The former radio technics producing factory VEF is on sale. Site is located on the city central street. This is an ideal option for the reconstruction of factory into shopping centre, hotel or office centre.

Land plot is 8862 m2, rooms – 14000 m2, building permission for dwelling. There are 203 parking spaces.


Additional information

Land plot of 8862 m2 and 2-3 level buildings with total size of 6000 m2, built in 1925-1930.
There’s permit for demolition or reconstruction of those buildings. Nowadays it is used as gym and swimming pool. The site is located in central Riga in 5 minutes walk from historical centre.

There are public transport stops, hotel, bank, offices, shops and other commercial sites nearby.
Given plot is located in the zone of adjacent building of up to 6-level buildings. There’s permission for the building of hotels, offices, shops and etc. The company offering this site has developed the project for the construction of 3 6-level buildings and obtained appropriate rights from local authorities. After the detailed project development the right for the construction will be given.

The developed project presumes the building of luxury apartments with total square of 13290 m2.

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