COLONEL’S HOUSE RENOVATION COMPLETED
River Properties has completed an €11 million renovation of a neoclassical building complex in Rīga’s Quiet Centre, creating 85 apartments and two commercial spaces. With 80% of apartments already reserved, Colonel’s House also won the public vote for Best Renovated Project at the BREL Forum Awards 2026.
Source: River Properties
PROJECTS
RĪGA 2050 TO SHAPE THE CITY’S FUTURE
The Rīga 2050 conference at Spīķeri Concert Hall will mark the start of work on the city’s sustainable development strategy through 2050 and its development programme for 2028–2034. Experts, policymakers and business leaders will discuss Rīga’s long-term priorities, economic growth and ways to improve the quality of urban life.
Source: Riga City Council
EVENTS PLANNED
NEW €10 MILLION RESIDENTIAL DEVELOPMENT IN PĀRDAUGAVA
Merito Partners and Landberg Latvija have launched AIRA, a €10 million residential project in Rīga’s Pārdaugava. The development will comprise 180 apartments across four six-storey buildings. The first two buildings are expected to be completed in the first half of 2028.
Source: Merito Partners
PROJECTS
LITHUANIAN RAILWAYS INTRODUCES ITS FIRST NEW STADLER TRAIN
Lithuanian Railways has introduced its first new Stadler train into passenger service on the Vilnius–Kaunas route. A total of 15 new electric and battery-powered trains will gradually replace older rolling stock, offering passengers improved comfort and accessibility.
Source: Lithuanian Railways
TRANSPORT & INFRASTRUCTURE
YIT COMPLETES ITS TALLEST RESIDENTIAL BUILDING IN RĪGA
YIT Latvija has completed Rubīns, its tallest residential building in Rīga. Located in Zolitūde, the 13-storey building contains 98 apartments with layouts ranging from two to four rooms. The building features solar panels, heat recovery systems and spacious balconies or terraces. Apartments on the upper floors offer panoramic views of the surrounding area.
Source: YIT Latvija
PROJECTS
LAUBE-DESIGNED VILLA SOLD FOR €6.8 MILLION IN JŪRMALA
A historic villa in Jūrmala, designed by renowned Latvian architect Eižens Laube, has been sold for €6.8 million. Built in 1928 as the summer residence of businessman Jānis Dāvis, the 1,221 m² property is now recognised as an architectural monument of national significance.
Source: Latvia Sotheby’s International Realty
NEWS
HISTORIC INDUSTRIAL BUILDING TO BE RENOVATED IN LIEPĀJA
A historic industrial building at Northside Business Park near Liepāja Port is set for renovation, supported by a €450,000 loan from RIB. The 828 m² property will be adapted for new commercial uses, contributing to the transformation of the former industrial area. Completion is scheduled for mid-2027.
Source: Northside Business Park
PROJECTS
VILNIUS PLANS TO PLANT NEARLY 1,000 TREES THIS AUTUMN
Vilnius is planning to plant nearly 1,000 trees this autumn as part of its efforts to expand urban greenery and improve public spaces. The initiative will contribute to a greener urban environment and support the development of more pleasant residential neighbourhoods.
Source: Vilnius City Municipality
URBAN DEVELOPMENT
ZASULAUKS BIRD-THEMED MURAL EXPANDED WITH AUDIO STORIES
The Bird Garden mural in Rīga’s Zasulauks neighbourhood, created by students of the Jaņa Rozentāla Art School, has been expanded with new illustrations and audio stories about Latvia’s bird species. Visitors can scan QR codes to learn about the birds’ habitats and behaviour, combining public art, nature and interactive education in the neighbourhood.
Source: Riga City Council
NEWS
REGUS TO OPEN FLEXIBLE WORKSPACES AT ORIGO ONE
International Workplace Group (IWG) is preparing to open a Regus flexible workspace centre at the A-class Origo One business centre in Rīga. The company will occupy 1,744 m² of office space and have access to a 417 m² shared terrace. The new centre will offer coworking areas, meeting rooms and private offices starting from 8 m², with flexible rental options for businesses of different sizes.
Source: Origo One
NEWS
