A significant project milestone has been celebrated at the "Bordo rezidences" residential development in Torņakalns - construction is progressing on schedule, with the building expected to be commissioned by the end of 2026. Clients will soon have the opportunity to experience a demo apartment.
Kristīne Vizule, Sales Manager of the project, comments: "Visiting the demo apartment will allow clients to experience firsthand both the quality of finishes and the spatial layout. Demand remains high - there is still an opportunity to select the most suitable apartment at fixed prices. To date, 25 percent of all apartments have already been reserved."
The project is being developed by ASTOR Group, financed by Rietumu Banka, and marketed by Vestabalt - a real estate company with 35 years of experience. The development comprises two energy-efficient multi-apartment buildings offering a total of 74 fully finished apartments. The interior concept was created by designer Eva Staņeviča, with a focus on functionality and sustainable materials.
Artūrs Jukšs, Board Member and Head of Credit Management at Rietumu Banka, adds: "Latvia and Riga need new, sustainable residential buildings, and "Bordo rezidences" is an excellent example that such housing is both highly valued and in demand. This is another project in our ongoing collaboration with ASTOR Group, for which we have provided a loan of nearly €6 million. We greatly value the company's professionalism, reflected in a well-considered choice of location, high construction quality, and careful execution of the business concept."
The buildings incorporate modern technical solutions, including underfloor heating, heat recovery ventilation, and high-quality sound insulation. The surrounding grounds feature landscaped recreation areas, a children's playground, bicycle parking, and electric vehicle charging stations.
Torņakalns has seen considerable development activity in recent years, emerging as one of Riga's most dynamic neighbourhoods for new residential projects - a trend that, according to expert assessments, has a positive long-term influence on property values in the area.