Hepsor

Hepsor is an Estonian property development company operating in Estonia and Latvia since 2017. In 2023, Hepsor completed the Nameja Rezidence, a business class residential project in Riga with 38 homes, and invested €13 million in the StokOfiss U34 multifunctional business complex. The company also began developing the Annenhof Majas and Zaļā Jugla projects, adding 145 new apartments. Hepsor emphasizes green thinking and modern architecture in all its developments.

Pillar

Pillar is a leading Latvian real estate developer since 2006, known for winning top construction awards. Recent projects include the A-class office building at Mihaila Tāla Street 1 (17,041.5 m²), Mežciema mājas (5,256 m²), and Dreiliņu priedes (7,870.38 m²). Total investments exceed €83 million, with over €334 million planned for future developments. Pillar's notable project is New Hanza, a significant urban development in Latvia.

Kaamos

Kaamos Group, an Estonian company founded in 2002, specializes in real estate development, construction, and green energy. In 2023, Kaamos launched several significant projects in Latvia, including MOHO PARK, Ābeļziedu terases, and MOHO GARDEN, totalling 354 apartments with an investment of approximately €43.5 million. Kaamos also entered the commercial real estate market by acquiring a land plot in Mārupe. Their developments emphasize energy efficiency, sustainability, and innovative design solutions.

Capitalica

Capitalica Asset Management specializes in managing investment funds in Baltic commercial real estate. In 2023, it developed significant projects including the Verde office complex in Riga and Sand Offices in Vilnius. Additionally, Capitalica has invested in six logistics complexes and in a new land plot in Riga's CBD. Established in 2016, it oversees €225 million in assets, managing five funds and 12 properties, and has raised €67 million through bonds, repaying €39 million.

River Properties

River Properties, one of the leading Latvian real estate developers, specializes in reconstructing commercial and residential buildings. The developer aims to revitalize neglected spaces with modern comfort and aesthetics, collaborating with architects like Zane Tetere and Dita Lapiņa. In 2023, River Properties has launched premium office buildings at Perses 2A and Barona 30 in Riga emphasizing eco-conscious practices and historical-contemporary balance.

Novira Capital

Novira Capital, an esteemed Estonian real estate developer, has expanded significantly in Latvia, developing ~39,000 m² of retail and office space since January 2022. With a total investment of €75 million in Novira Plaza Riga and over €7 million in the residential quarter Rankis, the company focuses on large-scale commercial and residential projects, including developments in Tallinn, Pärnu, Marbella, and Riga.

Invego

Invego OÜ, a top Estonian real estate developer with over 15 years of experience, has expanded into the Latvian market with plans to build 3,000 new homes and invest €600 million. Notable projects include Parka Kvartals and Skanstes Residences. In 2023, Invego also entered the Portuguese market, developing a luxury residential area of 154 villas in the Algarve region.

Bonava Latvija

Bonava Latvija, the largest residential developer in Latvia, with 1,300 employees, its parent company, Bonava, leads real estate development in Northern Europe. Since September 2023, Bonava Latvija has completed 284 apartments across four projects with a 78.25% occupancy rate and invested €26.2 million. Additionally, 308 more apartments are under construction, and the company entered the rental market with a new building of 96 apartments in September 2023.

One Development

One Development, founded in 2009, is a seasoned Latvian developer known for premium-quality projects. Their recent project, Raiņa Nams, re-developed 3,000 m² into 38 luxury apartments, with an investment of €5.9M. Located on Raiņa bulvāris, the project offers stunning views of Riga's old town and the opera house, with 23 out of 38 units already sold.

Pērses 2A by River Properties

Pērses 2A is a modern office center in central Riga, featuring a landscaped courtyard, bike racks, electric car charging, a wide terrace on the upper floors and professionally designed interior. Designed by award-winning architect Ilja Miļgroms (Sintarh), the seven-story building offers 3,500 m² of leasable space for ten tenants. This 7-storey office centre was one of the first new offices built in recent years in Riga center, and it perfectly fits among the historical buildings. Developed by River Properties, the project represents an €8 million investment, blending modern design with historical surroundings.

Novira Plaza by Novira Capital

Novira Plaza by Novira Capital is a 39,000 m² business complex in central Riga, designed by renowned architect Dace Putnina. With a total investment of €75 million, it features LEED Gold certification (soon to be Platinum), energy-efficient designs, modern amenities, and a focus on sustainability. The project transforms an underutilized space into a vibrant community hub, significantly enhancing Riga's urban infrastructure.

Verde II by Capitalica

Verde Building B is an 11-floor A-class office complex in Riga, connected to Building A via an underground parking garage and a lushly greened lobby featuring the Dia 36. Line restaurant. With 15,000 m² of rentable space, over 90% leased to IT, finance, and medical companies, the total area is 23,000 m², including landscaped courtyards and green areas. The project embodies green thinking and sustainability, making it a vibrant gateway to the Skanste CBD.

Moho Park by Kaamos

MOHO PARK, developed by SIA Kaamos Real Estate, is a residential complex in Riga’s Mežaparks featuring two 12-storey buildings with 154 apartments and 11,340 m² of living space. With a €15.5 million investment, it boasts A+ energy efficiency, solar panels, electric car charging points, and extensive green spaces. The project preserves trees, includes a large bicycle shed, and provides modern amenities and sustainable features. Currently, 85% of the apartments are sold.

Marpagalmi by YIT

Marpagalmi Project by YIT Latvija focuses on creating a landscaped area and recreation zone, including pond remediation. The first stage redeveloped 4,800 m² with a landscaped area and a 300 m² kids' playground. The project featured unique remediation of oil-contaminated sludge and construction waste, introducing ducks and fish to the pond. A 24-meter composite bridge and restored fountain enhance the area, providing a private yet inviting space for residents.

Ciekuru Majas by Bonava

“Čiekuru mājas” is a project by Bonava Latvija that has been developed for the middle housing segment. Located at Druvienas Street 2, Riga, the project covers 3,693 m² and includes 45 apartments with sizes ranging from 42 to 83 m². With a total investment of €5.8 million, the project features A+ energy efficiency, solar panels, and electric car charging infrastructure. Currently, 33% of the apartments are sold.

Versum by Estmak Capital

Versum, developed by Estmak Capital, is a stock office in Riga encompassing 11,650 m², including office spaces, warehouse spaces, and showrooms. With a total investment of €20 million, Versum features a 3-in-1 concept designed by VVV Architecture, emphasizing energy efficiency and modern amenities. The project revitalizes the local area, introducing a dynamic business hub and decentralizing business facilities in Riga. At commissioning, one of Versum's buildings is almost fully occupied, and one of the tenants is new to the Latvian market. Versum is also set to be BREEAM certified, showcasing its commitment to sustainable practices with eco-friendly materials, solar panels, and electric car charging stations.

Elemental Business Centre by Kapitel

Elemental Business Centre by Kapitel is a Class A office development featuring 33,500 m² gross area and 21,000 m² leasable area, providing up to 2500 workplaces. With a EUR 60m investment, it is the first project in Latvia to achieve BREEAM Outstanding certification and use ground source heat pumps. The first phase includes unique parametric façades designed by Pluss Arhitektid. The center, located in Skanste, has 93% occupancy.

Raina Nams by One Development

Raina Nams, developed by One Development, has undergone a significant revitalization, transforming 3,000 m² into 38 premium apartments with an investment of 5.9M EUR. The project features luxurious finishes and unique ceiling decorations, enhancing the area's prime real estate value. As of now, 23 out of 38 units have been sold, reflecting its success.

Skanstes City by SG Capital

“Skanstes City office campus has invested over €7.6 million since 2023 to enhance efficiency, sustainability, and wellbeing. The renovation included updating two buildings at Skanstes 54/54a, totalling over 7,000 m², with new facades, HVAC systems, and A1-class fitouts. Additional improvements feature a new 400-car parking lot at Laktas 16, the innovative Giraffe Park, and various upgrades for greener, safer, and modern mobility and environmental solutions.

Grizindarzs by RA Invest

RA Invest is transforming the 23,500 sqm “Grizindarzs” site, formerly “Rigas aditajs” factory, into a multifunctional workspace and cultural center. Designed by OAD, the project features sustainable design, rooftop terraces, gardens, and creates a green oasis in the city center. Total investment is planned at EUR 15 million by 2027.

PALAZZO ITALIA by Baltic RE

PALAZZO ITALIA, a historic property in Riga acquired by BALTIC RE GROUP in 2021, is undergoing extensive revitalization led by Italian architect Adriano Castiglioni. Renovations, with an investment of over 4 MEUR, include modernizing the seven-storey building to achieve BREEAM "excellent" certification and near-zero energy consumption. The project, set for completion by Q3 2024, aims to provide 100% fully recycled energy.

SC SPICE Interior renovation

In 2023, Spice shopping centre underwent a EUR 9 million renovation, covering 7,565 square meters. The project integrated Latvian-made materials and sustainable solutions, enhancing both visitor and employee areas with new decorative elements and eco-friendly systems. Over two years, 28 new brands and 30 renovated stores have transformed the centre. Highlights include Latvia's largest Sportland store and Zara’s innovative concept store with RFID technology. Designed by Kalve architects and Nora Gavare, the renovation emphasizes durability, aesthetics, and well-being.

Elemental Business Centre

Elemental Business Centre by Kapitel is a Class A office building project with 33,500 m² gross area and 21,000 m² leasable area. Kapitel, with over 25 years of experience, has developed this BREEAM Outstanding and NZEB certified center featuring 40 electric car spaces, 240 geothermal energy piles, and advanced building management systems. Investments include EUR 400,000 in energy piles and around EUR 5 million for BREEAM certification, reducing heating costs by 50%.

NORDO Dreilini Logistics Park

NORDO Dreilini Logistics Park, one of the largest in Riga, includes six buildings totalling almost 90,000 sqm, with constructions dating from 2007 to 2018. Managed by SG Capital Partners AIFP, a Baltic commercial real estate investment manager focused on sustainability, the park features a 3.5 ha solar park with 2,160 panels, covering 100% of its electricity needs. The premises are BREEAM IN-USE certified, indicating environmentally friendly and energy-efficient facilities, reaching a certification level of "GOOD." The total investment in the solar panel park is 1.6 million EUR, ensuring sustainable and cost-effective energy consumption for the logistics and production businesses operating within the park.