We have started construction of A-class warehouse and logistics park in Riga at 462 Maskavas Street. Having invested at least EUR 18.3 million, there is going to be a unified logistics and warehouse park created named A6, offering almost 32,000 m2 of new warehouse space.
Pillar Capital is going to engage about 20 contractors in building the logistics park, while approximately 180 people will be hired for construction works and other jobs on site. The general contractor shall be Pillar Contractor, while design works will be done by Pillar Architekten.
On the land plot owned by Pillar Capital at Maskavas Street currently there are several warehouses built, most of which were built about 10 years ago. In order to fully use the potential of the property and the available land, there shall be a unified logistics and warehouse park built. After completion of the construction works, the total space of the buildings will exceed 50,000 m2, making this new logistics park one of the biggest in Riga.
It is estimated to complete construction works by 31 July 2021. The new buildings are going to receive BREEAM certificate, proving their high quality, energy efficiency and compliance with the world standards. These new buildings are going to be the first BREEAM certified warehouse buildings in Latvia.