“Development of Building C is progressing faster than we expected, both in terms of construction and market demand. More than one-third of the premises have already been reserved, and interest continues to grow. This gives us clear grounds to accelerate the construction of Building D as well. We are also pleased to see our partnership with Rietumu Bank strengthening. The fact that the bank is financing Building D at such an early stage of the project is a significant vote of confidence,” says Andrius Barštys, CEO of Capitalica Asset Management.
According to Jelena Buraja, Chairwoman of the Board and CEO of Rietumu Bank, the bank is steadily increasing its business financing volumes while placing a strong focus on long-term partnerships with its clients.
“Verde is an excellent example of such cooperation. This financing reflects our confidence in the project, the developer’s professional approach and the stable demand for modern and sustainable office space in Riga. Verde is one of the city’s most modern business centres, and we are pleased to contribute to its continued development,” says J. Buraja.
Together with the EUR 17 million financing provided in June this year for the Sand Offices project in Vilnius, Rietumu Bank’s financing for Capitalica Asset Management projects across the Baltic region has now reached nearly EUR 70 million.