facebook Developing the Future of Real Estate in Riga – Versum

Innovative Real Estate Development

Developing properties with dedication
Innovation and the environment are of the utmost importance to Estmak Capital. Our developments are based on the latest knowledge in the fields of design and construction, and the business and residential complexes we create form fully integrated environments of their own in which every detail is carefully considered. We want to offer the best property development in the Baltic States and to create sustainable value for future generations.
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2008
The Estmak Capital has operated since
180 000+ m2
Total area of residential, commercial office, industrial, and other purpose buildings constructed by 2023
LEED Platinum certificate
Explorer office building became the first structure in Estonia to be awarded
The Brelf Awards 2022
Our real estate development project in Latvia was nominated
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Business Philosophy

Our vision
Our vision is clear: to exemplify property development in the Baltic States. We aspire to be at the forefront of sustainable and eco-conscious construction, providing exemplary business and residential complexes that not only meet today's needs but also anticipate tomorrow's demands.
Our mission
At Estmak Capital, our mission is to set new standards in property development that transcend mere construction. We aim to create harmonious and fully integrated environments in commercial and non-commercial structures, allowing vibrant and sustainable communities to flourish.
Our philosophy
Our philosophy is rooted in single-mindedness and innovation. Our core belief is that the built environment plays a pivotal role in shaping the quality of life for both individuals and communities.
Our values
Our values center around sustainability, innovation, and a dedication to creating lasting, positive impacts on our communities and the environment.
Why should you choose us?
Working with Estmak Capital means embracing excellence, innovation, and sustainability. With a firm commitment to exceeding expectations, we lead the industry in eco-conscious construction.

Our track record of award-winning recognition, including LEED Platinum certifications and pioneering energy-efficient solutions, speaks to our dedication to setting new standards in property development.

We actively contribute to a greener future through tree-planting programs, renewable energy charging stations, and visionary projects like the Versum stock offices and the Lāčplēša Quarter.

With Estmak Capital, you gain a reliable partner and inspiration that fuels your business's growth and innovation. We're your strategic allies, inspiring new heights of success with every space we create.
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Our History and Buildings

Dedicated to excellence since our founding, we have continuously pushed boundaries in property development, embracing innovation and sustainability at every step.
2008
Estmak Capital started operating in Latvia, setting its sights on a future where property development embodies creativity and sustainability.
2016
The opening of the Explorer office building was a moment to celebrate. It is a stunning building that redefines modern workspaces in Estonia.
2016
The Lasnamäe Tervisemaja (Lasnamäe Health House) opened its doors, presenting cutting-edge health and wellness solutions that transform how we experience modern healthcare.
2017
It was a year of growth for Estmak Capital in Latvia, with significant projects like Rimi Tilta and Ķeizarmežs Kompleks bringing innovation to urban living.
2017
The Explorer office building has achieved the esteemed LEED Platinum certification, establishing new benchmarks for sustainable architecture and elevating Estonia's eco-friendly design standards.
2017
Acquiring the land at Lāčplēša, 76 marks a bold step toward new achievements and an ambitious project - Lāčplēša Skvērs.
2018
Development of the Saga project commenced, a bold step in creating versatile business environments.
2023
The Versum project took off in Latvia. It promised an exciting blend of working spaces, combining offices, showrooms, and warehouses under one roof.
2024
Two significant milestones: a groundbreaking agreement with Lidl to acquire land to develop a two-story store and a strategic partnership with CityPark to enhance parking facilities.
2024
The development of the Lačpleša Healthy House project: an innovative health and wellness center that has generated significant interest across Latvia, marking a major achievement in the sector.
2024
The first stage of Versum construction has been completed. Two buildings have been commissioned, and the first tenants are starting to settle into their new offices. The second stage began with the construction of Building C.
2025
There are exciting developments ahead for Lačpleša Skvērs. The third milestone is on the horizon. Stay connected with us on social media for exclusive updates.
2025
The second stage of Versum will be completed, marking a significant milestone in the project's development and bringing us closer to realizing our vision for the future.
Upcoming
Dzelzavas iela 130, Riga: A next-generation warehouse project is in development, designed to redefine efficiency and innovation in logistics and storage.

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