Office space in the future Sporta Street 2 block

Class A office space for rent in the center of Riga, in the Sporta 2 quarter.

About the property:

- The Sports 2 quarter is planned to be developed in 5 phases with a total area of 63,278 m2 (GBA).

- The future Sporta 2 quarter is located between the rapidly growing new Skanste business center and the historic center of Riga.

- Phase 1 construction has begun in September 2026 and is scheduled to be completed in Q4, 2028.

- During the 1st phase, office premises (2nd-8th floors) with a total area of 12,394 m2 will be constructed, as well as retail premises with a total area of 842 m2.

- During construction, it is planned to build 32,000 m2 of office space, 11,000 m2 of residential buildings, 10,500 m2 of retail/service spaces, and 6,500 m2 of hotels.

- It is already possible to negotiate flexible office spaces on the 3rd floor starting from 50-100 m2; on the 2nd floor and from the 4th to the 8th floors starting from 200 m2.

- Opportunity for large companies to locate their new office within one floor - 4, 5, 6, floor area ~ 2100 m2.

- Lessor's investment in office construction up to 600 EUR/m2 upon conclusion of a 7-year lease agreement.

- The building will house a restaurant, a fitness center, and spaces for art and cultural events.

- A+ energy efficiency class.

- It is planned to obtain the BREEAM Excellent certificate.

- Heating systems are managed and controlled by a BMS system.

- Cooling system with air humidification and recuperation system (HVAC).

- 3.2 meter ceiling height (2.7 meters - with Armstrong type ceiling solutions and hidden communications).

- 240A electrical power per floor.

- There will be 6 elevators available with dimensions of 1.3 meters x 1.7 meters x 2.3 meters (height).

- It is planned to build (5) electric vehicle charging stations; infrastructure capacity allows for the construction of an additional 16 charging stations.

- If necessary, tenants have the option of building a backup (diesel) generator with a capacity of 300 kVA.

- 3rd floor with flexible office space from 50-100 m2, the final layout has not yet been developed and the rental fees for the 3rd floor will be specified.

- Minimum contract term: 5 years (non-terminating by the lessee).

- If the lease agreement is signed by January 1, 2028 - the premises are transferred to the lessee upon the commissioning of the building.

- Ceiling height in commercial premises 4.4 meters (3.9 meters to communications). Rental fees 25-30 EUR/m2 + VAT 21%.

- Public transport stops - 250-300 meters away.

- Airport - 11 km away, Bus station - 2.5 km away, Riga Passenger Port - 2 km away. Shopping center - 5 minutes walk away. Quiet center of Riga - 200 meters away, Old Town - 1.6 km away.

Payments:

- Rental fee for office premises on the 2nd floor and from the 4th to the 8th floor starting from 19.75 EUR/m2 to 23 EUR/m2 + VAT 21%.

- Rental fee for terraces - 5 EUR/m2 + VAT 21%.

- In addition to the office space rental, 9% of the total leased office space must be paid for common areas.

- Additional payments: utility payments, management fee, NIN (open book, triple net).

Conditions:

- Contract term: 5 years (not breakable by the lessee);

- With a contract term of 7 years (unbreakable), the lessor's investment in adapting the premises is up to 600 EUR/m2 + VAT 21%.

- Security deposit: 3 months' rent.

Car parking/Bicycle parking:

- For every 270 m2 (GLA) rented, the tenant is entitled to 1 underground parking space - 160 EUR/month + VAT 21%; A total of 39 spaces are available.

- For every 75 m2 (NLA) rented, the tenant is entitled to 1 surface parking space - 90 EUR/month + VAT 21%; A total of 142 spaces are available.

- 112 bicycle parking spaces in a closed area with an access control system and a shared shower area.