Cobalt has advised VPH Latvia on the development of a shopping center on Valdeku street in Riga.
According to the firm, the new center – expected to open its doors at the end of 2021 – will consist of two buildings with a total gross leasable area of 4,300 square meters, with the planned project investment amounting to approximately EUR 8 million. Cobalt further informed that one of the buildings will be occupied by a built-to-suit Lidl grocery store, while the other will be occupied by other retailers and caterers, including Spirits&Wine, Apotheka, DinoZoo, Cili Pizza, and Lecenu Delikateses.
Cobalt's team included Managing Partner Dace Silava-Tomsone.