Innovative Versum Business Hub in Riga Begins Second Construction Phase

Versum business hub in Riga, known for its smart and eco-friendly stock-office spaces, has started a new construction phase. The timely completion of the first phase and high tenant interest suggest a promising future for the upcoming third building.

Efficient three-in-one business spaces

Developed by Estmak Capital, Versum business centre focuses on stock-office spaces combining showroom, office and warehouse in one location. The project, soon receiving a BREEAM certification, meets all the A-class energy standards – eco-friendly materials, modern heat recovery ventilation systems, rooftop solar panels, numerous electric vehicle charging stations and many more.

Construction and booking of the third building

One of the two recently completed buildings is already mostly booked. Estmak Capital’s manager, Tatjana Arhipova, commented on the expectations for the third building, started in the wake of successful tenancy.

“The high occupancy and tenant satisfaction are great endorsements for us. There’s already significant interest in the third building, as many companies in Riga are looking to consolidate their scattered departments. Versum is a perfect fit for this need,” Arhipova said.

Versum offers easily adjustable solutions in both constructional and organizational terms. “During the booking process we will find the right spaces for each company and arrange them in the most suitable way,” Arhipova added.

Showroom, office and warehouse under one roof

The new building’s three-in-one solution helps companies streamline operations, saving on rental, administrative and logistics costs, providing a clearer overview of work processes and improving internal corporate culture.

Versum’s spaces come in various sizes and each tenant can have a say in the division, layout and other features. For example, in a company’s growth phase it is easy to increase office space at the expense of the showroom and vice versa.

Flexibility extends further. Each company can decide their kitchen’s location and the warehouse’s temperature can be cooled down for even storing medical products. Each space also includes its own restroom and shower.

With the completion of the third building a green courtyard will form between the Versum buildings, with park benches, bicycle parking and numerous electric vehicle charging points. Customers can park in front of the showroom and drive directly to the warehouse.

Located near major roads and public transport connections, Versum gives its tenants an opportunity to stand out with their large company logo on the building’s facade.

Ready Next Year

The construction of Versum’s third building is in full swing. To meet deadlines and ensure the highest standards, the project management and quality control are handed to BLV Advisory Group. With the support of their experience and expertise the 3735 m² expected to be completed in the first quarter of 2025. The entire Versum business hub, including four additional buildings, will be completed in the nearest future. 

Media coverage:

News Agency LETA | Dienas Bizness | Archidea | Buvinzenierusavieniba | Varianti | DELFI | Nozare