DNB Latvia branch doubles its office space in 'Jaunā Teika' – reaching 6,000 m²

In response to growth over the past two years, “DNB Bank ASA Latvia branch” has doubled its office space in the “Teodors” building at “Jaunā Teika”, now reaching 6,000 m². “DNB” has become the largest tenant in the district, reinforcing “Jaunā Teika” role as a modern business center in Riga.    

Continuing its development in the Latvian market, “DNB Bank ASA Latvia branch” now employs nearly 600 industry professionals in Riga. As it expands, “DNB” remains committed to creating a modern, technologically advanced, and sustainable work environment – the kind offered by “Jaunā Teika.”    

"At DNB, we see the office as a place where we build our company culture. It’s where we foster a sense of belonging, support one another, and share knowledge and experience. For every team, it's essential to cultivate culture, trust, and collaboration — values that are like fresh produce: they need to be nurtured and maintained continuously. That’s why being together and participating in office community life is so important. Over the years, we've built a strong, professional team that grows alongside our ambitions. We care deeply about having a work environment that supports both productivity and employee well-being and lifestyle. ‘“Jaunā Teika” as a city concept — with its gym, cafés, shops, various services, and vibrant event life — offers something that’s hard to find around other A-class office buildings. Our team, with a relatively young average age, greatly appreciates this environment. Just as important is the open and constructive cooperation with the building owners — all of this contributes to our belief that this is the right place for our future growth," says Svetlana Kočerova, DNB Latvia branch manager.     

"The expansion of the “DNB Bank ASA Latvia Branch” is significant proof that "Jaunā Teika" is able to offer more than just quality space – it is becoming the core of an infrastructure, community and innovation ecosystem. Our approach is based on a long-term vision – providing an environment where companies can operate efficiently, attract talent, and develop international service centers. This growth is an indicator that a new business standard is emerging – based on sustainability, technology and a high-quality working environment," says Viktors Savins, Chairman of the Board of “EfTEN Capital Latvia”.    

The expanded office space is located in one of “Jaunā Teikas” BREEAM-certified buildings, known for its high energy efficiency, low resource consumption, and modern, employee-focused solutions. The new office of “DNB Bank ASA Latvia Branch” has been designed with a strong focus on the everyday employee experience – featuring spacious work areas, comfortable relaxation zones, and direct access to the advantages of the “Jaunā Teika” community, including fitness classes, dining options, and bicycle parking.

“DNB Bank ASA Latvia branch” opened its first office in "Jaunā Teika" in 2018, becoming one of the first tenants of the "Teodors" building. Initially, the leased space was approximately 3,000 m², but now the office occupies half as much, covering the 3rd, 4th and 5th floors of the "Teodors" building. The Latvia branch serves as an important support centre for "DNB" clients in Norway and around the world, providing high-quality services at an international level. 

The long-standing cooperation between “DNB Bank ASA Latvia branch” and “Jaunā Teika,” along with the recent office expansion, highlights the location’s attractiveness and its ability to draw in large, stable, and international companies. “DNB” approach – combining high quality standards with the principles of sustainable development – aligns perfectly with the vision of “Jaunā Teika.”

 

"Jaunā Teika” offers flexible solutions that can be tailored to your business needs, which is particularly important in a period of rapid growth. Modern design, energy efficiency and thoughtful space planning ensure a comfortable and functional working environment, while strengthening the district's position as one of Riga's leading innovation and entrepreneurship hubs.

About EfTEN Capital    

EfTEN Capital is a leading real estate fund management company in the Baltic region, focusing on commercial real estate investments and offering comprehensive asset management services. With a solid track record in diversified property portfolio management, the company aims to provide investors with attractive returns while focusing on responsible investment practices. 

"EfTEN Capital's Latvian portfolio includes: Domina Shopping shopping centre, office complex Jaunā Teika, office buildings Tērbatas Biznesa Centrs, Duntes biroji and Blaumaņa Centrs, headquarters of the Latvian national airline airBaltic, logistics centres "EfTEN Logistics Berģi", "EfTEN Logistics Piepilsētas", "EfTEN Logistics Ķekava" and "DSV logistics centre", business and industrial complex "Tehnoloģiskais parks Jūrkalne" and shopping centre "RAF Centrs" in Jelgava.