Logistics Park SIRIN PARK MĀRUPE launches, more than €100M investments planned in Riga
SIRIN PARK MĀRUPE, a modern logistics park with 27,000 sqm of space, has opened its doors to tenants near Riga Airport. SIRIN Development, the leading logistics real estate developer in the Baltics, has invested EUR 20 million in the first phase of this project.
This year, the company will invest EUR 10 million in the second phase of the park, which will develop a further 16,000 sqm of warehouse space. The park at Grenču iela 5, offers a strategic location in Riga, near the A10 highway, providing easy access to the city center and Riga International Airport.
"We continue to invest in the Latvian market and continue our strategy to establish three logistics parks in each key city across the Baltics. Riga is a strategic city where we plan to actively expand, with investments reaching more than EUR 100 million over the next few years. We firmly believe that Latvia's economy will soon be back on the growth track, accompanied by a rising need for modern warehouse space", says Laurynas Kuzavas, CEO of SIRIN Development.
According to him, SIRIN PARK MĀRUPE stands out not only for its large, high-capacity warehouses with maximum floor load capabilities but also for its well-designed infrastructure tailored to meet the specific needs of logistics companies. "This ensures excellent accessibility to the warehouses and large maneuvering areas in front of them, ideal for heavy transport operations. As logistics real estate professionals, we have a deep understanding of the space and infrastructure requirements essential for efficient operations in the industry", says L. Kuzavas.
"12,000 sqm of warehouse space of SIRIN PARK MĀRUPE has already been leased, with ongoing negotiations for the remaining areas. Businesses are interested in exclusive location, cost-effectiveness and being part of a sustainable logistics ecosystem. Our aim is to offer companies operating in older warehouses the opportunity to relocate to a modern logistics park with 30% lower operating costs, environmentally friendly solutions and better conditions for employees. We are flexible to the needs of our customers, offering both large and small rental spaces", says L. Kuzavas.
SIRIN PARK MĀRUPE embodies the company’s vision of modern, sustainable logistics parks in prime locations, designed to meet future industry demands with a focus on workplace quality and genuine sustainability.
“Our goal is to design warehouses that align with the evolving needs of our clients over the next five years, ensuring they remain relevant and efficient in the long term. Our warehouses prioritize the growth and adaptability of our clients' businesses – we develop spacious, modern logistics parks with space specifically designed to accommodate tenant expansion", says L. Kuzavas.
SIRIN PARK MĀRUPE is A++ energy-efficient, sustainable warehouses include environmentally friendly solutions, such as renewable energy sources, water-saving features, efficient heating, LED lighting, BREEAM-standard sanitation, CO2 monitoring, and EV-friendly spaces in green areas. The project has been designed with cost-effective engineering systems.
In addition to Mārupe, the company is expanding the SIRIN PARK RUMBULA project, which already features 80,000 sqm of warehouse space in Riga.
Also, SIRIN Development will invest EUR 16 million in the first phases of the SIRIN PARK DREILINI this year, offering 27,000 sqm of modern warehouses to tenants.
The company boasts over 15 years of experience, having developed more than 600,000 square meters of sustainable logistics parks, with a current management portfolio of 470,000 square meters in the Baltic region.
