Prime Residential Development Opportunity in Central Riga

We are pleased to present an opportunity to participate in one of the most compelling residential development projects in Central Riga — a rare combination of existing income-generating assets and significant value-add development potential.

The property is strategically located on Ģertrūdes Street, within one of Riga’s fastest-growing urban districts. The site benefits from its proximity to several landmark developments, including Novira Plaza, the future Lāčplēša Square redevelopment, and the Fabrika project. Together, these investments are transforming the area into one of Riga’s most dynamic business and residential hubs.

Project Highlights
Land plot area: 2,043 m²
Development concept and preliminary design documentation in place
Planned Gross Building Area (GBA): approximately 5,100 m²
Estimated Net Saleable Area (NSA): approximately 4,250 m²
Planned residential development comprising approximately 170 apartments
Investment Rationale

The project is designed around compact, efficient, and highly marketable residential units — a segment that continues to demonstrate strong demand in both the owner-occupier and rental markets.

Its central location, excellent connectivity, and competitive unit mix position the development to benefit from the growing demand for modern urban housing in Riga’s city centre.

The project offers a clear development strategy, attractive market fundamentals, and the potential to deliver strong risk-adjusted returns for investors.

Development Timeline
Design completion and building permit approval: October 2026
Construction commencement: December 2026
Project completion and commissioning: June 2028
Key Advantages
Prime central Riga location within a rapidly transforming district
Strong residential demand fundamentals
Established surrounding infrastructure and amenities
Efficient apartment configuration targeting the broadest buyer and tenant base
Clear development roadmap and defined execution timeline
Attractive value creation potential through development

This opportunity offers investors exposure to one of Riga’s most promising emerging residential locations, with the potential to capitalize on both ongoing urban regeneration and long-term housing demand.