{"id":7219,"date":"2026-02-13T08:20:47","date_gmt":"2026-02-13T08:20:47","guid":{"rendered":"https:\/\/capitalica.lt\/?p=7219"},"modified":"2026-02-13T08:20:50","modified_gmt":"2026-02-13T08:20:50","slug":"verde-development-gains-momentum-capitalica-asset-management-increases-bond-issue-to-eur-4-million-completes-substructure-works-25-building-c-reserved","status":"publish","type":"post","link":"https:\/\/capitalica.lt\/en\/verde-development-gains-momentum-capitalica-asset-management-increases-bond-issue-to-eur-4-million-completes-substructure-works-25-building-c-reserved\/","title":{"rendered":"\u201cVerde\u201d development gains momentum &#8211; \u201cCapitalica Asset Management\u201d increases bond issue to EUR 4 million, completes substructure works, 25% Building C reserved"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/capitalica.lt\/app\/uploads\/2026\/02\/H14_CD_JUMTS_2_N-1024x576.jpg\" alt=\"\" class=\"wp-image-7216\" srcset=\"https:\/\/capitalica.lt\/app\/uploads\/2026\/02\/H14_CD_JUMTS_2_N-1024x576.jpg 1024w, https:\/\/capitalica.lt\/app\/uploads\/2026\/02\/H14_CD_JUMTS_2_N-300x169.jpg 300w, https:\/\/capitalica.lt\/app\/uploads\/2026\/02\/H14_CD_JUMTS_2_N-768x432.jpg 768w, https:\/\/capitalica.lt\/app\/uploads\/2026\/02\/H14_CD_JUMTS_2_N-1536x864.jpg 1536w, https:\/\/capitalica.lt\/app\/uploads\/2026\/02\/H14_CD_JUMTS_2_N-2048x1152.jpg 2048w, https:\/\/capitalica.lt\/app\/uploads\/2026\/02\/H14_CD_JUMTS_2_N-178x100.jpg 178w, https:\/\/capitalica.lt\/app\/uploads\/2026\/02\/H14_CD_JUMTS_2_N-400x225.jpg 400w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><em>Information for the media<br>12 February 2026<\/em><\/p>\n\n\n\n<p><strong>\u201cCapitalica European Office Fund\u201d, managed by investment management company \u201cCapitalica Asset Management\u201d, has successfully completed the first stage of its public bond offering, aiming to raise EUR 3 million. <\/strong><strong>The bond offering was oversubscribed more than four times, with total investor orders reaching EUR 13.2 million compared to the initial EUR 3 million offering amount. In response to this strong demand, the issue size has been increased to EUR 4 million. T<\/strong><strong>he raised funding will be allocated to the further development phases of \u201cVerde\u201d, Latvia\u2019s greenest business district. The substructure works of Building C has already been completed and 25% of its space has been reserved, demonstrating steady project progress and strong market interest.<\/strong><\/p>\n\n\n\n<p>560 investors participated in the 1<sup>st<\/sup> tranche issue: 48% from Latvia, 43% from Lithuania and 9% from Estonia. Almost 26% of bonds were allocated to Institutional investors, while remaining 74% were subscribed by private investors.<\/p>\n\n\n\n<p>\u201c<em>Investor confidence confirms that the concept, high quality and results achieved so far by the green \u2018Verde\u2019 project meet the highest market expectations. The modern office market in Riga still faces a shortage of sustainable A-class space, and the fact that the first \u2018Verde\u2019 buildings are already fully leased clearly demonstrates the potential of this segment<\/em>,\u201d says <strong>Gintaras Tolo\u010dka, Fund Manager.<\/strong><\/p>\n\n\n\n<p>The annual interest rate on the bonds is 8%, with a maturity date of 12 August 2028. The nominal value of one bond and the minimum investment amount is EUR 1,000. The bond issue is distributed by Lithuania\u2019s Artea Bank in cooperation with Signet Bank.<\/p>\n\n\n\n<p><strong><em>Kristi\u0101na Janvare, Head of Investment Banking of \u201cSignenet Bank:<\/em><\/strong><em> \u201cThe strong interest from Latvian investors in this bond issue is a reflection of the strong track record of Capitalica Asset Management and high reputation of the \u201cVerde\u201d project. Real estate bonds are gaining popularity among Latvian investors, who value high-quality investment opportunities that generate tangible benefits for the local economy and the urban environment\u201d.<\/em><\/p>\n\n\n\n<p><strong>Strong market interest: 25% of space reserved in Building C<\/strong><\/p>\n\n\n\n<p>Alongside the successful fundraising, very strong interest from potential tenants is observed in the expanding \u201cVerde\u201d district. Although the new development phases are still at an early construction stage, 25% of the total leasable area in Building C has already been reserved, while active work continues on lease agreements and space layout coordination.<\/p>\n\n\n\n<p><strong>Iveta Ardava, Commercial Director of \u201cVerde\u201d,<\/strong> notes: \u201c<em>Although 25% of the space in Building C has already been reserved, interest continues to grow, and for certain units there is already a queue of multiple interested parties. At this stage of leasing, we still have the flexibility to adapt the spaces to tenants\u2019 needs, offering various layout configurations and view options. I have observed a positive trend \u2013 for new tenants, the decisive factors increasingly include the sustainability solutions offered by \u2018Verde\u2019, which align with companies\u2019 ESG requirements, such as A-class energy efficiency, a green environment, rooftop gardens on the upcoming C and D buildings, electric vehicle charging infrastructure, an underground car park, and extensive bicycle parking. Equally important is the district\u2019s proven success: the full occupancy of Buildings A and B confirms that the concept works, giving companies confidence to become part of this growing community and urban environment by choosing offices in Buildings C and D\u201d.<\/em><\/p>\n\n\n\n<p><strong>Anna Lalova, \u201cColliers Baltics\u201d Office Agency associate director <\/strong>adds: \u201c<em>In the Riga office market, a clear trend is emerging of companies of various sizes seeking sustainable, modern and flexible office space in the city centre. In this context, demand for compact A-class offices is growing particularly fast, as such offerings have so far been largely unavailable to small and medium-sized companies. \u2018Verde\u2019 matches these market expectations precisely, and the strong interest in Building C already at an early construction stage clearly confirms this<\/em>.\u201d<\/p>\n\n\n\n<p><strong>Construction and architectural solutions proceeding as planned<\/strong><\/p>\n\n\n\n<p>It is worth noting that construction of the new development phases of the \u201cVerde\u201d district is progressing according to schedule. The general contractor, Capitalica Industries, has nearly completed the full substructure phase of Building C, including pile installation, reinforced concrete foundations, structural retaining walls, and the main excavation works, marking a significant milestone in the project\u2019s construction progress.<strong> <\/strong>Construction continues throughout the winter period, and Building C is scheduled for completion in the second quarter of 2027.<\/p>\n\n\n\n<p>At the same time, work is underway on the interior concept for the shared areas of Buildings C and D, developed by the architectural firm \u201cARHIS ARHITEKTI\u201d. The interior design will combine modern, sustainable design solutions with historical references to the former railway station once located on this site, strengthening the identity of the place and creating a distinctive work environment experience.<\/p>\n\n\n\n<p>Once all development phases are completed, \u201cVerde\u201d will offer more than 50,000 m\u00b2 of A-class office space in Riga, at the very beginning of the modern Skanste business district, providing a working environment for approximately 5,500 employees, with a total project investment of around EUR 150 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Information for the media12 February 2026 \u201cCapitalica European Office Fund\u201d, managed by investment management company \u201cCapitalica Asset Management\u201d, has successfully completed the first stage of its public bond offering, aiming to raise EUR 3 million. The bond offering was oversubscribed more than four times, with total investor orders reaching EUR 13.2 million compared to the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u201cVerde\u201d development gains momentum - \u201cCapitalica Asset Management\u201d increases bond issue to EUR 4 million, completes substructure works, 25% Building C reserved - Capitalica<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capitalica.lt\/en\/verde-development-gains-momentum-capitalica-asset-management-increases-bond-issue-to-eur-4-million-completes-substructure-works-25-building-c-reserved\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cVerde\u201d development gains momentum - \u201cCapitalica Asset Management\u201d increases bond issue to EUR 4 million, completes substructure works, 25% Building C reserved - Capitalica\" \/>\n<meta property=\"og:description\" content=\"Information for the media12 February 2026 \u201cCapitalica European Office Fund\u201d, managed by investment management company \u201cCapitalica Asset Management\u201d, has successfully completed the first stage of its public bond offering, aiming to raise EUR 3 million. 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