An Income-Generating Investment with Potential

Investment Opportunity in Riga – Office Complex with Established Rental Income and Growth Potential
We are pleased to offer for sale a Class B+ office complex with a total area of 8,661.10 m², strategically located in Riga, within the historic VEF factory grounds, adjacent to the Domina Shopping centre.
The office complex was developed through the reconstruction of a historic three-storey brick building of the former VEF factory, with two additional floors constructed above the original structure. The reconstruction was completed in 2007, and the building was commissioned in 2008. The property combines the distinctive character of industrial architecture with the functionality of modern office premises.
Key Investment Highlights:
•Total building area – 8,661.10 m²
•Total lettable area – 7,009.42 m²
•Area leased to the anchor tenant – 3,716.62 m²
•Anchor tenant's share – 53% of the total lettable area
•Number of floors – 5
•Office classification – B+
•Above-ground parking spaces – 52
Established Income Base and Growth Opportunities
One of the property's key investment advantages is its existing anchor tenant, occupying more than half of the total lettable area and providing a significant contribution to the property's rental income base.
Dedicated archive facilities have been purpose-built to meet the anchor tenant's specific operational requirements, featuring specially reinforced floor structures designed to accommodate increased loads. These improvements enhance the suitability of the premises for the tenant's specialised needs and represent an important advantage in supporting long-term leasing relationships.
The remaining premises offer opportunities to diversify the tenant mix, attract new occupiers and increase overall rental income. Flexible floor layouts allow the office spaces to be adapted to the requirements of businesses of various sizes.
Building Features and Technical Specifications:
•Extensively reconstructed building with functional office layouts
•Integrated ventilation, heating and air-conditioning systems
•Ceiling height – 2.7 m
•KONE elevators
•Convenient vehicle access and well-developed transport infrastructure
•52 above-ground parking spaces, with potential options for additional parking in the surrounding area
Strategic Location
The office complex is situated between two of Riga's major thoroughfares – Brīvības Street and Aleksandra Čaka Street – approximately 3 km from Riga Old Town.
The surrounding area is an established commercial district with well-developed infrastructure. The Domina Shoppingcentre is located nearby, public transport stops are approximately 150 metres from the building, and Zemitāni railway station is within easy reach.
The location provides convenient access by both private and public transport, making it attractive to a wide range of business occupiers.
Further information regarding lease agreements, rental income, cash flow and investment terms is available upon request.