The "Verde" office complex is now 90% leased; among the latest tenants is "Roche Services & Solutions."
The level of leased office and additional service space in Riga's greenest office complex, "Verde," has surpassed 90%, exceeding the forecast set for 2023. This achievement is attributed to recent agreements with four companies – biotechnology company "Roche Services & Solutions" (RSS), credit risk management company "IGK AG," cloud service company "Also Cloud," and dermatology clinic "Vividerm." Both strategic development processes of the complex – the leasing of remaining spaces and the completion of construction for the second (B) building – are progressing hand in hand and will be completed by spring 2024.
Iveta Lāce, Commercial Director of "Verde" and Board Member: "The 90% occupancy of our leased office space is not only an excellent indicator for the industry but also a testament to the demand for our product even before its completion. Our agreements with new tenants are a great confirmation of this. Such leasing progress not only signifies the attractiveness of both 'Verde' buildings but is also a positive signal for the developer, 'Capitalica Asset Management,' to invest in sustainable projects in future in Latvia."
The new tenants are a significant addition to the community of "Verde", enhancing the diversity of existing business sectors. The international biotechnology company "Roche Services & Solutions," whose relocation to "Verde" has been reported in the media earlier, plans to establish an office on the 3rd floor of the B building, covering an area of 1,531 square meters. The credit risk management company "IGK AG" will contribute to the diversity of financial sector tenants, with its office located on the 1st floor of the first building. Additionally, the cloud technology company "Also Cloud" will expand the IT tenant portfolio with its office spanning 358 square meters on the 5th floor of the first building.
Galina Seržante, CEO of "IGK AG”: "At 'IGK AG,' we assist our clients, primarily international companies and financial service providers, in mitigating risks related to non-payment for their delivered goods or services. We mainly work with clients from the Baltic states, Eastern Europe, Central Asia, the Middle East, China, and Turkey. We are delighted that soon our office will be situated in the sustainable 'Verde' complex, which we chose for its excellent location, stylish buildings, and alignment with our 'green' values."
Jan Bogdanovič, Chief Technology Officer at "Also Cloud”: "Considering that 'Also Cloud' is the largest developer and operator of a Cloud Marketplace platform in Europe, it is crucial for us to provide the best working conditions for our employees. Therefore, we chose to establish our office in Riga's premier business center – 'Verde' – to motivate our team to return to in-person work. The new design of 'Also Cloud' office will combine high-tech and natural contrasts, creating a start-up atmosphere and inspiring ideas about a circular economy and sustainability."
Currently, only 10% of the office space in the "Verde" office complex is available for lease, suitable for progressive and sustainability-focused companies. In the first building (A), potential tenants can choose between available spaces on the 3rd and 5th floors. In the B building, an office on the 10th floor with an exclusive view of the city is available.
The progress of construction for the second (B) building, or the second phase, is following the plan set by the general contractor - "Capitalica Industries." The final stage of construction will commence shortly. Currently, underground parking, construction works for floors 0 and -1, and the demolition of the building have been completed. The creation of green areas and stairs on the Hanzas Street side is finished, with landscaping scheduled for spring. Active work is ongoing for the build-out and furnishing of tenant offices, as well as painting and tiling in common areas.