Iveta Ardava Appointed Commercial Director of Riga’s Greenest Office Complex 'Verde'

In June this year, high-level real estate expert Iveta Ardava joined the team of the investment management company “Capitalica Asset Management”, becoming the Commercial Director of Riga’s greenest office complex – “Verde”. Her responsibilities will include developing and implementing the commercial growth strategy of the complex, strengthening and building relationships with existing and prospective tenants, and driving “Verde’s” expansion towards its vision of becoming not only the greenest but also the most desirable business district in Latvia.

Previous experience

Iveta Ardava holds a Bachelor’s degree in Law and has over 20 years of experience in the real estate sector. More than 15 of those years were spent at “CBRE Baltics” as Head of Retail Asset Management, where she oversaw property management and leasing processes for a broad portfolio of retail properties across the Baltics, as well as in the office segment.

Focus – new development phases and high tenant satisfaction

In her new role, Iveta Ardava will focus on enhancing “Verde’s” commercial strategy, elevating the tenant experience, and driving the sustainable growth of the complex. One of her key strategic priorities will be to ensure high satisfaction among existing tenants in the A and B buildings. while professionally overseeing the development process of the upcoming C and D buildings – from the start of construction through to successful leasing.

Iveta Ardava, Commercial Director of „Verde“ says: “My main ambition is to strengthen Verde’s position as the most recognized and desirable business district in Riga - a place where A-class quality is reflected in every detail, including an unrivalled green environment both indoors and outdoors. To companies currently considering a move to a new BREEAM-certified office in the coming years – especially in a prime location at the very gateway of Riga’s modern business district Skanste – I warmly invite you to get in touch. I’d be glad to meet and explore together how we can find the most suitable space, floor, and view for your company in the new Verde buildings, which will offer a total leasable area of 22,500 m²”. 

She adds: “Most importantly, by choosing to establish your office in the next phase of Verde, your company is choosing not only energy-efficient architecture, but also a truly green lifestyle – quite literally. The rooftop gardens on both buildings, with a combined area of 3,000 m², will offer lush greenery and inspiring 360-degree panoramic views over Riga’s city center. And yes – the first tenants will be able to move in as early as spring 2027”. 

Andrius Barštys, CEO of Capitalica Asset Management, comments: “We are truly pleased to welcome Iveta to our team! Her extensive experience and deep knowledge in commercial property management and leasing across the Baltics will be an important contribution to the next development stage of Verde. I am confident that Iveta’s professionalism and strategic approach will provide a strong boost to the project’s growth. We invite existing and prospective tenants to take advantage of this dynamic phase of development and become part of a forward-thinking, green business community where collaboration with the developer is built on trust, sustainability, and long-term partnership“. 

As previously announced, Capitalica Asset Management continues to reinforce its long-term growth strategy in Latvia by investing over EUR 70 million in the third and fourth phases of the Verde office complex – the development of buildings C and D (at 14F Hanzas Street, Riga). The project is being implemented by the Capitalica European Office Fund, which specializes in sustainable office solutions across the Baltics. On June 10, 2025, approval for the minimum composition of the construction design documentation was received from the Riga City Development Department, and construction is scheduled to begin later this summer. 

The first development phase of Verde – buildings A and B – is fully leased and currently home to 27 companies from sectors such as IT, finance, pharmaceuticals, energy, law, and others. Tenants include Tietoevry Latvia, Swisscom, Roche, Indexo, Decta, KPMG Latvia, Enefit, Workland, Swetch, VIA SMS Group, IGK AG, Also Cloud, Marsh, Worldline, RockBridge Legal, Jaunzars un Partneri, AMPR Services, B2 Impact, Katz interior studio, as well as SilverCut hair salon, Vividerm dermatology clinic, Moltto Coffee café, and Dia 36. Line restaurant

More information about “Verde”: www.verde.lv