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.

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


  • 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)

  • Baltic Horizon Fund northern Horizon Capital AS

  • East Capital Real Estate

  • 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 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.

  • SIA “M257”

    SIA “M257” is the owner and developer of AKROPOLE shopping and entertainment centre. The company is part of UAB “Akropolis Group” that owns the Akropolis shopping centres in Vilnius, Šiauliai and Klaipėda.

  • 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.


    "R.EVOLUTION" is an investment partner and a developer of the real estate projects with a wide range of resources and the experience necessary for effective management and promotion of these projects. Its main areas of expertise are development, investment and consulting in the field of residential and commercial real estate.

  • 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.


    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, LINSTOW BALTIC SIA, a subsidiary company of Linstow, has been the leading real estate developer and operator in the Baltics, concentrating on the shopping centre and office market segment.

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


    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 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.


    HANNER GROUP operates in six countries – Latvia, Lithuania, Romania, Russia, Ukraine and Belarus. During 20 years of operation they have built more than 270 000 sqm of leasable office, retail and warehouse space and 4 300 apartments.

  • YIT

    YIT is a construction industry leader in Finland. YIT CELTNIECĪBA is a Finnish subsidiary company in Latvia developing real estate projects and providing construction services.


    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 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 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.

    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.

    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.



Shopping centres suffer EUR 6 million losses every month due to restrictions

Since 15 November, the trade sector has been experiencing another period of restrictions. Currently, points of sale exceeding 1,500 m2 are available only to customers with vaccination certificates, while on weekends, only basic necessities stores operate in shopping centres, but outside them all points of sale are allowed to operate. Dividing points of sale accordingly to their space, again distorts the competition in the country and causes significant losses, therefore the industry calls on the Government to immediately approve a support program for shopping centres.

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On average only 25% of stores are open in the shopping centres - immediate support for rent is required!

Currently, according to the regulations adopted by the Government, only the basic needs-carrying stores are allowed to work in shopping centres - on average they occupy only 25% of the area of shopping centres. The remaining 75% of stores do not work and do not pay rent for the premises, creating more than 11 million euros of losses to shopping centres in Latvia every month. This situation has been caused by the Government's inability to achieve the vaccination of the majority of population in order to gain herd immunity in Latvia, so the industry calls not to hesitate and to decide on granting rental support.

Restrictions must not prevent access to essential goods and vaccination points in shopping centres

With the rapid rise in the incidence of Covid-19 in Latvia continuing, the government intends to decide on new restrictions that could affect most sectors, including trade. The Alliance of Real Estate Developers emphasises that restrictions can make it more difficult to access vaccination points in shopping centres or even force property owners to close them. This would negatively affect the pace of vaccination in the country, as almost 25% of people are vaccinated in shopping centres. To avoid this, the industry calls on the government to make evidence-based and experience-based decisions while maintaining public access to both convenience stores and vaccination points.

Almost 25% of people are getting vaccinated in the shopping centres - they must remain available to everyone

One of the most pressing issues for decision-makers is related to the trade restrictions associated with the spread of the Covid-19 virus. The largest shopping centres have got acquainted with the various restrictions developed by the ministries and repeatedly emphasise that the mistakes made by Lithuania must not be made in Latvia, allowing only vaccinated buyers to enter shopping centres. Instead, it must be possible to provide access to the basic necessity stores and vaccination points in shopping centres where almost a quarter of the population is getting vaccinated, and air quality and fire safety issues must be taken into account when introducing new restrictions on trade.

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Market research


Q3 2021 has been the most active quarter in terms of investment volume in Latvia, exceeding EUR 330 million due to Akropolis Group signing an agreement to acquire the Alfa SC and EfTEN signing an agreement to acquire Jauna Teika BC for EUR 131 million. Interest in the rental residential segment remains high, which resulted in BTA and YIT going into a joint venture to build rental buildings in all three Baltic capitals. In Q3 2021, the Riga office market expanded by an additional 2,000 sqm as the Icon office building (fully leased) was put into operation. In addition, three new projects have started since then: the first stage of Gustavs BC, the office building on Mihaila Tala St 1, and Rimi HQ.

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Report on the Baltic Real Estate Market for the 2nd Quarter of 2021

In addition to three large office projects under construction in Riga: Verde, Preses Nams and Novira Plaza, Q2 2021 saw the start of construction work on the Zeiss office building with around 89,000 sqm of mostly Class A office space. Q2 2021, the logistics sector helped the industrial market in Riga to gain momentum. Increasing demand could help to keep vacancy stable when new objects enter the market. 2 new industrial objects were commissioned during Q2, including the first part of Rumbula Logistics Park stage II and DHL Riga Airport LC.

Report on the Baltic Real Estate Market for the 1st Quarter of 2021

The industrial segment is receiving constant investor attention in Latvia – SG Capital completed its first acquisition, a large industrial territory in Dreilini in Q1 2021. Previously expected market trends are becoming a reality with investors actively looking to other segments apart from the typical office &retail. BTA Baltic Insurance Group signed and agreement for one of the largest residential transactions in Latvia’s history, acquiring more than 150 apartments in 3 projects from their developer & operator Rentejas.

Report on the Baltic Real Estate Market for the 4th Quarter of 2020

Activity in the Latvian investment market during 2HY 2020 led to surpassing last year’s result with total investment volume in 2020 exceeding EUR 320 million. End-2020 saw several large transactions, such as the sale of the SC Riga Plaza; closure of the Laurus fund by selling its two remaining assets – SEB HQ and SC Olimpia to Grinvest; EfTEN’s acquisition of the Berģi LC and the acquisition of the Kungu 1 office building in Old Town by Corum. Overall, in 2020, the share of Baltic capital exceeded 80% of total volume.

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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.


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



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



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


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.


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.


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


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.


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.


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.


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.


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.


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.


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.



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.



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.



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.



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.



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.


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.


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.


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.



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.



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.



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.



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.



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.


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.


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.


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.


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.


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.


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.



The building at Putnu iela 31 is located on one of the small streets of old Ziepniekkalns, farther from the near-by motorways, and has a leisurely suburb atmosphere. The building includes 60 beautiful two- and three-room apartments. The surroundings of the house have been created in a way that separates the active and functional area with the parking place and drive-way from the leisure and play area.


Biķernieku iela 160

Although the project at Biķernieku iela 160 is located in Mežciems, next to the Jugla forest, it is only a 20-minute drive away from the centre of Riga. Over a period of several years, construction has been completed on 18 four and five-storey buildings with 356 spacious and well-planned two, three and four-room apartments; all buildings include an elevator, every apartment has a roomy balcony and an individual storage room in the basement.


Lapsu iela 12

The new project at Lapsu iela 12 is located between the small streets of Dārzciems – at the intersection of Lapsu and Stopiņu streets. For a complete feeling of a provincial town, every apartment has been equipped with a balcony, whereas the seven apartments of the ground floor have gardens. There is a total of 46 two, three and four-room apartments, and cars may be parked in a surface parking place within an enclosed and guarded territory.



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.



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.


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.



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.



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.



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.



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.



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.


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.


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.



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.


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.


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”.


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.



Managing Director

(+371) 29328315

Sporta iela 11, Riga, LV-1013

Project Manager

(+371) 29282266

Media Contacts:

(+371) 28714968