Galio group - Construction company Merks selected to build first building of GUSTAVS Business Center

August 6 d. 2021 — For business

Construction company Merks selected to build first building of GUSTAVS Business Center

Real estate developer GALIO Group has signed a contract with construction company Merks to construct a brand new GUSTAVS Business Center building with a total area of 23’500 square meters including underground parking. It will be the first of three GUSTAVS Business Center buildings located at Gustava Zemgala gatve 73 and is the first project to be launched in Riga planned by GALIO Group. Construction of the business center will start this summer.

GUSTAVS Business Center will ensure comfort both for employees and visitors as each of the three buildings will offer its main areas: recreational space, event space and active recreation space. The project has been designed as six-storey office buildings with a two-level underground car park, atrium with wooden skylight structure, roof terraces, conference halls, restaurant zone, electric car charging opportunities, bicycle storage and locker rooms. The project will be developed complying with BREEAM Excellent international standard for sustainable buildings.

Kaspars Beitiņš, Member of the Board of GALIO Development in Latvia: “We are very happy that this important project has reached a new step in its development by welcoming the general contractor Merks. GALIO Group cares about the social impact – therefore, our office buildings in Riga will be energy-efficient and environmentally friendly. With GUSTAVS business center we have created a forward-looking space, designed to inspire, energize and support you –– the future employee at GUSTAVS Business center. Also, the area –– VEF district –– has been developing very well as it has become a business district where young professionals get together. We see that this district is very promising for the future of Riga.”

Andris Bišmeistars, Member of the Board and Construction Director of SIA Merks:  “This is one of the fastest growing districts in Riga, so we are pleased to contribute to its development. “GUSTAVS business center” provides an insight into how the latest generation office building should look – environmentally friendly, harmonious and modern. In this project, we will ensure construction and author’s supervision processes in order to fit into the desired construction period successfully and guarantee the realization of the construction in accordance with the developed project.”

One of the first official tenants of GUSTAVS Business center is SEB Group’s business services centre in Riga –– an agreement has been signed to move its existing office to the newly constructed GUSTAVS Business center. SEB is planning to occupy approximately 11 000 square meters to accommodate more than 1000 employees.

The architects and project authors of GUSTAVS Business center are SIA Vilnis Miculis. Construction supervision is provided by SIA Buvuzraugi LV.

About GALIO Group:

GALIO Group is a Lithuania-based company engaged in sustainable real estate development. The company owns several land plots in Riga –– on Brīvības Street, Daugavgrīvas Street and Gustava Zemgala gatve –– where it plans to develop multifunctional projects and offer Riga’s market about 110 thousand. sq.m. of modern office space and about 2 000 new apartments.

About Merks:

Construction company Merks is a general contractor in the construction of public, residential and industrial buildings, as well as engineering structures, which have been operating in Latvia since 1996. Merks has built more than 120 different objects in Latvia, including public buildings, manufacturing buildings and engineering structures, as well as more than 1500 apartments. Construction company Merks is a part of Merko Ehitus group, the leading construction company in the Baltics, the shares of which have been listed on the Tallinn Stock Exchange since 1997.