“The financing received from “BluOr Bank” is a transaction between two leading players successfully leading their industry segment, which I hope will become the first step in a long-term cooperation. The current real estate market is characterized by intensified competition, which requires a professional approach, a clear vision and financial discipline. We are glad that tenants of commercial spaces in Latvia are increasingly appreciating sustainability solutions of renovated buildings, as well as the charm, aesthetics, and functionality of historic and renovated buildings,” says the founder and CEO of “Baltic RE Group” Giovanni dalla Zonca (look the images).
The company plans to complete the redevelopment of the area in the office complex Citadeles 9a, located near Kronvalda Park, within the next few months. The three-story building in the very heart of the city, on the edge of the Riga Canal, will offer spacious functional office space with an area of 1,539.9 m2, and will be surrounded by a garden with more than 100 flowering fruit trees.
Renovation works have also begun actively in the historic, six-story building designed by architect Janis Fridrihs Baumanis and built in 1881 at Krišjāņa Barona Street 2, which is being carried out in collaboration with the Italian architect Adriano Castiglioni. The renovation of the building is proceeding in accordance with both the guidelines for the preservation of the historical heritage and the principles of environmental sustainability. After the implementation of the project, the building will offer top quality commercial spaces of more than 4,000 m2.
As the results of “Baltic RE Group” show, a fundamental issue for tenants in the segment of commercial premises in the current market is not only the functionality and price of the premises, but also the energy efficiency and sustainability indicators of the building. Thus, all the ongoing projects of the Group are in process of obtaining a high rankin in the international “green” certifications, and only renewable energy is currently used in all buildings managed by “Baltic RE Group”.
The company “Baltic RE Group” has been operating in Latvia since 2008 and specializes in the purchase and management of high-value real estate. As one of the market leaders in the Baltic premium class property segment, “Baltic RE Grup” implements the highest environmental sustainability, finishing and quality solutions in its buildings.
Among the renovated buildings of the company are properties in Old Town of Riga and in other districts of the historical center of the city. Currently, the real estate portfolio of the company group includes buildings at Citadeles 9a, General Radziņa krastmala 15, Kalķu street 6, Krāmu street 2, Kr.Barona street 2, Raina Bulvaris 25, as well as the complex of buildings of the historical “Rīgas Melnais balzāms” and “Rīgas Raugs” factories at Pulkveža Brieža street 27. The renovated building of “Baltic Re Group”, a seven-storey building at Raina bulvāris 25, which currently houses the central office of the company “Printful Latvia”, has received several prestigious awards, including the “Būvindustrijas Lielā balva” award in the “architect of the year” category, as well as the international “BREEAM Excellent” certificate, which is used to determine the sustainability indicators of environmentally friendly buildings.