RĪGA CENTRAL MARKET ADVANCES WITH €22 MILLION DEVELOPMENT PLAN
Rīga has given the green light to a long-term development plan for its Central Market, with investments of more than €22 million proposed. The plan covers the restoration of historic market pavilions, infrastructure upgrades and improvements to the surrounding market grounds. It is intended to guide the future development of one of the capital’s most significant public spaces.
Source: Riga City Council
PROJECTS
HISTORIC VILLA TO BE RESTORED IN ĀGENSKALNS
A historic villa built in 1936 as the private residence of pastor Ernests Voldemārs Stange is set to be restored as part of a €5 million development project. The building has retained its original layout and façade. The project also includes a new three-storey residential building with 28 apartments. Completion is planned for summer 2027.
Source: KIVI Real Estate
PROJECTS
MØLLER AUTO PROPERTIES PUT UP FOR SALE
A portfolio of three automotive properties in Rīga and Mārupe has been put up for sale. The properties cover a combined area of more than 15,000 m². Following the sale, Møller Auto Latvia will continue operating at all three locations under lease agreements.
Source: Colliers
NEWS
RĪGA PLANS CHANGES TO DOG OWNERSHIP FEES AND LEASH RULES
Rīga is proposing changes to its dog ownership regulations, including the removal of the annual dog ownership fee. The amendments would also introduce stricter requirements for keeping dogs on leashes in public spaces outside designated dog-walking areas. The changes still require approval from Riga City Council.
Source: Riga City Council
LEGISLATION AND LAWS
UXDA SELECTS PRESES NAMA KVARTĀLS FOR ITS NEW OFFICE
Digital experience design company UXDA has selected the Class A office building at Preses Nama Kvartāls for its new headquarters. Designed by Danish studio ARROW Architects in collaboration with ARHIS Arhitekti, the building features distinctive 24-metre structural spans. These allow for flexible, column-free office spaces.
Source: Preses Nama Kvartāls
NEWS
PATRIA BEGINS CONSTRUCTION OF NEW €8 MILLION FACILITY IN VALMIERA
Construction has begun on a new €8 million Patria production facility at Valmiera’s Industrial and Export Park. The facility will expand production capacity for Patria 6×6 armoured vehicles and support Latvia’s Mednieks infantry fighting vehicle programme.
Source: Valmiera Municipality
NEWS
RĪGA PLANS TO REPLACE AROUND 31,000 STREETLIGHTS
Rīga is preparing a large-scale modernisation of its street lighting infrastructure, with plans to replace approximately 31,000 streetlights with modern LED technology. Procurement is expected to begin in 2027, followed by installation work from 2028. The project is estimated to cost more than €10 million.
Source: Riga City Council
URBAN DEVELOPMENT
LIDL’S INVESTMENT IN LATVIA EXCEEDS €420 MILLION
Five years after entering the Latvian market, Lidl reports investments exceeding €420 million in its retail network and logistics infrastructure. The investments include a 51,000 m² distribution centre in Rīga. The retailer now operates 39 stores across 16 Latvian cities and plans to continue expanding.
Source: Lidl Latvia
PROJECTS
LITHUANIA INTRODUCES 50% DISCOUNTS ON TRAIN TICKETS
Lithuania is introducing a temporary 50% discount on train tickets from October 9 until the end of 2026. The measure comes in response to rising fuel prices. Similar discounts for long-distance bus services have also been proposed.
Source: LRT
TRANSPORT & INFRASTRUCTURE
ESTATEGURU APPOINTS INDRA KIMMELE TO LEAD INVESTOR RELATIONS IN LATVIA
Estateguru has appointed Indra Kimmele as its new Head of Investor Relations in Latvia. Kimmele brings 25 years of experience in private banking and wealth management, having previously worked at Swedbank, Nordea and Luminor. She will lead investor relations as the platform expands in Latvia, where it has financed nearly 600 projects.
Source: Estateguru
NEWS
