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AKROPOLE multifunctional shopping and entertainment center commissioned

2019-03-19

The Riga city construction authority has commissioned the building of AKROPOLE multi-functional shopping and entertainment center. The new shopping and entertainment center will open its doors to visitors on 4 April 2019.

The gross building area is 98,000 square meters which includes the most modern shopping and entertainment center in Latvia, as well as 9,000 m2 of office space. The total investments, including in transport infrastructure and territory, reach almost EUR 180 million.

The center will house 170 tenants, including fashion and lifestyle stores, cafes, restaurants, an ice hall, a gym and cinema with 9 screening rooms and the only IMAX screening room in Latvia.

COBALT is proud to have assisted the developer of the project, SIA M257, at various stages of the process in connection with contractual, construction and finance matters. COBALT team included Managing Partner Dace Silava-Tomsone, Partners Toms Šulmanis and Gatis Flinters, and Senior Associate Inga Tenisa.