Though our real estate strategy is less than two years old, the results speak for themselves. Our first two case studies — both in Riga’s Old Town — show how smart upgrades and better operations can quickly raise property value and prepare for profitable sales.
Kaleju Street 18/20 — Historic Charm, Refined Value
At Kaleju Street, we executed renovation and interior fit-out of this boutique residential property. The project is commissioned and offers both short-term and long-term flats.
Please check out some of the listings.
As of June 2025, two independent valuations confirm the value uplift already achieved:
- Total investment: ~€3.55M (incl. €2.25M loan + €1.3M equity)
- Market value (range from two independent valuations): ~€5.0–5.1M | Forced sale value: ~€3.6M
These valuations confirm the project’s profitability and allow us to begin the next steps including planning of EXIT. Kaleju 18/20 illustrates how strategic refurbishment and tenant repositioning can transform a central Old Town property into a high-yield asset with multiple exit paths.
Pasta Street 6 — Scale and Efficiency in Compact Living
Located just steps from the city center, Pasta Street 6 is our flagship compact-living project — featuring 86 fully furnished, ready-to-rent apartments tailored for short-term stays. The project is already fully functional and money generating. Please check out some of the listings.
Valuations received in June 2025 highlight significant value creation:
- Total investment: ~€5.05M (incl. €3.0M loan + €2.05M equity)
- Market value (range from two independent valuations): ~€6.8–7.2M | Forced sale value: ~€5.0M
These valuations confirm the project’s profitability and allow us to begin the next steps including planning of EXIT. With its efficient layout and institutional-grade finish, Pasta 6 demonstrates the scalability and financial attractiveness of Riga’s compact rental segment.