Construction begins on Verde C & D: Capitalica Asset Management opens leasing opportunities for future tenants
Capitalica Asset Management, the investment management company and main partner of the BREL Forum for the fifth year in a row, has started the construction of two new buildings (C and D) in Riga’s greenest office complex, Verde. Investments in these phases will exceed EUR 70 million, marking a major milestone in the ongoing development that will transform Verde into Latvia’s greenest business district.
Andrius Barštys, CEO of Capitalica Asset Management: “Capitalica has been active in Latvia for more than five years with the well-recognized A-class office brand Verde, and we are glad to share our current developments and market experience with the participants of the BREL Forum. We look forward to welcoming guests at our lounge area and engaging in meaningful conversations – about the ongoing development of our flagship Riga project, Verde, as well as the investment opportunities offered by Capitalica Asset Management”.
The expansion will add 37,000 m² to the complex, including 22,500 m² of leasable A-class office space and capacity for around 2,500 new jobs – further strengthening Verde’s role as one of Riga’s most modern and sustainable business area. Phase three (Building C) is scheduled for completion in Q1 2027, followed by phase four (Building D) in Q2 2028.
Experienced team
The general contractor for the new phases is Capitalica Industries, part of the Capitalica Asset Management group. The architectural design of the C and D buildings was created by Latvian architecture firm ARHIS ARHITEKTI. Construction supervision will be carried out by Baltic Construction Consultancy.
The project is being implemented by the Capitalica European Office Fund, which focuses on developing new sustainable offices or acquiring already built and leased office buildings in the Baltic and CEE region. After completion, business district Verde will have more than 50,000 m² of A-class office space for up to 5,500 professionals, with a total investment of approximately EUR 150 million.
Unique features of the new Verde buildings
Sustainability remains a top priority for Verde, with the new C and D buildings designed to achieve the highest BREEAM Outstanding standards. They will feature 3,000 m² of rooftop gardens to promote biodiversity, enhance well-being, and provide panoramic views, alongside rooftop solar parks to boost energy efficiency. At the same time, two historic houses within Riga’s UNESCO-listed center will be carefully restored and integrated into a modern, sustainability-driven business environment that enriches the Verde district’s identity.
Office space available for lease – now
Office spaces in the upcoming Verde C and D buildings is now available for lease – starting from 100 m² up to 2,000 m² on a single floor or across multiple levels. Tenants can fully customize layouts to match their needs: open-plan, individual or hybrid workspaces. Premises can also be equipped with quiet zones, modern kitchens, meeting rooms, and lounge areas.
More information: https://verde.lv/en/verde-cd-buildings.
Iveta Ardava, Commercial Director of Verde: “We are now entering an exciting stage of development – with the building permit obtained and construction works underway. Companies that decide to join us during this journey will have the advantage of moving into their new offices almost immediately once the buildings are completed. I warmly invite businesses to meet with us now – including during the BREL Forum – to explore leasing opportunities, as this truly is the perfect moment to secure your place in the future Verde community”.
Existing Verde tenants – proof of success
Since the beginning of this year, Verde’s A and B buildings have reached 100% occupancy. Today, the complex is home to 27 forward-thinking local and international companies – including Enefit, Indexo, KPMG Latvia, Merito Group, Roche Services & Solutions, Swisscom, Tietoevry Latvia, VIA SMS Group, Workland, Worldline and many others – all of them demonstrating a strong commitment to sustainable solutions.
More information about Verde: www.verde.lv
