Project developer Lords LB Special Fund V an ace UPB signed a contract for the construction of the 1st phase of the Press House quarter. Under the agreement, it is planned to build a modern Class A office building and a multifunctional center with trade and catering premises, green terraces and the first football pitch on the roof in the Baltics.
The construction costs of the first phase are estimated at 76.8 million euros.
The new Press House quarter will be located on the Riga Knowledge Mile in Pārdaugava, in the territory of the former publishing house Press House in Balasta dambis 2. In addition to the office and multifunctional center buildings, the project also envisages large green areas and recreation areas. The construction works are expected to be completed within 24 months after receiving the building permit.
In the first phase of the project, 25,000 m2 are intended for Class A offices and 40,000 m2 for the creation of multifunctional premises (commercial premises, 1,000 above-ground parking lots and various recreation areas).
“This is a very important moment for the team of the Press House quarter. Together we have done an excellent job, so we did not doubt that the construction of the quarter should be entrusted to a company with an impeccable professional reputation. we have agreed directly with UPB, which can be proud of the implementation of several excellent world-class construction projects. As a result, it will become one of the most modern and environmentally friendly business districts in Riga, “comments Giedrius Bernotas, Lords LB Special Fund V a representative of the fund.
“UPB has strong competence in the construction of technologically complex buildings in Latvia and abroad, and the developer evaluates it as a guarantee of safety and stability for the implementation of this project. The Press House quarter will allow us to prove our in-depth knowledge and experience accumulated over 30 years, especially in the implementation of full-cycle projects, construction of high-rise buildings and other areas. UPB The advantage in the implementation of such large-scale projects is also the internal capacity of our group of companies – from design to production, delivery, assembly and service of building structures, “comments UPB Member of the Board Uģis Grīnbergs.
In the Press House quarter, special attention will be paid to energy efficiency, selection of environmentally friendly materials, environmental accessibility, creation of a healthy work environment and sustainable management. In addition to the Class A office space, which will meet the BREEAM certificate Excellent standard and will provide workplaces for around 2,500 people, there will also be common areas, a dining area, shops, bicycle sheds, 1,000 parking spaces, electric car charging stations, walking areas and green terraces.
“We are pleased that with the signing of this construction contract, the practical implementation of one of the great urban planning ideas of the city of Riga – opposite the historical center of Riga and the Old Town on the left bank of the Daugava – will continue. cultural, business and residential as well as public functions.
Its development and implementation has already begun. Complexes of the University of Latvia, Riga Technical University, RISEBA University, Riga Stradins University are being formed, the National Library has been built and it is hoped that other cultural objects of national significance will appear in this area, such as the National Concert Hall and others.
I would like to emphasize and express my satisfaction that thanks to the great work, understanding, goals and ideals of the client, working together in a great international team of architects and engineers, we have managed to develop and maintain ideas that were and are embedded in the development concept of this area. Some of the most important of these are multifunctionality, intensive development of public outdoor space, promotion of waterfront and waterfront use, urban integrity and involvement. I hope and believe that with the implementation of the first development phase of the project and especially with the next development phase and the development of adjacent territories, Kipsala South End Business Center will become not only a sign for Riga’s development and dynamics, but also a popular and actively used place. All the prerequisites for this are, “he said ARHIS ARCHITECT manager Andris Kronbergs.
The project of the Press House quarter has been developed by an international team of architects. ARHIS ARCHITECT from Latvia, under the direction of architect Andris Kronbergs, KSP Jürgen Engel Architects from Germany as well Arrow Architects from Denmark.
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