Published: 2024-05-02 14:43
Verde office complex in Riga. Company photo
The investment company Capitalica Asset Management has completed the development of the Verde office complex in Riga, the capital of Latvia, where it invested more than 65 million. Eur.
Investment company Capitalica Baltic Real Estate Fund I has two 45,000 sq. The construction of office buildings with an underground parking space in the Skansts district began in 2022. november
They include 19 Latvian and international companies. The occupancy of the first building, opened in 2022, is 100%, the second 90%. Tenants will start moving into the second building in May.
Completion of construction is very important for all those who participated in the development, tenants, investors and bondholders. The results show that the capital of Latvia was looking for an A-class building. Therefore, in the future, we will continue to expand Class A offices in Latvia, says Mindaugas Liaudanskas, CEO of Capitalica Asset Management, in the announcement.
The complex was designed by the Latvian architect Andris Kronberg and is being built by the Latvian company Velve.
Capitalica Baltic Real Estate Fund I owns Vilnius office building 135, Kaunas office building Kaunos dokas and Klaipda store Luiz.
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Topic Construction and Real Estate
