Preses nama kvartāls
Claim your share of future Riga
About the project
A new business district reshaping Riga’s left bank
Preses Nama Kvartāls is a modern, mixed-use urban development rising in the heart of Pārdaugava. Built around the historic former Press House building, the project combines Class A office spaces, retail and public infrastructure. With a focus on sustainability, smart design, and community value, the quarter is set to become Riga’s new business and innovation hub—connecting people, ideas, and opportunities in one dynamic location.
Development progress
Step by Step Toward a Vibrant New Business District
We are now working on completion of the first Class A+ office building along Krišjāņa Valdemāra Street, set to open in 2026. Designed with sustainability, comfort, and flexibility at its core, it will provide premium workspace for approximately 2,500 professionals. Once this cornerstone is complete, we will move forward with the next stages of development, including the renovation of the iconic Preses Nams building — reimagining it as a modern, vibrant part of the city’s new business and lifestyle quarter.
Building the Future of Riga – One Milestone at a Time
The transformation of Preses Nama Kvartāls is progressing with steady momentum. With foundations laid, underground systems complete, and nine floors of structural framework rising above ground, the project is visibly taking shape in Riga’s skyline. The ground floor is finished, and installation of façade systems and external networks has begun.
Next steps include the final structural levels, full façade installation, and advanced engineering systems inside and out. As interior finishing and landscaping follow, we’re on track to deliver a forward-thinking space that will define the next era of working and living in Riga.
Construction schedule
Tenants
Designed for Ambitious Tenants
Preses Nams Quarter is built for modern businesses — from shared service centers and tech firms to financial institutions and coworking operators. Its flexible layouts, spacious floorplates (up to 170 people per floor), and high visibility from Krišjāņa Valdemāra Street and Vanšu Bridge make it ideal for companies seeking both functionality and recognition.
Panoramic views of the Daugava River and Riga’s skyline
Excellent infrastructure
Flexible office planning options
Sustainability certificate BREEAM Excellent
Lease overview, m²
Location
Balasta dambis 2, Rīga, LV-1048
View from project site
About the bonds
Key details of the fifth tranche
1 041,9178 €
Issue price
10%
Yield
June 2027
Maturity date
Semi-annually
Cupon payment frequency
1 041,9178 €
Minimum investment
General information
Calendar
Subscription period
2025 October 14-31
Issue date
2025 November 4
Maturity date
June 4, 2027
Use of Proceeds & Investor Security
Why invest?
Real, tangible asset
Large-scale, income-generating development in a central location with long-term value.
Advanced project stage
With the main construction phase nearing completion, execution and timeline risks are significantly reduced, offering greater predictability for investors.
Substantial participation by manager
Lords LB Asset Management and related parties have invested €10 million of their own capital, demonstrating long-term commitment and strong alignment with investors.
Part of an established portfolio
Developed by Lords LB Asset Management, a leading Baltic real estate and infrastructure investment manager.
Direct control over execution
Construction is managed in-house, ensuring tighter cost and timeline oversight.
Verified market demand
99% tenant retention in 2024; pre-leasing activity started ahead of formal outreach.
Transparent governance
Structured delivery model, experienced leadership, and clear investor communication support long-term stability.
How to invest
Citadele
Step 1
Log in to your Citadele online banking account.
Step 2
Navigate to the “Investment” section.
Step 3
In the “Orders” section, under “Create New” in the Securities section, select “Order for bond purchase/sale.”
Step 4
Enter the bond offering name ““AS PN Project”” and review the terms.
Step 5
Fill in the online application by completing the mandatory fields marked with an asterisk (*) and submit your application. In the “Information for the bank” field, you can specify: “AS PN Project” public bond offering.
Step 6
Await confirmation from Citadele.
Luminor
Please contact your Client Manager, who will assist you with placing the subscription order via the bank’s online banking system
SEB
Step 1
Log in to your SEB online banking account.
Step 2
Select the “Investment” section, then go to the “Bonds” subsection.
Step 3
Type “AS PN Project” in the search field.
Step 4
Click the “Buy” button and fill in the subscription form by indicating the number of bonds you would like to purchase and the price (100%).
Step 5
Review and submit your application, and follow the instructions provided.
Swedbank
Step 1
Log in to your account using your Swedbank online banking credentials.
Step 2
Navigate to the “Investment” section and select “Corporate Actions, Offers.”
Step 3
From the dropdown menu of currently available public offers, select the bond you’re interested in.
Step 4
Fill in the subscription form by indicating the number of bonds you would like to purchase.
Step 5
Review and submit the form, and wait for confirmation from the bank.
Step 6
Complete any additional steps as instructed by Swedbank.
Signet
For existing clients: Contact your Banker or the Signet Markets team at +371 67 081 069.
For potential new clients: Please contact a Signet Client Relationship Manager at +371 2 9249330.
BluOrBank
If you already have an investment account with the bank, you can place your order using voice brokerage services by calling +371 67 034 222, or through the online banking system
Artea
Step 1
Login to your internet banking account
Step 2
Navigate to securities trading platform
Step 3
The bond offering can be found in the tab “Bonds”. Press on the bond being offered and enter the investment amount. Amount being invested must be accrued in client’s investment account
Detailed information on digital onboarding can be found here
LHV
Step 1
Visit: https://investor.lhv.ee/en/offering and review details of the current bond offering.
Step 2
Log in to LHV Internet Bank. Use your credentials to access your account.
Step 3
Navigate to the Investments or Bonds section.
Step 4
Fill In the subscription order.
Step 5
Confirm and submit the order.
About the Lords LB
- 20
- Funds ranging by strategy, sector and style
- 1B+ €
- Assets Under Management
- 60+
- Dedicated investment professionals
Management team
Management board
Supervisory board
Povilas Urbonavičius
Chairman & Fund Manager
Mr Povilas Urbonavičius is an experienced real estate professional with a demonstrated history of working in real estate development. Mr Urbonavičius is skilled in real estate, business development, management and business planning. His prior experience includes leadership positions in Darnu Group and Omberg Group, key players of Lithuanian real estate development field. Povilas Urbonavičius holds a bachelor’s degree in civil engineering.
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Videos
Investor Webinar (ENG)
Site progress update (14.05.2025.)
FAQ
What is Preses Nama Kvartāls?
It is a large-scale, mixed-use business quarter under development in Pārdaugava, Riga. The first Class A+ office building is already under construction and scheduled for completion in 2026.
What is the maturity date of the bonds?
The bonds mature in 2027. Detailed terms are provided in the offering documents.
Why invest in this project?
This is a rare opportunity to invest in a tangible, high-quality development at a mature stage. The project is already halfway built and highly visible in Riga’s skyline, with strong interest from future tenants.
Who is behind the project?
Preses Nama Kvartāls is developed by AS PN Project, a subsidiary of Lords LB Special Fund V, managed by Lords LB Asset Management — one of the leading real estate investment managers in the Baltics with a strong track record, including previous bond issuances.
How will the funds be used?
The proceeds from the bond issue will be used to finance ongoing construction works and cover associated development costs of the Preses Nama Kvartāls project.
How is investor security ensured?
The bond structure includes specific investor protections and collateral. Full details are available in the prospectus and offering documentation.
What are the risks?
As with any investment, bonds carry risks, including construction, market, and credit risks. Investors should review the risk factors outlined in the offering documents.
Who can invest in these bonds?
The bond offer is open to both institutional and retail investors in the Baltic region, subject to local regulations.
Contacts
Rasa Bartusevičienė
Mobile
E-mail
Dana Česūnė
Mobile
Phone
E-mail