Commercial Real Estate Developer & Operator
Welcome to Riga Norge, we aim to optimize return on investments through implementation of effective long term strategies for each asset. Riga Norge is operating and developing shopping centers in Latvia.
About us
Riga Norge is a company whose success is based on a professional team with significant experience in the development and management of shopping centers.
The team consists of industry specialists who have participated in the development of many leading shopping centers in Latvia, including Alfa I and II rounds (60,000 m²), Origo, Centrs Department Store (now Galerija Centrs, 15,000 m²), Olimpia (25,000 m²), Mols (35,000 m²), Dole (11,000 m²), Damme (16,800 m²), Gaiļezers (12,400 m²), Dauga (8,500 m²), Valleta (13,000 m²), Liiba (9,300 m²), A7 (5,200 m²).
This experience ensures a reliable and high-quality approach to all of the company's projects.
Riga Norge offers a comprehensive range of services, from strategic development planning and financing to the acquisition, design and construction of the object.
We ensure the attraction of tenants to the facilities and their daily management and sale. The wide range of services demonstrates our professionalism and ability to effectively manage all aspects of the project. This commitment and experience helps achieve the highest standards in the industry and promote the development of shopping centers in Latvia.
Riga Norge offers a comprehensive range of services, from strategic development planning and financing to the acquisition, design and construction of the object
Range of services for investors or clients with existing assets:
In the process of strategic development planning and attracting financing, we conduct thorough due diligence on acquisition objects and companies to assess potential risks and potential. We analyze both existing and new objects, developing development plans with specific goals and directions. We ensure the establishment, registration and reorganization of companies, as well as actively cooperate with banks and financial institutions to attract the necessary financing. By preparing return calculations for development objects, we ensure an effective and convincing presentation to investors and financial partners. We carefully manage and monitor the purchase and sale processes to ensure the successful completion of transactions and a favorable outcome.
We provide management and coordination of the full cycle of the sales process, from strategic planning and in-depth research (Due Diligence) to the successful conclusion of the transaction. We perform object analysis and return calculations, helping to make strategic decisions. We work with banks to ensure an optimal sales process. We manage the process, guaranteeing transaction transparency and efficiency, as well as ensuring legal and financial security at all stages of the transaction.
We provide full-cycle tenant attraction and leasing process management, creating an optimal tenant mix and promoting long-term property value growth. We attract new tenants, manage tenant turnover and work to improve the efficiency of existing tenants. We participate in the preparation and conclusion of lease agreements, ensuring mutually beneficial conditions and stable cooperation. We resolve daily issues with tenants, ensuring successful and sustainable cooperation between all parties involved. We develop a leasing and marketing budget to maximize the property’s return and promote its attractiveness in the market. Our goal is to ensure an efficient and profitable leasing process that meets the interests of both owners and tenants.
We provide facility management and technical administration, focusing on cost optimization and efficient resource management. We conduct price surveys and evaluations of suppliers/service providers to ensure high-quality and advantageous services. We monitor facility costs, record utility costs and allocate them to tenants. We ensure the preparation of the facility’s energy balance and submit it to the appropriate institutions, as well as develop a detailed facility cost budget to ensure sustainable and cost-effective facility management.
We ensure the coordination of construction and renovation works, from strategic research and development plans to successful project implementation. We participate in the design and construction processes, monitoring the execution and quality of the works. We prepare and evaluate construction contracts, ensuring legal and financial security. We attract financing and work with banks to ensure optimal investment solutions. We help to effectively implement development projects, guaranteeing a successful and sustainable result.
We provide a full range of financial management and accounting services to ensure that the company operates efficiently and in accordance with the laws and regulations. We perform invoicing, bookkeeping, and preparation and submission of tax returns. We monitor receivables, ensure communication with state and local authorities, prepare annual reports and financial statements for owners, investors, and banks. We perform financial analysis and tax planning to optimize costs and ensure the sustainability of the company. We provide development and implementation of AML documentation, as well as develop budgets and evaluate financing options, ensuring the financial stability of the company.
We ensure the coordination of marketing activities, helping to find and attract the most suitable marketing agencies for effective cooperation. We monitor and organize their activities to ensure the successful development and implementation of individual campaigns. We monitor the progress of processes and promote the implementation of targeted strategies, ensuring maximum results and compliance with the company’s development goals.
We provide legal services at all stages of business, from the preparation of contracts and legal support in their conclusion to the registration of entries and marks in the relevant public registers. We perform in-depth research of acquisition objects and companies (Due Diligence), as well as management of mergers and acquisitions (M&A) processes. We provide legal supervision of construction cases, evaluation of credit agreements and related documents, as well as analysis of insurance policies. We offer evaluation and optimization of the company structure, as well as representation in state and local government institutions, ensuring legal security and compliance of operations with regulatory enactments.
Our team
KRISTINA ATVARE
Lawyer, Board member
kristina@riganorge.lv
+371 29279729
Our projects
Restaurant "MCDONALDS"
Building GLA – 432.60 m2
Address – “Mazās Dzutas”, Kekavas county
Full scope services from RIGA NORGE
DIY Store "KURŠI"
Building GLA – 3 124.20 m2
Address – “Dzutas”, Kekavas county
Full scope services from RIGA NORGE
Shop "LIDL"
Building GLA – 2 352 m2
Address – “Dzutas”, Kekavas county
Full scope services from RIGA NORGE
Shopping center "TĀLAVA"
Building GLA – 3 960 m2
Anchor tenant – MAXIMA
Address – Andreja Saharova street 21, Riga
Purchased: Year 2025
Planed project ROE: 20%
Full scope services from RIGA NORGE -from year 2025
Shopping center "KALNCIEMA 41"
Building GLA – 1312 m2
Anchor tenant – RIMI
Address – Kalncema street 41, Riga
- Purchased: Year 2025
- Planed project ROE: 20%
Full scope services from RIGA NORGE - from year 2025
Shopping center "BIĶERNIEKU 21"
Building GLA – 956 m2
Anchor tenant – RIMI
Address – Biķernieku street 21, Riga
- Purchased: Year 2025
Planed project ROE: 20%
Full scope services from RIGA NORGE -from year 2025
“Our experience with Riga Norge has been exceptional. Throughout our collaboration, they have consistently demonstrated professionalism in project execution and delivered solid returns for investors. Additionally, their commitment to full transparency through monthly reports and regular project updates has been invaluable, ensuring we stay well-informed about our investments. For those considering investing, I highly recommend Riga Norge as a trusted partner for generating stable returns and gaining comprehensive insights into each project.”
Mikus Freimanis
Investor, investor representativ
ADSELL, SIA, ASSET ONE, SIA, ASSET TWO, SIA
Reviews
Here’s what our clients have to say about their experience with us:
"We have been collaborating closely with RigaNorge over a number of years and RigaNorge has always handled the projects in a professional manner in all respects and also delivered excellent returns for the investors"
Joakim Blanking
Partner
New Agenda Partners AS
"RigaNorge has consistently demonstrated a high level of professionalism and dedication in all of our collaborations over the years. Their approach to project management is thorough and reliable, ensuring smooth execution from start to finish. Investors can confidently expect strong returns, as RigaNorge prioritizes delivering excellent financial outcomes. I highly recommend RigaNorge as a trusted partner for anyone seeking a reputable company dedicated to quality development and solid investment performance."
Janis Zaldenieks
Investor
Nord Project, SIA, NORTHPROJECT, SIA
"Riga Norge has been a valued and trusted partner in our business endeavors for many years. Together, we've completed numerous successful projects. Their team stands out for its professionalism, attention to detail and excellent communication. Working with Riga Norge is both effective and enjoyable. We’re confident that our partnership will continue to grow through future joint initiatives."
Aleksejs Paskovskis
Realestate broker
SILVERFOX
Contact us
Want to get in touch? Feel free to reach out using the inquiry box or contact information below. We look forward to hearing from you.
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