Riga, Latvia, 2022-05-12 08:16 CEST -- Workland, a leading provider of flexible office space solutions, is expanding its network in the Baltics and reaches an agreement with Riga's greenest office complex Verde on long-term cooperation, becoming its fourth anchor tenant. As a result, it is planned to open an environmentally friendly coworking center Workland Verde in the Latvian capital city this autumn, investing over EUR 1 million. The new Workland center will be 1420 m2 large - it will occupy the whole second floor of the Verde A building, which will be turned into an inspiring and functional coworking space. It will house private offices of various sizes, coworking and open areas, as well as meeting rooms, thus providing a wide variety of space lease solutions for people preferring various kinds of working styles and valuing the sense of community and a flexible environment. There will be room for around 180 people at the center. "For some time already, we have been planning to expand our network of flexible office spaces in Riga, When the opportunity arose to set up a coworking center in the environmentally friendliest office building Verde, we saw consistency with our values regarding sustainability and a people-oriented working environment, so we decided to act," Workland founder and CEO Indrek Hääl said, commenting on the choice of location. In 2022 Workland plans 40 percent growth in the Baltic market, providing over 7000 m2 of office space for lease on flexible terms. Altogether, 750 workstations will be set up in the three countries. Iveta Lace, Verde Commercial Director, says: "While planning the range of the Verde complex's additional services, we knew from the start that there must be coworking opportunities here. We are therefore glad that Workland, one of the industry's leaders in the Baltics, will be providing this service here. Experience shows that a lease of coworking space at this center is a good launch pad for startups, small or bigger corporates that later grow larger rapidly. Swiss telecommunications and software developer Swisscom is a great example of this - as it started operations in Latvia, it leased workspaces at the Workland Telegraph center in Riga Old City, but has now become our anchor tenant. We hope that this success story will motivate young entrepreneurs to work at the newly created coworking center, and who knows - perhaps in some time we will sit down for talks to seek more spacious premises for them at the Verde complex". Hybrid work is becoming the dominant style in many companies, which is why the Workland Verde center will be developed so that it could easily ensure the adjustability of premises depending on changes in the tenants' team or its needs. It will introduce the most advanced and environmentally friendly coworking office concept in Riga, designed by Lauder Architects. Igor Beloborodov, Workland COO: "When choosing new projects it is becoming more important for us to focus on sustainability - when seeking new development options, energy efficiency and sustainable solutions are the key factors. As the most environmentally friendly building in Riga, the Verde office complex was a project consistent with our values and plans. We are therefore inviting entrepreneurs looking to work and develop their business in a green, environmentally friendly environment, to apply for booking coworking offices at the Workland Verde." At the new Workland Verde coworking center, it will be possible to rent several smaller offices, ensuring privacy for teams of various sizes. In all offices, big and small, there will be plenty of light, unique interior solutions and up-to-date design. "In addition to the Workland premises, all our tenants will be able to also use the Verde building's amenities including additional services, a large terrace on the 5th floor where it will be possible to work as it will have outdoor workspaces, as well as to take a break from work, enjoying a fantastic view of the capital city's center," comments Agnese Pidrika, Workland centers manager in Latvia. As reported, Verde is the first project developed by Capitalica Asset Management in Latvia, with investments in the project exceeding EUR 65 million. Verde is being built under the leadership of Notus Developers, a subsidiary of SBA Group. The project's general contractor is LLC Velve, while Latvia's leading real estate agency Colliers is the exclusive lease partner. The office complex's tenants already include companies like Swisscom, Decta, KPMG Latvia, Swetch, Alppes Capital and Workland. About Verde Verde (www.verde.lv) will be the greenest A class office complex in Riga, at the Skanstes Quarter (1a R.Hirša Street), the place opposite the Latvian Fire Fighting Museum, and the only A-class office complex the first stage of which will be opened in June 2022. The "VERDE" office complex comprises two office buildings with a total leasable area of 30 000 m2 (total floor space with underground parking lots - 45 000 m2). The complex has been developed in line with BREAM Excellent and the nZEB (nearly Zero Energy Building) standards. The unique signature of Verde will be superb greenery on 600 m2 large terraces with threes and other plants in each building, as well as a green backyard. Verde was ranked among the most sustainable projects in the competition "Sustainability in Architecture, Construction and Design 2020". The "green thinking" of Verde is embodied in the sustainable and modern architectural solution by award-winning Latvian architects Andris Kronbergs and Janis Zvejnieks (Arhis Architects) and brought to life by A-class energy efficiency and smart building management solutions. About Capitalica Asset Management and SBA Group Capitalica Asset Management (www.capitalica.lt) is an investment management company licensed and supervised by Central bank of Lithuania which is managing investment funds investing in commercial real estate in the Baltic States. Capitalica Baltic Real Estate Fund, managed by Capitalica Asset Management, owns the office complex Verde in Riga, the business centre 135 in Vilnius, the business centre Kauno Dokas in Kaunas and the shopping centre Luize in Klaipeda. The controlling stake (70%) of Capitalica Asset Management is held by SBA Group, one of the largest Lithuanian business groups, and another 30% is owned by A. Barštys' (CEO of Capitalica Asset Management) company Fox Holdings. SBA is one of the largest Lithuanian capital business groups. It consists of more than 30 companies operating in real estate, furniture manufacturing, textile manufacturing and investment management. The group employs around 5,500 people. Consolidated sales in 2020 amounted to EUR 342.5 million. About Workland Group Workland Group is the largest network of coworking spaces in the Baltics with 13 centers, of which two - Telegraph and Verde - are located in Riga, five in Tallinn, five in Vilnius and one in Kaunas. BaltCap, the largest private capital investor in the Baltics, together with the company's founder and management is the key shareholder of Workland. For more information: Andrius Barštys CEO of Capitalica Asset Management Andrius.Barstys@capitalica.lt +370 612 30260
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