DOCSLIB.ORG

View Riga Office Marketview Q1 2018 Here

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
View Riga Office Marketview Q1 2018 Here Baltics Part of the CBRE affiliate Network Riga Offices, Q1 2018 Rent levels stable despite low vacancy, A class developers showing more confidence. Total Stock Take-up Vacancy Rate Completions Prime Yield 618,800 sq m 9,400 sq m 3.4% 3,700 sq m 6.75% (-0.25 p.p) Arrows indicate change from the corresponding quarter in the previous year Figure 1: Total Modern Office stock Overview Q1 2016-Q1 2018 30 000 5.0% 4.5% 25 000 4.0% 3.5% 20 000 3.0% 15 000 2.5% 2.0% 10 000 R² = 0.2569 Modern office sq m office stock, Modern 1.5% 1.0% 5 000 0.5% 0 0.0% Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Vacant Space, sq m Completions, sq m Absorption, q-o-q, sq m Take-up, sq m Vacancy Rate, % (the right axes) Linear (Take-up, sq m) Source: CPB Real Estate Services, part of the CBRE Affiliate Network, April, 2018 Q1 2018 SUMMARY • Overall vacancy for existing modern offices during Q1 • Latvia's economic growth surpassed expectations with a has declined from 3.5% to 3.1% since Q4 2017. strong and broad-based upswing in 2017 and GDP grew by 4.5% y/y. In 2017, Latvian exports of goods • The prime rent level has increased to 17 EUR/sq and services increased by 4.8% while imports increased m/month, whilst the prime yield has remained stable at by 9.5%. Turnover and volume of sales in the wholesale 6.75%, a compression amounting to 0.25 p.p y/y. and retail trade , excluding automotive and fuel, grew by 6.6% in 2017 y/y. • Modern stock take-up in Q1 2018 amounted to ca. 9,400 sq m, a decline of 13% y/y. • The latest data from the ECB shows that in March 2018 the average level of consumer prices rose by 2.3 % y/y. • Modern stock absorption was ca. 6,200 sq m, a 32% increase sequentially when compared to Q4 2017 and • The unemployment rate in Latvia decreased from 8.3% close to 26,600 sq m y/y. in Q4 2017 to 7.8 % in Q1 2018. • Signed leases during Q1 2018 indicate that the IT and • Modern office stock in Riga has increased from ca. telecommunications segments were the most active in 615,000 sq m to ca. 618,800 sq m, an increase of the market. Overall, take-up this quarter was driven by 0.62% sequentially with the completion of «Imperial relocations and expansions of established enterprises. Palace» at Brivibas Boulevard 21, Riga. Q1 2018 CBRE Research © 2018 CPB Real Estate Services, Affiliate of CBRE 2018 | 1 RIGA OFFICES Baltics SUP P LY ( M ODER N OFFICE STOCK) Figure 2: Riga Office Market Take-Up, Q1 2017-Q1 2018 Part of the CBRE affiliate Network During Q1 2018, the stock of class A and class B modern office buildings in Riga increased by ca. 3,700 sq m, 20 000 amounting to 618,800 sq m of GLA in total, out of which ca. 15 000 408,800 sq m (66%) was speculative (including BTS) and ca. 210,000 sq m (34%) was owner-occupied space. m Sq 10 000 Currently there is ca. 131,700 sq m of GLA (~21% of current 5 000 supply) under construction or in the latter stages of planning (12 developments), of which 26% or ca. 34,700 sq 0 m is represented by renovations/reconstructions. 55,600 sq Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 m is scheduled to be delivered by the end of 2018. The largest office projects scheduled for delivery this year Source: CPB Real Estate Services, part of the CBRE Affiliate Network; Q1 2018 are Z-Towers (ca. 24,000 sq m) and Jauna Teika, Teodors (ca. 16,300 sq m). Jeruzalemes 1, a ca. 7,700 sq m renovation Figure 3: Riga Offices average rent, EUR / sq m / month, 2016-Q1 2018 project is expected to be delivered later this year. The only addition to Riga modern office stock during Q1 2018 was 21 Brīvības Boulevard, the «Imperial Palace» B1 class office 16.5 16.5 17 15.5 project of circa 3,700 sq m (comprehensive renovation) by 14 13 13.5 13.5 Baltic RE Group. The China Culture Center has pre-leased 14 14 close to 1,000 sq m in the building. 13 13.5 On account of the liquidation of ABLV bank, there was 8 8 8 uncertainty surrounding Phase 1 of New Hanza featuring ca. 7 20,200 GLA, however it has been announced that 2015 2016 2017 2018 Q1 development will continue, albeit with an expected delivery Class A Class B delay until 2021. Judging from the market dynamics of the past few years, Source: CPB Real Estate Services, part of the CBRE Affiliate Network; Q1 2018 market absorption has generally risen to accomodate new completions and 2017 marked a strong y/y uptrend in terms Figure 4: Distribution of Riga modern office stock, % of total GLA of take-up, however it remains to be seen how the market handles such a sharp influx of office space over the course Skanstes/Modern Center of 2018/2019. It is clear that confidence shown by 16% CBD developers is increasing and the general market sentiment 32% is positive. However, some of the development pipeline Purvciems may be delayed on account of absorption uncertainty, 7% particularly pertaining to the necessary new international Other tenant entries to the market. On the other hand, the 7% improving economic environment coupled with the increasing pace of obsolescence among older stock Mukusalas district Ciekurkalns 11% properties continues to drive positive sentiment in the Riga Kipsala Duntes district 14% office segment. 5% 8% RELOCATIONS PLAY THE LEADING R OLE Source: CPB Real Estate Services, part of the CBRE Affiliate Network; Q1 2018 Q1 2018 was characterized by average occupier demand, Figure 5: Riga modern office stock vacancy rates, Q3 2017-Q1 2018 with total take-up at ca. 9,400 sq m, down 46% sequentially, but in-line y/y when compared to Q1 2017. Absorption was Vacancy Q1 2018 Q4 2017 Q3 2017 ca. 6,200 sq m, an increase of 32% compared to Q4 2017 Rate and 26,600 sq m y/y. Overall 3.1% 3.5% 3.4% In Q1 2018, demand was driven by relocations and expansion of existing enterprises. Although total leasing Class A 0.5% 0.0% 0.6% activity has dropped compared to Q4 2017, it remains in- line y/y with a slight decrease. Signed leases during the Class B1 3.1% 3.7% 3.0% quarter indicate that the IT and telecommunications Class B2 4.5% 4.5% 4.7% segments were the most active in the market. Source: CPB Real Estate Services, part of the CBRE Affiliate Network; Q1 2018 Q1 2018 CBRE Research © 2018 CPB Real Estate Services, Affiliate of CBRE 2018 | 2 RIGA OFFICES Baltics Figure 6: Total Modern Office Stock by Locations and Vacancy in Q1 2018 Part of the CBRE affiliate Network 175 000 10% 150 000 8.7% 8% 6.8% 7% 125 000 6.7% 6% 100 000 5% 75 000 4.5% Sq m Sq GLA 4% 50 000 2.8% 2% 1.8% 2.0% 25 000 1% 0.7% 1.1% 1.0% - 0.3% 0% Occupied, sqm GLA Vacant space, sq m Overall vacancy, % Source: CPB Real Estate Services, part of the CBRE Affiliate Network, April 2018 Figure 6: Planned completions, Q1 2018-2021 Project Address District Developer Office GLA, sq m Year SALMO Biroji * Skandu St.7, Riga Imanta Salmo Invest 4 000 2018 Jauna Teika, Teodors Gustava Zemgala Ave.78, Riga Teika Hanner 16 300 2018 Z-Towers Ranka dambis 30, Riga Kipsala district SPI Group 24 000 2018 InDI BC expansion* Uriekstes St.2a, Riga Ganibu dambis Ganibu Dambja BC 4 000 2018 Jeruzalemes 1* Jeruzalemes 1, Riga CBD Dyninno Group 7 700 2018 Business Garden Riga, 1st stage Liela St. 3, Marupe Ulmana district VASTINT 14 200 2019 Akropole Riga Salaspils St.4, Riga South district Akropolis Group 9 000 2019 Origo ONE Stacijas Sq.2, Riga CBD Linstow 11 500 2019 SWH Office Centre* Skanstes St.50/52, Riga Skanste/Modern center SWH Grupa 12 000 2019 Jauna Teika, Henrihs Gustava Zemgala Ave.78, Riga Teika Hanner 22 000 2019 TELEGRAPH Offices* Audeju St.15, Riga CBD NBP Group 3 040 2019 RedLine offices* Ganibu dambis 24a, Riga Ganibu dambis Dambis biroji 4 400 2019 Valdemara biroji* K. Valdemāra St. 118, Riga Skanste/Modern center LNK Properties 7 000 2019 ELEMENTAL Skanste, 1st stage Skanstes St., Riga Skanste/Modern center Kapitel 22 700 2020 Capital City Krasta St. 99, Riga South district Capital Mill 32 000 2020 Salas Offices Mukusalas St. Mukusalas district Bauplan Nord 4 650 2020 New Hanza, 1st stage Pulkveza Brieza St., Riga Skanste/New CBD Pillar/AB LV 14 300 2021 * Renovations / reconstructions Source: CPB Real Estate Services, part of the CBRE Affiliate Network; Q1 2018 space on average, while class B premises were available VACANCY for EUR 8-14. Rents have remained at a similar level The overall vacancy rate of the modern office stock in since 2016. In select A class projects rents can reach EUR Riga was 3.1% at the end of Q1 2018, a change of -0.4% 18 / sq m/ month.
Load more

Recommended publications
  • Riga Municipality Annual Report 2018
    Riga, 2019 CONTENT Report of Riga City Council Chairman .................................................................................................................... 4 Report of Riga City Council Finance Department Director ................................................................................... 5 Riga Municipality state ............................................................................................................................................. 6 Riga City population.............................................................................................................................................. 6 Riga Municipality economic state.......................................................................................................................... 7 Riga Municipality administration structure, functions, personnel........................................................................... 9 Riga Municipality property state .............................................................................................................................. 11 Value of Riga Municipal equity capital and its anticipated changes...................................................................... 11 Riga Municipality real estate property state........................................................................................................... 11 Execution of territory development plan ...............................................................................................................
    [Show full text]
  • Ober-Haus Real Estate Market Report 2019
    REAL ESTATE MARKET REPORT 2019 / 3 PART OF Realia Group helps its customers to find the best services and solutions in all questions related to housing and building management. Our vision is to offer better living and real estate wealth to our customers. Realia Group is the largest provider of expert services specialising in the brokerage and management services of apartments, properties and commercial facilities in the Nordic countries. Our services include: • Brokerage services for consumers • Housing management • Property management services for commercial properties • Property management services for residential buildings • Project management and construction services • Financial management services • Valuation services • Energy management services • Residential leasing Realia Group consists of Realia Isännöinti Oy, Realia Management Oy, Arenna Oy, Huoneistokeskus Oy, SKV Kiinteistönvälitys Oy and Huom! Huoneistomarkkinointi Oy in Finland. A/S Ober-Haus operates in the Baltic region and Hestia in Sweden. Our customers include apartment house companies and real estate companies, private and public owners and end users of apartments and properties, fund companies, banks and many other parties operating in the real estate sector as well as consumers. All of our companies share the significance of customer experiences in the development of products and services. We are building a better customer experience by investing in customer-oriented service production, an active service culture and strong and competent operations. We want to be a customer experience driven pioneer in our field. The Realia Group's competitiveness is made up of strong brands, motivated and skillful personnel, and the ability and will to invest in working methods and processes of the future.
    [Show full text]
  • Baltic Property Fund Quarterly Report April — June 2019
    Baltic Property Fund Quarterly Report April — June 2019 Georg Ots Spa Hotel in Saaremaa continues to show solid performance. 1 Baltic Property Fund Quarterly Report April — June 2019 Macro overview The extended Ülemiste Centre shopping centre was opened during 2Q 2019 in Tallinn, adding 13,200 sqm of leasable space, Year-on-year GDP growth in 1Q 2019 was 4.5% in Estonia, 3.0% in mostly covered by food & beverage or entertainment tenants. PEPCO, Latvia and 4.0% in Lithuania, led by growth in trade activities and the a Polish low-cost clothing and household chain, continues to expand construction, manufacturing and IT sectors, among others. aggressively, and opened a new store in Lasnamäe Centrum in May, The unemployment rate among the potential workforce aged while planning further new openings across Estonia. Deichmann’s 15-74 remains low and ended at 4.7% in Estonia, 6.9% in Latvia and first store in Estonia is due to open in mid-August 2019, covering 6.5% in Lithuania. 380 sqm of GLA in Nautica Centre. In May 2019, Porto Franco The harmonised index of consumer prices in Estonia decreased announced that Peek & Cloppenburg will open its first department to 2.3% in 1Q 2019, compared to 3.7% in the previous quarter, and store in Estonia, at 3,600 sqm, in their centre in autumn 2020. in Lithuania it decreased to 2.1% from 2.3%. In Latvia, it remained Furthermore, pressure for decreased rental rates is expected in all stable, at 2.8% (2.9% in the previous quarter).
    [Show full text]
  • Office Market Report, 2017 Q4
    OFFICE MARKET REPORT Riga Q4 2017 Office building Ostas Skati at 15 Matrožu Street, Riga. The second GENERAL largest investment deal in office buildings segment in 2017 (assisted by Latio SIA). DESCRIPTION OF THE Source: Latio's digital archive OFFICE PREMISES MARKET ▪ The supply of good quality premises, ▪ The buildings under construction at the meeting the latest market demands, is moment are built in line with insufficient in the office space segment, requirements of increased sustainability necessitating construction of new office and energy efficiency – LEED and buildings. BREEAM certificates. ▪ The overall construction volume in 2017 ▪ Rapid dynamics in construction of has increased by one fifth. The construction modern office buildings is expected to volume of office buildings has increased by follow in the coming two years, nearly a third. increasing the modern office space by approximately 25%. ▪ The demand for office space remains largest in the central business district and ▪ The construction of new office buildings the newly erected buildings in Skanste is expected to result in increase in the district. office space vacancy rate in the coming two years. 2 Office Premises Market Report, Riga, Q4 2017 LATIO Market Analysis Division Republishing data without a reference to the source is prohibited! MACROECONOMICS ▪ Construction is one of the most dynamic industries of national economy, which has Table 1 Key indicators materially contributed to the growth of the gross Indicator 2017 domestic product (GDP) in 2017, as it reached GDP 2017 ⇡ 4.5% 4.5% (see Table 1). Inflation 2017 ⇡ 2.9% ▪ The GDP growth in 2018 could be 4.2%, Construction volume 2017* ⇡ 19.5% according to forecasts of the Latvian Ministry of Office building construction 2017* ⇡ 28.7% Economics.
    [Show full text]
  • 3. Pielikums. Informācija Par NO2 Piesārņojuma Līmeni Rīgā
    100 100 150 200 250 300 60 70 80 90 100 200 300 400 500 600 700 10 20 30 40 50 2 NO maksimālā kurās Apkaimes, attēls. 1. 50 0 . attēls. attēls. 0 0 Centrs maks. Centrs Centrs maks. maks. NO maks. novērt. zonā maks. novērt.maks. zonā novērt. zonā 2 stundas koncentrācijas koncentrācijas stundas vid. vid. Grīziņkalns Grīziņkalns maks. Grīziņk. maks. maks. maks. novērt. zonā maks. novērt.maks. zonā novērt. zonā vid. vid. Āgenskalns Āgenskalns maks. Āgensk. maks. maks. maks. novērt. zonā maks. novērt.maks. zonā novērt. zonā vid. vid. robežlieluma robežlieluma Ķīpsala maks. Ķīpsala Ķīpsala maks. maks. 2 gada maks. novērt. zonā maks. novērt.maks. zonā novērt. zonā vid. vid. vidējā maks. Salas (200 µg/m (200 maks. maks. Salas Salas maks. novērt. zonā maks. novērt.maks. zonā novērt. zonā koncentrācija vid. vid. Pleskodāle Pleskodāle Pleskodāle maks. 3 maks. ) maks. pārsniegumu pārsniegumu maks. novērt. zonā maks. novērt.maks. zonā novērt. zonā vid. vid. gadā 2020. Vecpilsēta maks. Vecpils. Vecpils. maks. maks. maks. novērt. zonā maks. novērt.maks. zonā novērt. zonā reižu reižu vid. vid. ir ir maks. Brasa augstāka skaits apkaimēs apkaimēs skaits maks. Brasa maks. Brasa maks. novērt. zonā maks. novērt.maks. zonā novērt. zonā vid. vid. Maskavas forštate par Maskavas maks. Mask. f. forštate maks. maks. robežlielumu robežlielumu maks. novērt. zonā maks. novērt.maks. zonā novērt. zonā – vid. norādītas tikai tās tās tikai norādītas vid. Andrejsala Pētersala- Andrejsala Pētersala- maks. Andrejs. Pēters.- maks. maks. maks. novērt. zonā maks. novērt.maks. zonā novērt. zonā (40 µg/m (40 vid. vid. Mūkupurvs Mūkupurvs Mūku- maks. maks. maks.
    [Show full text]
  • The Impact on the Population on the Sustainable Urban Economic Development Inesa Pavlova, Maija Šenfelde
    The impact on the population on the sustainable urban economic development Inesa Pavlova, Maija Šenfelde To cite this version: Inesa Pavlova, Maija Šenfelde. The impact on the population on the sustainable urban economic development. Entrepreneurship and Sustainability Issues, Entrepreneurship and Sustainability Center, 2017, 5 (2), pp.330 - 344. 10.9770/jesi.2017.5.2(12). hal-01706875 HAL Id: hal-01706875 https://hal.archives-ouvertes.fr/hal-01706875 Submitted on 12 Feb 2018 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. The International Journal ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES ISSN 2345-0282 (online) http://jssidoi.org/jesi/ 2017 Volume 5 Number 2 (December) http://doi.org/10.9770/jesi.2017.5.2(12) Publisher http://jssidoi.org/esc/home --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- THE IMPACT ON THE POPULATION ON THE SUSTAINABLE URBAN ECONOMIC DEVELOPMENT Inesa Pavlova1, Maija Šenfelde2 1,2Riga Technical University, 1 Kalku Street, Riga, LV-1658, Latvia E-mails:1 [email protected]; [email protected] Received 25 August 2017; accepted 23 November 2017; published 29 December 2017. Abstract. Today, attention is paid to urban sustainable development and a resident as of a sustainable urban economic development in the core and foundation and most problem is the migration of them.
    [Show full text]
  • Districts of Riga
    Districts of Riga RSU is located in “Dzirciems” district on the left bank of the River Daugava, or what we, the inhabitants of Riga call “The other side of the river” (Pārdaugava); however, the majority of RSU students choose to live on the right bank of the River Daugava. When looking for a flat to rent, you will be given an option to choose the region in Riga you are interested in. Below you will find our suggestions for picking a place to live. While the Centre in general can be advised, you can also look for other options either on the right or the left bank of the river. Please note that there are many other regions in Riga (see the map), but they are either too far away, or have very bad transport connections, so we are not listing them here. The most popular rental districts among RSU students are marked with an asterisk*. Council of Riga, Department of Development. Distance by public Public Distance to Distance to Location transport Region transport the Old Town RSU Old Town RSU connections Centrs (Centre) Vecrīga (Old Town)* - 20 min Prestigious Excellent - Quite close Centrs (Centre)* 10 min 25 min Prestigious Excellent Close Quite close Klusais centrs (Quiet Centre)* 10 min 25 min Prestigious Very good Close Quite close Krasta rajons (Bank region)* 15 min 40 min Good Poor Close Quite close Labais krasts (Right bank of the River Daugava) Pētersala-Andrejsala* 10 min 30 min Very good Good Close Quite close Eksportostas rajons* 10 min 30 min Good Good Close Quite close Skanste* 15 min 30 min Very good Good Close Quite close Brasa*
    [Show full text]
  • Rlgas Attlstlb As Programmas 2014.-2020.Gadam
    APSTIPRINATS ar Rlgas domes .;iii,inri , E^u uN,.{/2, Rlgas attlstlb as programmas 2014.-2020.gadam Rrclbas plEns 2017 .-2019.gadam RIGA 20I7 Izmantotie saīsinājumi % procenti ADTI augstas detalizācijas topogrāfiskā informācija AI Rīgas Austrumu izpilddirekcija AS akciju sabiedrība BIS būvniecības informācijas sistēma Būvvalde Rīgas pilsētas būvvalde CO oglekļa oksīds CO2 oglekļa dioksīds DP Dabas parks EK Eiropas Komisija ERAF Eiropas Reģionālās attīstības fonds ES Eiropas Savienība ESKO enerģijas servisa kompānijas EUR Eiropas Savienības valūta euro g. gads GNSS globālās navigācijas satelītu sistēmas ĢI ģeogrāfiskā informācija ĢIS ģeogrāfiskās informācijas sistēma ha hektārs IKT informācijas un komunikāciju tehnoloģijas IM ilgtermiņa attīstības mērķis IS informācijas sistēma ITI integrētās teritoriālās investīcijas izpilddirekcijas Rīgas pilsētas pašvaldības izpilddirekcijas ĪADT īpaši aizsargājama dabas teritorija kW kilovats LED gaismu izstarojoša diode LĢIA Latvijas Ģeotelpiskās informācijas aģentūra LR Latvijas Republika MAP mežu apsaimniekošanas programma m.g. mācību gads milj. miljons MK Ministru kabinets MMTM multimodālais transporta mezgls NO2 slāpekļa dioksīds Nr. numurs NVO nevalstiskā organizācija O2 skābeklis O3 ozons Pārskats ikgadējs pārskats par Stratēģijas un Attīstības programmas ieviešanu PB pašvaldības budžets PI Rīgas Pārdaugavas izpilddirekcija PII pirmsskolas izglītības iestāde p.k. pēc kārtas PL privātie līdzekļi PM2.5 cietās daļiņas ar diametru < 2,5 µm PM10 cietās daļiņas ar diametru < 10 µm PPP publiskā -privātā
    [Show full text]
  • Rīgas Brīvostas Tematiskais Plānojums
    500000 505000 510000 Dabas parks "Piej ūra" RĪGAS BRĪVOSTAS TEMATISKAIS PLĀNOJUMS Vec āķ i J"VECVEC ĀĶĀĶ II PERSPEKTĪVĀ TERITORIJAS IZMANTOŠANA Daugavgr īvas krastu Mang fortifik ācijas aļu prospekts Dabas parks būvju komplekss "Piej ūra" Pielikums Nr.2 325000 325000 ST1 la ie u d a v ST2 v tā S ST3 Manga ļsala a l e T i r 4 a ST u le a l z r e VECDAUGAVAVECDAUGAVA Kom ētforts u i Dabas d " u s J ie R e la liegums m s k "Vecdaugava" ST14 i e V s t k Jaunciema gatve su ie e atro la p Alb s Tr īsciems o r p u ķ ā Daugavgr īvas c e cietokš ņa V apb ūve L F a lo iv te in s ie i k la el u e a i ie la s ja i Vecdaugava t n a l t A DAUGAVGRDAUGAVGR ĪVAVA Dabas parks Dabas Ī J" "Piej ūra" - parks ST13 Mīlest ības sali ņa "Piej ūra" ST12 Jaunciems Vecm īlgr āvis K ap te ZIEMEZIEME ĻĻBLBL ĀĀZMAZMA iņ la u J" ie i la A s ela ie ug e u us ād eņ ta ar eim D P Kr om bro vs la ka ie ie Daugavgr īva la la a e r i a s t G a in m z a i m D g G E a o l b a a Mīlgr āvis s s i ie e l l a a ST5 J"BOLDERBOLDER ĀĀJAJA a ST6 l e i ja la e v ela i ā tā i a r Pla r Bolder āja e lg z ī 320000 E 320000 M a iel l ā Bu ļļ i Lie M a MANGAMANGA ĻĻII z ā J" K l e i s t u i e D a Voleri l a u g a vg rī va s š o s e Kundzi ņsala ja s 11 t ST k e p s K o le r is p t u a ie r u l Dabas a t s liegums e a i l e i V "Kr ēmeri" a k i a v T Mežaparks K DAUDERIDAUDERI o k J" n e s s e ST8 s kt S e p p a r s o ī ē r o Apz m jumi k r s a p p e Kleisti ST7 n ža d k e t a M s u i g r a Rīgas administrat īvās teritorijas robeža e a l u iel v o ž lla a s V A ie Apkaimes robežas Voleru
    [Show full text]
  • 100Inriga 20190516 210X230.Pdf
    INDEX Introduction to Riga 4 Symbols of Riga 6 Architecture 16 Interesting Neighbourhoods 30 Nature 41 Art and Culture Institutions 52 Restaurants, Bars and Cafes 64 Fashion and Design 78 Active Lifestyle 87 Untraditional Viewpoints 94 Legendary Rigans 102 INTRODUCTION TO RIGA Do you know what’s the one Historically, Riga has always been Today, Riga is a cradle for question about Riga visitors to a crossroads, a melting pot of innovative start-ups, and it prides the city most often ask? No, it’s various nations and cultures. But itself in an excellent music and not about the current economic the unique patina in this city of contemporary art scene, the Song situation or what time of year is more than 600,000 inhabitants Festival (which culminates in an best to visit Riga. In fact, it’s more has in large part also been formed open-air concert with 18,000 of an observation than a question: by the proximity of water – the choir singers) and a dynamic ”It feels like Riga is bubbling Daugava River and the Gulf of gastronomy milieu, in which local over with life and has become Riga. chefs compete in their search for something like the creative ”the flavour of Latvia” and thus epicentre of the Baltics. There’s The city has always lived in close bring an appreciative smile to the so much going on, especially in cooperation with nature, which face of many a gourmet traveller. culture. Why exactly Riga, and is still an important part of its why right now?” residents’ daily lives – the many Riga has a glamorous city centre public parks, forests, squares, as well as a hipster republic.
    [Show full text]
  • 2019 Quality Report on Electronic Communications Services
    APPROVED at the Public Utilities Commission’s Board meeting of 23 April 2020 (minutes No. 19, p. 9) 2019 Quality Report on Electronic Communications Services 45 Unijas Street Riga, LV-1039 Latvia T: +371 67097200 E: [email protected] www.sprk.gov.lv TABLE OF CONTENTS LIST OF ABBREVIATIONS ................................................................................................ 3 LIST OF ABBREVIATIONS OF LAWS AND REGULATIONS ................................................ 4 INTRODUCTION ............................................................................................................... 5 I INTERNET SERVICE ....................................................................................................... 7 1.1. How Internet service measurements are performed .................................................... 7 1.2. Measurement results ................................................................................................. 8 1.2.1. Connection speed ............................................................................................. 8 1.2.2. Latency .......................................................................................................... 14 1.2.3. Jitter .............................................................................................................. 15 1.2.4. Packet loss ratio ............................................................................................. 16 1.3. Summary ..............................................................................................................
    [Show full text]
  • News from the Office
    Hyphen 55 News from the Office Office International du Coin de Terre et des Jardins Familiaux association sans but lucratif | spring 2014 Hyphen 55 | 2015 1 TABLE OF CONTENTS Table of contents: Leading article Specialist gardening advice today and tomorrow is the topic of the Office International’s work during the period 2014–2016 3 In memoriam 3 good friends left us forever 5 Activity report Activity report 2014 6 Decision protocol Decision protocol of the general statutory assembly held in Luxembourg on 27th and 28th February, 2015 9 Diplomas The allotment garden site “Nieuwe Levenskracht” has received the diploma for an ecological gardening 11 The association “Tuinenpark ons Buiten” from Utrecht has received the diploma for an ecological gardening 13 The allotment garden site “Park Groenewoud” in Utrecht, member of the allotment association “De Hoge Weide” has received the diploma for innovative projects. 15 The Allotment site Vallila in Helsinki has received the diploma for innovative projects 17 Actuality theme Brief overview on development and changing popularity trends of allotment gardens in Latvian cities. 19 The allotment garden movement in South Korea: The federation of allotment gardeners in Baden-Württemberg supports this development 23 The social engagement of the allotment gardeners Square-shaped allotment gardens of the Fontaine d‘Ouche district in Dijon 25 Encounters between allotment gardeners in NADESHDA and North Rhine-Westphalia Learning together to preserve the creation 27 Informations from the federations Switzerland: Allotment gardens – Bio gardens: Measures to promote making urban spaces greener 30 Netherlands: Self-managed garden brightens Amsterdam’s warehouse district 33 France: From allotment gardens to community gardens 36 News from the federations 41 Addresses 43 Impressum 44 Hyphen 55 | 2015 2 LEADING ARTICLE Specialist gardening advice today and tomorrow is the topic of the Office International’s work during the period 2014–2016 Peter Paschke, president of Bundesverband Deutscher Gartenfreunde e.V.
    [Show full text]