Construction, Good for Business, Investments, Latvia, Real Estate
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Saturday, 20.04.2024, 05:32
Latvia: Building permit received for the start of construction of the 1st phase of “Preses Nams quarter”
The new Preses Nams quarter will be
located in the Knowledge Mile district in Pārdaugava, in the territory of the
former printing house Preses Nams. It
envisages the creation of an innovative business centre with a Class A office
building and a high-quality public outdoor space, where, as a priority,
green and recreation areas for
pedestrians and cyclists will be created. The existing high-rise building Preses Nams will be reconstructed into a
4-star IHG hotel, while a multifunctional centre with retail space, a dining
area and a multi-storey car park for the convenience of users will be built in
the partially dismantled existing printing building, as well as a unique football
area on the roof of the building, in the technical development of which the
Latvian Football Federation also participated.
In the
first phase of the project, 25 000 m2 will be allocated for the
construction of Class A offices, 7 000 m2 for retail premises, 40 000
m2 for multifunctional premises, and a Holiday Inn hotel with 307 rooms will be constructed in the former Preses Nams building.
Aivaras Abromavičius, Chairman of the Supervisory Board
of JSC PN Project: “It is a pleasure
that we are approaching the construction phase of the project, a really great
deal of work has been done to make it one of the most modern and innovative
business centres in Riga. We are currently following the emergency situation in
Latvia and in the world in terms of COVID-19, so we are not in a hurry to
announce the exact dates of the commencement of construction works, but on our
part, we are doing everything we can to ensure that the works are not delayed.
We currently anticipate that phase one of the construction will be completed in
the summer of 2022.”
The project
pays special attention to energy efficiency, the choice of environmentally
friendly materials, environmental accessibility, the creation of a healthy
working environment and sustainable management. In addition to high-class
offices that will meet the Excellent standard
of the BREEAM certificate and co-working spaces for a total of 2 500 people,
there will also be several catering establishments, shops, conference rooms, as
well as 200 bicycle parking spots, more than 970 parking spaces, 27 electric
car charging stations, walking areas and terraces with greenery.
The author
of the concept of the construction of the former Preses Nams territory is the architect Andris Kronbergs and SIA ARHIS
Arhitekti: “It is particularly gratifying that the ideas and solutions
envisaged in the project have been “cleared” through all the phases of the
process, and that support and a legitimate right to implement them has been
received. I am especially pleased that the plans concerning public outdoor
areas (around the buildings and on the buildings) have been understood and
supported by all those involved and responsible. Now we just have to implement
it, and I believe that the site will soon be an attractive, popular, actively
used and loved part of the Riga city centre.”
The project
developer is the investment fund Lords LB
Special Fund V. The project implementer is a subsidiary of the fund in
Latvia - JSC PN Project.
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