The exclusive residential development “Skanstes Rezidences” in Skanste district has been commissioned, marking the successful delivery of the 14 million euros project and one of the capital’s newest high-quality residential developments with 67 premium apartments.
Developed by Invego and Reterra, “Skanstes Rezidences” is located at Grostonas Street 9 and comprises two eight-storey A-class energy-efficient contemporary residential buildings designed by “Salto Architects”.
“The commissioning of “Skanstes Rezidences” is an important milestone for everyone involved. Our ambition from the outset was to create more than just apartments – a distinctive residential environment combining world-class architecture, comfort and long-term value. Designed for a modern, active urban lifestyle, the project also offers strong long-term appeal for private investors. We are proud to see this vision become reality and welcome residents to their new homes,” explains Kristjan-Thor Vähi, CEO of Invego.
“Skanste has evolved into one of Riga’s most dynamic neighborhoods, and “Skanstes Rezidences” is part of that transformation. Its combination of a vibrant urban setting, excellent connectivity and high-quality residential architecture makes it an attractive place to live and a strong addition to Riga’s growing housing market. We are proud to have contributed to the continued development of Skanste and to bringing this project to completion,” adds Reigo Randmets, CEO of Reterra.
The “Skanstes Rezidences” residential complex, constructed by “Mapri Būve”, comprises 67 apartments ranging from one to four rooms, with prices starting from €124,900. Designed with an emphasis on natural light, spaciousness and contemporary comfort, the residences feature large windows, balconies, private terraces on the first floor and loft-style layouts, with selected apartments offering ceiling heights of up to six meters. Residents will also have access to rooftop terraces, while a spacious underground parking garage provides additional convenience.
The completion of “Skanstes Rezidences” marks another step in the transformation of Skanste and contributes to the growing supply of modern, energy-efficient housing in Riga. Current availability and apartment information are published on the project’s website: www.skanstes.lv
About Invego
Invego is a next-generation real estate developer operating in three countries, specializing in large-scale residential and commercial districts built with a forward-looking, integrated urban concept. With over 10 years of experience, the Invego Group encompasses more than 60 companies across Estonia, Latvia, and Portugal, and is currently managing nearly 30 different development projects. To date, Invego has developed over 150,000 m² of space, including 1,500 homes and more than 50,000 m² of commercial premises. An additional 500,000 m² of residential and commercial real estate is currently under development. The bonds of Invego Group OÜ and its subsidiary Invego Latvia OÜ are listed on the Nasdaq Baltic First North Bond List.
About Reterra
Reterra Estate is a locally owned real estate development and investment company that has been creating comprehensive and innovative residential and commercial environments for more than a decade. An open outlook and a clear focus on a better future have taken the company’s operations from Tallinn to Tartu and Riga. Reterra has built more than 1,000 new homes and manages 70,000 m² of commercial space, with tenants including Telia, Pipedrive, Selver, Coop, Leonhard Weiss and others. In Tallinn, Reterra’s largest developments include the Hipodroomi Quarter and the Raemõisa residential development in Rae Parish, while in Tartu the company is developing the Aviaatori residential quarter.