“Merks” will build the modern business centre “Verde” in Riga


The construction company “Merks” has entered into a contract with SIA Hanzas 14, owned by Capitalica Baltic Real Estate Fund I, for the construction of business complex Verde at Roberta Hirša street 1, Riga. The area of Verde business centre, including the underground parking lot, will comprise 45 thousand square meters, and is to become one of the largest business centres in the capital of Latvia. 

“The international construction procurement procedure we announced in the beginning of the year received ample attention of the construction market participants. The tenderers were subject to very high qualitative requirements. All tenders were carefully evaluated, as mandated by the unique architectural, technical and engineering solutions of the business centre. We believe that having chosen SIA “Merks”, a company holding extensive experience in construction of exclusive buildings, the implementation of the project will proceed smoothly and adequately,” said Andrius Barštys, CEO at Capitalica Asset Management, responsible for development of Verde project.

“The current offers of the top-class business centres in Riga are not abundant. Therefore, we consider the opportunity to participate in implementation of this grand project to be the highest appreciation of our competences and experience. The vision of our company is reliable solutions and high-quality implementation of ideas, which will be fulfilled during construction of this unique and sustainable Verde business complex. We will start the preparatory work in the near future,” stated Andris Bišmeistars, Board Member and Construction Director of Merks.

The construction of Verde centre will commence in July this year. The works of the first stage include construction of an office building and an underground parking lot with the total area of 29.5 thousand square metres. The contract value is more than EUR 31 million, plus value added tax. It is expected to complete the works of the first stage in the first quarter of 2022. The start of the construction of the second stage will be decided within 12 months from the date of signing the contract. The second stage includes an office building with the total area of 15.6 thousand square metres. The contract value is more than EUR 17 million, plus value added tax. The entire complex should be ready by 2023.

Verde, the A class complex comprising two business centres, will be situated in the centre of Riga on the land plot with an area of 1.3 ha, in the up and coming Skanste district. The heritage requirements for the new construction building, specifically of the height and area of development, are particularly stringent. The new complex of business centre has been designed and will be built in compliance with these requirements while combining modern architectural solutions, energy sustainability and engineering innovation.

BREEAM Excellent sustainability rating during engineering stage

Already at the early stage, Verde received recognition of the specialists and its first sustainability certification – the two-building complex received BREEAM Excellent quality mark during the engineering stage. The best assessment was granted in the categories of ecology and land use, water management, communications and waste management.

Unique character and innovative engineering solutions

The design of Verde complex was closely focused on the factors ensuring occupational health and well-being of employees: lighting, ventilation, heating and efficient green energy consumption. The buildings will feature the geothermal heating and silent ventilation system, and ensure maximum amount of daylight for each workplace. Verde tenants will be able to modify the inner space of the buildings to adapt them to their individual needs. Wide green terraces will be provided on the fifth floor of each building.

Verde will feature the innovative engineering systems: suspended floors and modern chilled beam system designed for ventilation. The project will use the renewable energy sources that meet the high requirements applicable to modern buildings and nearly zero-energy building (NZEB) standard.

This business centre was designed by the famous Latvian architect Andris Kronbergs, its engineering project was prepared by Arhis Arhitekti company.