Real estate company Sirin Development expanded its sites and activity in Latvia

One of the largest industrial and commercial real estate companies in the Baltic States - SIRIN DEVELOPMENT, has successfully concluded land purchases in Maskavas street (Riga) and expanded its sites and activity in Latvia. The Lithuania based company’s portfolio includes more than 300 thousand square meters developed real estate in Lithuania, Latvia and Russia. The company's business is development and management of industrial and commercial real estate. SIRIN Development is rapidly expanding to Baltic States, Russia and CEE markets and planning to invest up to 100M EUR within next two years into industrial and commercial real estate development projects of which more than 20M EUR is planned to invest in Latvia.

The company has enlarged its portfolio in Latvia with land plots in Maskavas street suitable for industrial and logistics sectors and is actively looking to develop more industrial parks as well as offices in Riga center or its proximity. Next year company is planning to start building 1st stage of SIRIN Industrial Park in total amount of 20.000 sq. m. of leasable warehouse premises at Maskavas street / Rumbula.

With the support of the Investment and Development Agency of Latvia, the investments of SIRIN DEVELOPMENT are seen as a significant contribution to the export growth of the services sector in Latvia. The new investments will strengthen Latvia's competitiveness in the region.