai store. It provides a dedicated e-commerce pick-up and support zone, enabling customers to conveniently collect online-ordered goods.

Rimi, a Latvian food hyper operator, opened a 4,000 sq m store in the shopping center. It became the first to operate the new “Rimi Drive” concept, which allows customers to order online and pick up their shopping without leaving their car.

Other stores at Ozols are a Hesburger Drive-in Café, a Benu pharmacy, Drogas, and Dino Zoo, the pet store.

Tags: divestment, shopping center

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