NĪAA

The Alliance of Real Estate Developers (NĪAA) brings together the most significant players of the industry in order to achieve sustainable development of the real estate industry, represent it in a collective manner on state and local government level, as well as emphasise the role of real estate developers within the economy of Latvia.

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Investments have been
made in the amount of
EUR 1.5 billion
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EUR 100 million
have been paid to the government in taxes
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Approximately
100 real estate projects
with an area of almost
a million square meters
have been developed

MEMBERS

  • LIDL
     

    Lidl, as part of the Schwarz Group based in Nekarzulm (Germany), is one of the largest food retail companies in Germany and Europe. With more than 12,000 stores and 200 logistics centers, Lidl currently operates in 31 countries and is also represented in Asia. SIA "Lidl Latvija" was established in February 2018 and opened its own chain of stores in Latvia on October 7, 2021.

  • Riga Port City, SIA
     

  • LSRF3 Riga Plaza, SIA
     

  • Real Invest, SIA (OLIMPIA TC)
     

  • New Bumani Invest, SIA (DEPO)
     

  • EfTEN Capital, SIA
     

  • SIA PN Management (Lords LB)
     

  • East Capital Real Estate
     

  • Capitalica Asset Management
     

    Capitalica Asset Management (www.capitalica.lt) is an investment management company licensed and supervised by Central bank of Lithuania and is managing investment funds investing in commercial real estate in the Baltic States. Capitalica Baltic Real Estate Fund, managed by Capitalica Asset Management, owns office complex VERDE in Riga, the business centre 135 in Vilnius, the business centre Kauno Dokas in Kaunas and the shopping centre Luizė in Klaipėda. The controlling stake (70%) of Capitalica Asset Management is held by SBA Group, one of the largest Lithuanian business groups, and another 30% is owned by A. Barštys' (CEO of Capitalica Asset Management) company Fox Holdings.

  • AS Pro Kapital Latvia
     

    Pro Kapital Latvia is a subsidiary of JSC Pro Kapital Grupp who develops timelessly distinctive buildings with an impeccable quality that anticipates people’s needs and expectations. Since the founding of Pro Kapital in 1994, the company has completed over 20 development projects with a total area of over 250,000 square meters. Pro Kapital's projects have been among the most significant in the Baltics in the real estate development sector.

  • SIA
     

    VPH Group is one of the largest investors and commercial real estate developers in the Baltics with more than 30 years of experience in commercial real estate development & asset management in Europe and Canada. We develop and manage commercial real estate that meets the highest standards for international and major Baltic retail market players. VPH Group has been involved in acquisition and development projects with a total value of more than 750M euros and the value of projects currently being developed by VPH is EUR 250M euros.

  • PICHE, SIA
     

    PICHE is Latvia's leading business park development company with 16 years of experience and more than 150 successfully implemented projects in Europe. We specialize in the development, design and construction of business parks. PICHE is about an improved and streamlined work environment so you can focus on what's most important at work.

  • East Nine Latvia, SIA
     

    Eastnine AB is a Swedish real estate company with a property value of EUR 415m and a long-term net asset value of EUR 330m. Eastnine’s vision is to create and provide prime venues where ideas can flow, people can meet, and successful business can be developed. The mission is that Eastnine shall be the leading long-term provider of modern and sustainable office and logistics premises in prime locations in the Baltics. Eastnine is listed on Nasdaq Stockholm Mid Cap, sector Real Estate. Currently Eastnine have office buildings in Riga and Vilnius.

  • Hepsor
     

    Hepsor – 10 years of excellence in residential and business environments, green thinking, innovation, and modern architecture. We are one of the biggest and fast-growing property developers in Estonia, and we have been moving in the same direction in Latvia for four years. We are not merely developing square metres but also creating homes for people and companies.

  • Hansa.RE
     

    Hansa.RE is a real estate fund with a local capital. Investments are made into real estate with sustainable cash flow, in Latvia and the Baltics.

  • Mūkusalas Biznesa Centrs SIA
     

    Mūkusala Business Center, founded in 2001, is the largest business center in Pardaugava, which leases 9 office buildings, with a total leasable area of 27,000 m2. More than 140 companies call the Mūkusala Business Center their home, and the center has a daily inhabitants about 2,000 people.

  • SG Capital Partners AIFP
     

    SG Capital Partners AIFP (SG Capital) is a Baltic commercial real estate investment manager with an emphasis on investment sustainability. Our clients are the leading institutional investors in the Baltic region.

  • KAAMOS
     

    Established in 2002, the KAAMOS GROUP operates in the area of property development, construction and the timber industry. The company operates actively in four countries: Estonia, Latvia, Belarus and Georgia. KAAMOS GROUP is constantly looking for innovative ideas and promising companies in which to invest.

  • Linstow Baltic
     

    Linstow AS is one of Norway’s leading real estate enterprises, owned by the Awilhelmsen Group. Since 1996, SIA LINSTOW BALTIC (LB), a subsidiary company of Linstow, is one of the leading developers of long-term real estate projects in various segments in the Baltics, including office buildings, shopping malls, hotels, parking lots and others. In Latvia, LB manages and develops the “Origo” shopping center, in Estonia – the largest shopping center in the country – “Ülemiste”. In the center of Riga, LB is managing a modern, environmentally and socially friendly business center “Origo One”, and also developing a dynamic city quarter “Sporta 2” and sustainable office complex “Satekles Business Center”.

  • Baltic RE Group
     

    BALTIC RE GROUP is an experienced real estate investor specialized in the creation and subsequent realization and management of value-added and core portfolios in the Baltics. The firm’s success lies in its unique investment and property management platform.

  • Estera Development
     

    ESTERA DEVELOPMENT is a property development company that focuses its operations in Rīga, Latvia. The team consists of experienced design and construction professionals with significant property development experience in the Baltic States and nearby markets.

  • Merks
     

    Construction company offering the construction of residential, public, industrial buildings and engineering structures. During 20 years of existence we have constructed more than 120 objects and more than 1000 apartments in several residential building projects.

  • Pillar
     

    Pillar was founded in 2008 and is currently a part of New Hanza Capital Group. The company is operating in the field of real estate development, construction, management, servicing, and sale.

  • BONAVA
     

    BONAVA is one of the leading developers of dwelling houses in Northern Europe, having grown out of NCC and creating houses since the 1930s.

  • DOMUSS
     

    The project developer DOMUSS is a real estate development and management company owned by the US investment fund group NCH CAPITAL, which has been operating in Latvia since 1995.

  • SALIENA
     

    SALIENA is the largest development project in the Baltics (450 ha), with an unparalleled location and objective to develop a fully functional and optimally planned town.

  • AFI Europe Latvia
     

    AFI EUROPE LATVIA is a part of global AFI GROUP. The group is an internationally renowned real estate company with more than 40 successful projects that have been implemented over the past 10 years in various European countries.

  • YIT
     

    YIT is the largest Finnish and a significant North European development and construction company Its subsidiary in Latvia is YIT LATVIJA, which provides real estate development and construction services. During its operations in Latvia, more than 15 housing projects have been completed in different neighbourhoods of Riga.

  • TOWERS CONSTRUCTION MANAGEMENT
     

    TOWERS CONSTRUCTION MANAGEMENT JSC is an affiliated company of SPI GROUP, which provides real estate development. Currently the company is engaged in construction and development of the multifunctional complex Z-TOWERS.

  • MODERN CITY
     

    MODERN CITY group of companies is Latvian capital Real estate management and development company. Currently MODERN CITY operates 3 office buildings with total leased area of more than 25 000 sqm.

  • Omnium Properties
     

    The Omnium Properties group of companies develops and manages historical commercial and residential rental properties, as well as, two luxury hotel properties. Currently, the group has approximately 50 000 square meters under management in Latvia, including Riga, Liepaja, Jurmala and Kandava.

  • GALIO GROUP
     

    GALIO GROUP is a real estate development and management company operating in Central and Eastern Europe. The company focuses on minimizing the environmental impact, maximizing the employees’ well-being and serving local communities.

  • COLLIERS INTERNATIONAL
    Associate Member

    COLLIERS INTERNATIONAL is a global leader in commercial real estate services operating from 554 offices in 66 countries. COLLIERS INTERNATIONAL has been operating in the Baltics since 2004 and provides a full range of services to its customers.

  • ELLEX KĻAVIŅŠ
    Associate Member

    ELLEX KĻAVIŅŠ is one of the leading law firms in Latvia with broad specialization and deep experience, that enables clients to access the market with focus and clarity. ELLEX KĻAVIŅŠ is a member of ELLEX, a circle of leading Baltic law firms.

NEWS

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NĪAA: The Ministry of Environmental Protection and Regional Development's decision not to approve the new Riga spatial plan is a very negative signal to investors

The decision of the Ministry of Environmental Protection and Regional Development (MEPRD) not to approve the new Riga spatial plan will have negative consequences for investors' confidence in the successive spatial planning and development process in Riga. When planning future projects, real estate developers have taken into account that the new plan and the development opportunities included in it will come into force. Instead, the current plan remains in force - it will reduce the attractiveness of Riga in the eyes of investors, hinder the development of future projects and further widen the gap between the city and other two Baltic capitals. The industry is expressing concern regarding the prompt approval of the new plan version.

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Shopping centres are assessing the possibilities to request compensation for losses caused by restrictions that do not comply with the Satversme

The Constitutional Court, evaluating the applications of several shopping centres, has acknowledged that the regulation which established restrictions on the operation of large shopping centres within the circumstances of the COVID-19 pandemic does not comply with the basic law of the state. The regulations of the Cabinet of Ministers violated the fundamental rights of entrepreneurs, preventing some points of sale from operating and causing significant losses. In total, shopping centres have lost at least 65 million euros during the restrictions, of which less than 20 million euros have been compensated, and according to entrepreneurs, the government has a duty to fully compensate the losses.

Real Estate Developers Donate to Ukraine and Display Ukrainian Flags

In support of the Ukrainian people and the country that is heroically resisting Russian aggression, the members of the Alliance of Real Estate Developers (NĪAA) express solidarity with the people of Ukraine and provide both symbolic support by displaying Ukrainian flags at commercial properties in Riga and Latvia, and practical support by donating funds and providing necessary workplaces for Ukrainian refugees in Latvia.

The requirement for certificates in shopping centres must be cancelled immediately, otherwise compensations must be granted

Recent Government announcements indicate that in Latvia, the requirement to present vaccination certificates for entry into shopping centres could be lifted from 1 March. However, there is a lack of epidemiological justification for this wait, and while the Government is hesitant, shopping centres continue to lose around 2 million euros a month. Meanwhile, the unvaccinated part of Latvian society is actively spending their income in neighbouring countries where trade restrictions have been lifted. In order to stop inequality and allow Latvian entrepreneurs to resume full-fledged operations, shopping centres are inviting the Government to immediately cancel the requirement to present certificates for access to their premises.

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Market research

Report on the Baltic real estate market for the 3rd quarter of 2022

In Q3 2022, investment volume in Latvia reached EUR 45 million, driven by smaller (< 5 mln EUR) transactions. The largest transaction: Eika's acquisition of retail property on Grostonas Street in Riga, occupied by Maxima, Lemon Gym, and Pepco. The office market showed increasing demand after a relatively quiet summer where the Verde office complex (Class A; stage I), developed by Capitalica entered the Riga market with 78% of pre-leased space by Decta, KPMG, Workland, and Swisscom. More than 140,000 sqm of GLA remains under construction, of which approximately 90% will be added to the market next year. Retail market. Tenants in the grocery segment continue to remain active. Lidl is proceeding with construction work on multiple new stores, while SPAR opened its first store in Liepāja and Saldus, along with plans to open up to 200 stores over the next five years. Industrial market: two major objects - Ulmaņa Parks II and the second part of Rumbula Logistics Park Stage 2 were completed, adding over 33,000 sqm of new warehouse space.

Report on the Baltic real estate market for the 2nd quarter of 2022

In Q2 2022, investment volume in Latvia reached EUR 85 million. ​Due to the ongoing war in Ukraine and high market uncertainty, the market was less active in March-April as some deals were revoked. Acquisition of SC Damme by Summus Capital was the largest deal of the quarter, followed by Lumi Capital’s acquisition of Indi Centrs (Class B Office Building). In Q2 2022, construction of several industrial projects was completed in Riga region, including the new Orkla Biscuit and Wafer Factory (23,000 sqm), the MDL warehouse in the Airport area (8,800 sqm), the Deposit System Operator building, and stage I of the Mežlīdes stock office complex. In Q2 2022, the Riga retail market remained active, seeing acquisition of former industrial sites close to the city centre by VPH with the goal of developing a new retail property by end of 2024. Q2 was the first full quarter after Covid-19 restrictions were lifted and several malls managed to regain 2019 footfall figures. Overall, retail market sentiment has improved with growing demand seen from both existing and new market players.

Report on the Baltic real estate market for the 1st quarter of 2022

In Q1 2022, total investment volume in Latvia exceeded EUR 75 million, with several notable investment transactions and half of the activity again observed in the retail segment. The rental residential segment continues to gain momentum – LHV acquired 5 rental apartment buildings (3 of them newly built in 2021) with more than 100 apartments in total for EUR 9 million in the Avoti district. Significant activity was also observed in the development segment with more than EUR 35 million spent on development properties. In Q1 2022, the Riga industrial market has been quiet, no new projects were started and no notable projects finished. For now, construction of development projects (GLA >180,000 sqm) continues, while no new developments were planned to start around this time. The professional retail objects continued to change owners and improve their strategies. K3 Imanta Mall (also known as Imantas Tirgus) was acquired by Green Formula Capital, while the recently-acquired SC Alfa was renamed as SC Akropole Alfa (the existing SC Akropole is now SC Akropole Rīga).

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Krasta City

Krasta City will be a multifunctional class A business complex located next to the river Daugava. It will reflect the ever-growing demands of businesses in Latvia and Baltics for an environment that helps to achieve business heights.
 
Sustainable and environmentally friendly solutions, unique location and magnificent views over the city will provide a foundation to take on new challenges and grow.

krastacity.lv

Strēlnieku 4B

Strēlnieku 4b is a new and modern living space in the quiet center of the prestigious Art Nouveau quarter. Within a walking distance there is the capital city center and the Old Town, with a wide range of business, education and entertainment opportunities. Location is suited for dynamic city life and all the demands of convenience, functionality and quality design solutions.

hepsor.lv

StokOfiss U30

A multifunctional business complex that combines functions of store, office and warehouse . The layout of the premises allows them to be transformed and used according to the tenant's needs. On the first floor, there are spacious warehouse and store premises with large shop windows. The second floor has office spaces.

hepsor.lv

VERDE

"VERDE" is the greenest A-class office complex at the Skanstes area in Riga (R.Hirša Street 1a) The total area of the complex is 45,000 m2, but the leasable area in both buildings is 30,000 m2. Opening of A building will be in June 2022, but Building B is scheduled to open in May 2023. The complex has been developed in line with BREEAM Excellent and the nZEB (nearly Zero Energy Building) standards. “Verde” is being developed by “Capitalica Asset Management” - one of the leading investment management companies in Lithuania.

verde.lv

City Oasis

A new City Oasis quarter will be built in the historical center of Riga, Tallinas Street 5/7. Aim of this project is to preserve the special atmosphere - a unique blend of modern architecture and history. The project includes a completely renovated 19th-century villa with 12 high-class homes. The spacious courtyard with green areas, trees, children’s play areas, cozy seating areas and a convenient bicycle park, as well as underground parking. 

prokapital.com

Blue Marine

Blue Marine is the second phase of the Klīversala Quarter and foresees the completion of high-quality apartments, a large green area around the house, and underground parking.

The name is a reflection of the romantic, Mediterranean atmosphere here – the sunlit peninsula, the proximity of the Āgenskalns Bay and river Daugava but also the sea

bluemarine.lv

River Breeze Residence

River Breeze Residence is a truly one of a kind landmark of the city’s silhouette, located on the shore of the Daugava. Premium class residential building is known and recognized for its unique appearance and impeccable quality. The round shape of the Residence allows to catch as much sunlight as possible and offers spectacular views to the old town Riga and its towers, and river Daugava.

kliversala.com

Shopping center SĀGA

SĀGA is a new modern lifestyle shopping center with unique range of tenants, under one roof combining design, sports, entertainment, catering and DIY category stores and services, as well as several new entrants to the Latvian retail market. The total rentable area is 51000m2. Opened in November 2020.

saga.lv

Shopping complex at Valdeķu street

Daily shopping complex at Valdeķu street 39, Riga, with a total leasable area of 5000m2, where anchor tenant is LIDL.

Opened for customers in December 2021.

“Hampton by Hilton” Riga Airport Hotel

Hampton by Hilton brand hotel near the airport "Riga", with the total number of rooms 189. This is the first international chain hotel being built near Riga Airport. The total value of the project is 13.8 million euros. Completion - 2022, Q1.

Ulmaņa park II

Warehouses and offices next to Ulmanis Gatve, excellent location, by the ring road on the main national roads. Ultra energy efficient rooms with technologically advanced equipment. The project is being developed according to BREEAM® certification standards.

Area: 21,000 m2

Location: Marupe

ulmanaparks.lv

GREEN PARK

Ultra energy efficient project with a strategic location near Riga Airport (RIX). Built To Suit - premises built for customer needs and company specifics. Technologically advanced equipment that makes everyday life easier and helps you save money.

Area: 55,000 m2

Location: Marupe

piche.eu

LIDOSTAS PARKS

Modern warehouse, production and office complex. Thanks to the innovative application of technology in construction, as well as maximum energy efficiency, this complex of premises provides a suitable working environment and reduces monthly costs.

Area: 23,000 m2

Location: Marupe

piche.eu

Kimmel Kvartāls

The vision for Kimmel development project is to create a vibrant, green, urban block, with a focus to improve life in the area. Kimmel is to be a central meeting space with an open flow between indoor and outdoor environments. The Kimmel property comprises 11,500 sq.m. land for development in central Riga. The property consists of an city block along Kr. Valdemara, Skolas, Brunieku and Stabu street.  It is planned to develop a total of around 38,000 sq.m. There are currently buildings of around 4,000 sq.m. on the property which are heritage listed and must be preserved.

eastnine.com

The Pine

Eastnine is planning to build the first all-wood office building in the Baltics, called The Pine.

The building, which is designed by the international architect bureau Arrow from Denmark, is expected to comprise around 16,900 sq.m.  The Pine is the first office property in the Baltics planned to obtain double sustainability certificates: LEED Platinum for the building itself and WELL which concerns the well-being of the people spending time in it.

eastnine.com

Alojas Biroji

Alojas Biroji, built in 2009 and taken over by Eastnine in 2018, consist mainly of a modern office building situated along the Krisjana Valdemara main street, close to the city center. 

The property was awarded LEED Platinum certification 2020, which is evidence of the building's qualitative resource use, indoor environment and great work environment. The office building's lettable area amounts to 9,515 sq.m. across six floors

eastnine.com

Shopping and entertainment centre AKROPOLE

AKROPOLE shopping and entertainment centre is the most modern shopping centre in Latvia, housing the unique brand stores and the biggest stores beloved brands. The wide range of stores is complemented by restaurants and cafés to suit all tastes and a broad selection of entertainment options for the whole family.

akropoleriga.lv

AKROPOLE Business Centre

AKROPOLE Business Centre is the largest business centre in Latvia that is connected to a shopping centre. In the Business centre, there are 9 floors with nearly 10,000 square metres devoted to B+ class office spaces.

akropoleriga.lv

Rental house and Office building, Elijas street 19

Five-storey residential and three-storey office building. Total GLA 1419.93m2, 29 apartments. After the purchase, the building was completely renovated. The roof covering was replaced, the facade was renovated, premises were equipped with new safe, high quality plumbing and electricity installations., Two buildings became modern office and residential rental houses.
 

www.hansa.re

Multi-functional warehouse and office building, Uriekstes street

After the purchase, the existing warehouses were renovated, as well as a full construction process for new warehouse premises was carried out, meeting all modern requirements. The warehouse complex hosts the warehouse network and parcel delivery point of SIA "DPD Latvia", as well as other tenants premises.
 

www.hansa.re

Office building with a sports club, Elijas street 17

Six-storey office and sports club building. Total GLA 12287m2. After the purchase, the office building was completely renovated in the common premises and the lobby, new elevators were installed, the facade was renovated, as well as lighting was installed. The building is conveniently located – in the centre of Riga, with private parking available in the courtyard.

www.hansa.re

ZEISS Biroji

Renovation and construction of the ZEISS Biroji historic building, developing a new Class A office building that will offer its tenants not only a dizzying view of the Daugava and Old Riga towers, but also the latest and most modern amenities in the offices and building. We plan to implement this project by the end of 2022.

zeissbiroji.lv

Multi-storey car park

Together with the ZEISS Biroji office building, we will build a multi-storey car park for 380 cars in the area to free up more space for public spaces and create more recreation areas and places to stay together.

zeissbiroji.lv

SKANSTES CITY

The largest property managed by SG Capital is an office campuse  Skanstes City, on 50 Skanstes Street. It includes 8 office buildings in which more than 60 Latvian and foreign leading companies are currently developing their business. Total leasable area in Skanstes City business campus is 46,000 m2.

The main advantage of Skanstes City is infrastructure – good location, high quality services and sustainable thinking.

www.skanstescity.lv

SKANSTES CITY DUNTE

Skanstes City DUNTE is the second-largest property managed by SG Capital, located next to a Skanstes City offices campuse on Duntle Street 3. The area to be rented shall be more than 7,000 m2. In Skanstes City DUNTE premises, more than 15 Latvian and foreign companies are developing their business. The building's outstanding design is designed by architectural company ARHIS ARCHITECTS, and its extensive and unaccustomed glazing gives the “city never sleeps” feel.

www.skanstescity.lv

OPEN CENTRE

OPEN CENTRE is an office building in the heart of Riga itself, Brivibas Street 39, and the total area to be rented exceeds 2,300 m2. SG Capital has managed this building from 2018 and the house has experienced a complete renovation at this time, as a result, it is fully in line with the requirement of a “A” class office building and provides an accessible, comfortable and elegant environment to today's tenant.

www.opencentre.lv

Liepziedi

The most affordable new modern apartment project in Riga, located right next to Mežaparks, easily reachable from the city center and within a short drive to Vecāķi beach.

www.liepziedi.lv

Tuvidi

New apartment project in Baloži. Modern and well-thought-out two- and three-room apartments for couples, families with children and all who wish to live closer to nature and at the same time be only a 20-minute drive from Riga center.

www.tuvidi.lv

Kr. Barona street 11 partial redevelopment

Omnium Properties continues to re-develop this historic property built in 1901.  Between 2014 and 2017, 1050 m2 of mid-range residential rental apartments and 220 m2 of street-level commercial space was renovated. An additional 450 m2 of residential apartments will be renovated by 2020.

www.omniumproperties.lv

Elizabetes street 13 partial redevelopment

Omnium Properties is in the finishing stages of completing renovations of 610 m2 of high-end residential rental apartments and 240 m2 of office space in this historical building which was originally built in 1904.  The building is home to foreign business executives and diplomats and some small offices.

www.omniumproperties.lv

Bergs Bazaar expansion

In 2014, the Bergs Bazaar continued expansion of office and retail space, providing tenants with high quality space in a unique historical surrounding.  By mid-2018, 4130 m2 meters of commercial space will have been renovated, including a 400 m2 historical wooden building. An additional 4170 m2 will be renovated between 2019-2021.
 

www.bergabazars.lv

SKANSTES PARKS

SKANSTES PARKS – an apartment house project in Skanste. The project consists of three modern five and six-storey buildings with 138 apartments, surrounded by a landscaped and green park.

www.skanstesparks.lv

GAIĻEZERA NAMI

The most modern new project in Mežciems – GAIĻEZERA NAMI. It is planned to complete the first stage of the project in 2017 by building three of the total six dwelling house complex buildings in a well-maintained environment next to Lake Gaiļezers.

www.gailezeranami.lv

SKANSTES MĀJAS

SKANSTES MĀJAS is a quality and energy-efficient dwelling house complex in Skanste, consisting of three separate buildings. There is a total of 271 apartments, having two to five rooms. The project SKANSTES MĀJAS was carried out during the period from 2012 to 2015.

www.skanstesmajas.lv

NEW HANZA BUSINESS NEIGHBOURHOOD

Having completed the first infrastructure construction works at New Hanza territory and having attracted investors, it is planned to start work on construction of A-class office building. The complex is going to meet the highest quality and comfort demands.

www.pillar.lv

HANZAS PERONS

After the reconstruction the former warehouse of Riga cargo railway station at New Hanza territory was reborn into a multifunctional culture venue Hanzas Perons. It can be used as a concert hall that can welcome more than 2000 guests, as well as art or exhibition gallery or a corporate event place. Reconstruction was carried out based on the project by architecture bureau “Sudraba arhitektūra”, which has gained recognition both by local and international industry experts.

www.hanzasperons.lv

Park Residences

Residential complex PARK RESIDENCES consists of three apartment buildings framed by curvy Baltic sea coastline, dense forests and splendid gardens. Every apartment is provided with a balcony or a terrace with a view of coast forest nature. Location infrastructure provides easy and effortless access to Jurmala cultural and commercial venues. Being close to Latvia's capital and airport makes living in residences comfortable also for business people.

www.park28.lv

Dammes Liepas

DAMMES LIEPAS is a new apartment house project in Imanta that ensures the highest quality for a customer-friendly price. Well-established infrastructure — schools, nurseries, public transport stops and cycling paths. A splendid home for families to enjoy quietness and relaxation from the city turmoil just within 15 minute driving distance from the capital centre and Jūrmala.

www.dammesliepas.lv

Sun Terraces

Modern residential complex SUN TERRACES is a manifest and an ode to the Sun. Located in the very heart of Jurmala, a modern 3-floor building is constructed in such a way as to letting the maximum of sunlight to open terraces, playground and inner yard. In frontage finishing only natural materials were used such as marble and noble wood of cedar.

www.sunterraces.lv

Gypsum factory

The only loft of the highest-level architecture within Riga located in an exclusive part of Riga – in Ķīpsala – an island on the bank of the River Daugava where the flowing river and picturesque nature subdue the city bustle. The project complex with an inner garden courtyard offers 58 upscale apartments and four exclusive villas. Directly beneath the apartment windows, there is a private marina for yachts and motorboats.

www.gipsafabrika.lv

Felicity Apartments

FELICITY APARTMENTS is a modern and sustainable, seven-floor building in the historical center of Riga. It is the first and only BREEAM certified residential building project in Latvia and Baltics. The 62 comfortable apartments are on offer with high-quality full interior finishing, energy efficiency, including underground carpark and individual storages.

www.felicityapartments.lv

Mežaparka rezidences

MEŽAPARKA REZIDENCES will cover 31 ha large well-developed territory, which is a harmonious continuation of the historical neighborhood of Mežaparks. The concept includes closed, private and landscaped territory, with villas of unique design, as well as twin villas, row houses, apartment houses and office building within it.

www.mezaparks.lv

Pīlādžu mājas

The new housing project "Pīlādžu mājas" on Tumes Street 25 is situated on one of the greenest and quietest parts of Ziepniekkalns - in the vicinity of Ēbelmuižas Park. The project will consist of two six-story and one four-story residential buildings with a total of 190 modern apartments. Each apartment will have an individual ventilation system with recuperation. The parking lot will be equipped with the necessary infrastructure for charging electric cars.
 

www.bonava.lv

Blūmendāles mājas

The ongoing Bonava project at 1E Prūšu Street, in the very center of Kengarags, consists of four five-story buildings with 58 apartments each.
In total there will be a new,  modern and environmentally friendly housing for 232 residents.
The construction of the first house is planned to start in the spring of 2022, and all four houses will be ready for first flat owners by 2026.
 

www.bonava.lv

Ropažu iela 16

The ongoing project on Ropažu Street, in the historical territory of the Vidzeme bakery, consists of 3 five-storey buildings with 220 modern, sustainable and environmentally friendly apartments.
Besides modern elevator at each entrance, apartment owners will be able to appreciate the benefits of a spacious and secure personal storage space, as well as enjoy wonderful moments on their own balcony or terrace.

www.bonava.lv

PRIEDES

YIT apartment buildings PRIEDES are located in a picturesque and immensely green place thus ensuring for its residents a peaceful suburb way of living. The place where Scandinavian quality and pleasing comfort comes together. Encompased by pine trees, these apartments invite everyone to enjoy the green neighbourhood near the shores of River Daugava, while at the same time the center of the city is also easily accessible.

www.yitmajas.lv

Biķerziedi

BIĶERZIEDI – a complex of residential apartments in one of the most beloved and prestigeous Riga neighborhouds – Teika, Bikernieku Street. The successful location will grant joy and feeling of comfort for everyone who values dynamic way of living and comfortable relaxation. The light BIĶERZIEDI buildings have one-, two-, three and four-bedroom apartments, all of which have their own individual balconies.

www.yitmajas.lv

Riverstone Residence

A complex of residential buildings RIVERSTONE RESIDENCE in Kipsala which not only serves as a place of active life style but also gives you peace which can be experienced only by living on an island of River Daugava. The new project will include qualitative and comfortable two-, three-, four- and five-bedroom apartments with spacious terraces or balconies. There will be a tidy, landscaped and well-lit territory around the complex as well as a playground for children.

www.yitmajas.lv

JAUNĀ TEIKA

The main priorities of the JAUNĀ TEIKA development are energy efficiency, functionality and accessibility. The completed apartment buildings are homes for more than 400 families and more than 1500 professionals are working at the JAUNĀ TEIKA office buildings. Over the next years, JAUNĀ TEIKA will add new space and facilities for those living and working in the local area, making it as one of the biggest modern neighbourhoods in Riga.

www.jaunateika.lv

PLACE ELEVEN

PLACE ELEVEN is developed as a truly sustainable and green A - class building from its very foundations to the tip of its roof. Over 14,000 m2 of offices at PLACE ELEVEN present efficiency, sustainability and superior quality, creating an excellent environment for innovative business development.

www.p11.lv

26VESETAS

26VESETAS is a living space that fits into the city, with like-minded neighbours, comfortable surroundings and friendly vicinity. Located at 26 Vesetas Street, just a few steps away from the main streets of Riga while still in the silent centre, 26VESETAS allows you to enjoy a real urban life. It is both a gateway to busy urban everyday life and a home where you can close the door behind you, finding shelter in a serene and beautiful environment.

www.26vesetas.lv

TREBŪ HOME

TREBŪ HOME is a new and modern residential concept in Rīga, offering residents everything that is necessary for a good and comfortable life. Special focus was made modern technological solutions to provide classical home values to our residents.

www.trebuhome.lv

SALIENA IDEAL HOME

SALIENA IDEAL HOME is a unique private housing concept, which allows the client to choose the details of their dream Ideal Home – such as the land plot size and location, number of floors, interior floorplan, decoration and additional specifications.

www.saliena.eu

Golf Apartments

A convenient apartment complex with low-rise 5 apartment buildings and 8 townhouses, which is part of Saliena’s Golf Estate concept. It is a popular lifestyle choice across the world, where a golf course is an integral part of a residential area with a green, secluded and peaceful environment. The apartment buildings were designed according to Scandinavian technologies, and are highly energy-efficient.

www.saliena.eu

Prepared land plots

There is the opportunity to build a private house in Saliena, with your own project. The land plots have all the necessary city communications installed, and furthermore have a newly built and modern infrastructure for the surrounding area. All land plots are ideally located, and are surrounded by a regularly maintained and greened area.

www.saliena.eu

Z-TOWERS

Z-TOWERS is a complex of buildings with the total area 100 000 m2, consisting of two round 30-storey towers, connected by a five-storey-high Podium part joining the towers at their bases and 4 level underground parking. Premium class apartments are located in the North Tower and offered for rent and for sale. A class Office premises are located in the South Tower.

www.ztowers.lv

Kimmel Quarter

Project is located in the city center of Riga. Property makes up almost whole block and is verged by three streets – Kr. Valdemāra, Bruņinieku and Stabu.
It is planned to develop it as new class A office quarter.

www.kimmelkvartals.lv

Garden Apartments

Apartment project is located in Riga in Mežaparks. The project is unique of it’s beautiful garden of approximately 6000 m², that is planted with conifers, fruit trees, and various flowers. Project consists of only 15 apartments with high quality finishing. In 2015 project was nominated for Riga Architecture prize and received FIABCI-Baltic prize „Family friendly project”.

www.gardenapartments.lv

Astras Biznesa Centrs

ASTRAS BIZNESA CENTRS is a newly built, modern B+ class office building. Building has 7 floors with different size office and commercial premises with office areas ranging from 80 up to 1200 sqm. A spacious lobby with a comfortable waiting area for guests, several shops and a dining restaurant are located on the ground floor.  The largest tenants are Allnex, Primera Air, Knowledge Price, Zalaris.

www.astras.lv

CONTACTS

MĀRTIŅŠ VANAGS
Managing Director

(+371) 29328315
martins.vanags@niaa.lv

Sporta iela 11, Riga, LV-1013

LAURA BLUŠA
Project Manager

(+371) 29282266
laura.blusa@niaa.lv

Media Contacts:

ZANE IEVIŅA
(+371) 28714968
zane.ievina@prae.lv