Foreign investors interested in former prison

The Patarei sea fortress and prison, which has been mostly abandoned since 2002, when the prison was shut down, has attracted interest from a number of foreign investors.

State Real Estate, which owns the 4-hectare seaside property, said it will wait for the approval of a detailed plan.

The state attempted to sell the property with a initial price of 3 million euros two years ago, but received no bids.

Read more from ERR

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: