{"id":12965,"date":"2026-03-09T15:16:59","date_gmt":"2026-03-09T12:16:59","guid":{"rendered":"https:\/\/invego.ee\/?p=12965"},"modified":"2026-03-09T15:27:46","modified_gmt":"2026-03-09T12:27:46","slug":"invego-and-reterra-complete-e13-million-residential-quarter-with-110-homes-in-riga","status":"publish","type":"post","link":"https:\/\/invego.ee\/en\/invego-and-reterra-complete-e13-million-residential-quarter-with-110-homes-in-riga\/","title":{"rendered":"Invego and Reterra Complete \u20ac13 Million Residential Quarter with 110 Homes in Riga"},"content":{"rendered":"\n

The new residential quarter Parka Kvart\u0101ls<\/a> in Riga, developed in cooperation between Estonian real estate developers Invego and Reterra, has been fully completed. The project, which cost \u20ac13 million, has now been formally handed over to the client by the construction company Mapri B\u016bve, with all apartments delivered. With the completion of the multi-phase development, 110 new apartments have been added to the Latvian capital, more than 80% of which have already been sold.<\/strong> <\/p>\n\n\n\n

According to Invego CEO Kristjan-Thor V\u00e4hi, the goal of the development was to create a modern living environment that integrates with the existing urban space. \u201cThe completion of the project is an important milestone both for us and for the entire neighborhood. We wanted the new residential quarter to blend naturally with the surrounding environment. That\u2019s why we paid special attention to preserving greenery \u2013 several large trees were kept, including lindens, elms and a historic oak. This has helped create a unique harmony between the new development and the established greenery,\u201d V\u00e4hi explained, adding that the community that has formed in the area shows that this approach has been well received.<\/p>\n\n\n\n

According to Reterra CEO Reigo Randmets, the project reflects a broader trend in Riga\u2019s residential real estate market. \u201cDemand for energy-efficient and well-designed homes remains strong, especially in locations that offer both greenery and quick access to the city. Parka Kvart\u0101ls has particularly appealed to families looking for stability and everyday convenience, and the completion of the final phase ties the entire concept together,\u201d said Randmets.<\/p>\n\n\n\n

The first two buildings of the development were completed earlier and are already home to more than 50 families. With the completion of the final phase, all four buildings are now open to residents. The project consists of three five-storey buildings and one four-storey building, all meeting A-energy class standards. The apartments feature spacious layouts, large windows and balconies, and buyers were able to choose between different interior finishing options.<\/p>\n\n\n\n

The area offers quick access to Riga\u2019s city center while maintaining a quieter living environment. Schools, kindergartens, shops, sports facilities and healthcare services are located nearby, making the area particularly attractive for families.<\/p>\n\n\n\n

About Reterra <\/strong><\/p>\n\n\n\n

Reterra Estate is a locally capitalized real estate development and investment company that has created comprehensive and innovative residential and business environments over more than ten years of operation. With an open outlook and a clear vision for a better future, the company has expanded its activities from Tallinn to Tartu and Riga. Reterra has developed more than 1,000 new homes and manages 70,000 m\u00b2 of commercial space, with tenants including Telia, Pipedrive, Selver, Coop and Leonhard Weiss. In Tallinn, one of Reterra\u2019s largest developments is the Hipodroom Quarter; in Rae municipality the Raem\u00f5isa residential area; and in Tartu the Aviaatori residential quarter.<\/p>\n\n\n\n

About Invego <\/strong><\/p>\n\n\n\n

Invego Group is a next-generation real estate developer operating in three countries, specializing in large-scale residential areas and business districts built around comprehensive concepts that shape the urban environments of the future. With more than ten years of operating history, the Invego Group includes over 60 companies in Estonia, Latvia and Portugal, with 30 development projects currently underway. Invego has developed more than 150,000 m\u00b2 of residential space, totaling 1,500 homes, as well as 50,000 m\u00b2 of commercial real estate. In addition, more than 5,000,000 m\u00b2 of residential and commercial development volume is currently in progress.<\/p>\n\n\n\n

In Tallinn and its surrounding areas, Invego has built new homes for more than a thousand families in recent years. Its largest completed developments include Vana-Peetri, Tiskreoja and Tabasalu Kodu, while current projects include the Luccaranna, Uus-J\u00e4rvek\u00fcla, Keila Pargikodud and Verve residential areas. The company has also developed more than 50,000 m\u00b2 of commercial space.<\/p>\n\n\n\n

In the Latvian capital, Invego is developing residential areas in Tornakalna Terases and Vitolu Parks, and together with development partner Reterra is developing the residential projects Parka Kvart\u0101ls, Skanstes Rezidences and Miera Rezidences. Near Riga, Invego is also developing the large residential area Marupes Sirds and the townhouse-only residential district Vide Ada\u017ei. In southern Portugal, the 65-hectare Silves Hills development is currently underway, featuring 154 villas suitable for both year-round living and seasonal use.<\/p>\n","protected":false},"excerpt":{"rendered":"The new residential quarter Parka Kvart\u0101ls in Riga, developed in cooperation between Estonian real estate developers Invego and Reterra, has been fully completed. The project, which cost \u20ac13 million, has now been formally handed over to the client by the construction company Mapri B\u016bve, with all apartments delivered. With the completion of the multi-phase development, […]","protected":false},"author":6,"featured_media":12958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/posts\/12965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/comments?post=12965"}],"version-history":[{"count":2,"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/posts\/12965\/revisions"}],"predecessor-version":[{"id":13022,"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/posts\/12965\/revisions\/13022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/media\/12958"}],"wp:attachment":[{"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/media?parent=12965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/categories?post=12965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invego.ee\/en\/wp-json\/wp\/v2\/tags?post=12965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}