Office complex 'Jaunā Teika' hits full occupancy in three office buildings Teodors, Henrihs and Ausma

One of the largest business centers in Latvia, Jaunā Teika, is fast approaching full capacity. The occupancy rate in the Henrihs, Teodors and Ausma buildings has already reached 100%, and tenants are currently being attracted for the last available space. The demand for high-quality office space remains stable, which confirms the positive development of the market and the long-term trend where modern and sustainable business centers such as "Jaunā Teika" become the first choice of the company.

“We offer a supportive ecosystem for business, where companies can grow and develop while also contributing to the growth of the local economy. Sustainable development, modern infrastructure, and a dynamic business environment are the key factors that make “Jaunā Teika” one of the most attractive business districts in Riga,” says Viktors Savins, Chairman of the Board at EfTEN Capital Latvia.

Since 2021, when EfTEN Capital — the largest commercial real estate manager in the Baltics — acquired “Jaunā Teika”, the business center has seen steady development, reinforcing its regional significance and strategic value for investors.

Three of the four office buildings, with a total area of over 43,000m², are now fully occupied, indicating a continued interest in flexible, modern and energy-efficient office space. At the same time, many existing tenants are expanding their premises in "Jaunā Teika", which demonstrates the commitment to the environment, the quality of the management service and the importance of a long-term cooperation model.

Several international companies have already chosen the "Jaunā Teika" office complex as their regional office location, including "Tech Mahindra", "Norwegian Air", "Alstom", "Tetra Pak", "LG Electronics", "Siemens", “DNB Bank AS Latvia Branch”, and others. Meanwhile, the business center’s coworking space "Teikums", provides a dynamic environment for startups and growing companies expanding their operations in the Baltic market.

"Jaunā Teika” is one of the most competitive business centers, home to both industry leaders and young companies looking for an innovative and growth-friendly environment. Strategically designed and modern space layouts allow the premises to adapt to different business needs, providing ideal conditions for both large companies and new start-ups. The buildings are modern and energy-efficient, equipped with state-of-the-art technologies that ensure an optimal microclimate, efficient lighting and low energy consumption. 

About EfTEN Capital    

EfTEN Capital is a leading real estate fund management company in the Baltic region, focusing on commercial real estate investments and offering comprehensive asset management services. With a solid track record in diversified property portfolio management, the company aims to provide investors with attractive returns while focusing on responsible investment practices. 

"EfTEN Capital's Latvian portfolio includes: Domina Shopping shopping centre, office complex Jaunā Teika, office buildings Tērbatas Biznesa Centrs, Duntes biroji and Blaumaņa Centrs, headquarters of the Latvian national airline airBaltic, logistics centres "EfTEN Logistics Berģi", "EfTEN Logistics Piepilsētas", "EfTEN Logistics Ķekava" and "DSV logistics centre", business and industrial complex "Tehnoloģiskais parks Jūrkalne" and shopping centre "RAF Centrs" in Jelgava.