Place Eleven will be the most sustainable and one of the largest class A office buildings in Riga. Construction of the complex is to be completed at the end of this year. The 14-story office building will have an extensive green roof terrace, multistorey parking lot for 400 cars and 80 bicycles. The total area of the complex will be 24,000 m2 and offices will occupy 15,000 m2.

“VISMA is a dynamic, leading player in its industry with strong growth prospects. The fact, that it will become the anchor tenant for Place Eleven, shows, that we were right in strategically developing Place Eleven as a new, sustainable kind of offices. At Place Eleven we have placed a lot of emphasis on the convenience and design of the strategically placed office building, with special attention devoted to the sustainability of the office space – environmentally friendly materials, plenty of light and fresh air, the most modern water and waste management. This results in a pleasant ambience and highly productive working environment for our business tenants,” says Mindaugas Valuckas, CEO of Hanner Group

“VISMA multinational business is built on the foundation of efficiency – in how we operate ourselves and what we offer our clients. We need the best people to do that. Finding the right new base for our companies in Riga is part of our business drive to attract and retain the best talent in our business. We are confident, that Place Eleven will be just such a space – modern, spacious, collaborative and with the right feel to bring out the best in our business,” says Antra Zālīte, Member of the Board of SIA Visma Enterprise and SIA Visma Consulting.    

Visma is the leading Nordic business IT company. At the moment there are three Visma companies in Latvia and total number of employees exceeds 200. In Latvian market Visma is known with its locally developed ERP system Visma Horzion, recruitment solution Visma EasyCruit, business intelligence solutions and custom development and system integration projects. SIA Visma Labs focuses on delivering high added-value services to other Visma companies in Norway, Sweden and other Nordic countries.

“Place Eleven, with its combination of location, design and sustainability, provides an unusual mixture to the local office space market and sets high standards for new office development in Riga. We see, that the leading business organizations no longer look for just the right size and price of their offices. Sophisticated businesses look for a place, that is right for their operational philosophy with strong emphasis on employee satisfaction. Place Eleven, with its sustainability promise and convenience, offers a valuable proposal to businesses, which are competing for the best employees,” says Eriks Bergmans, Director of Brokerage at Colliers International, the real estate consultant. 

Earlier this year, Place Eleven received the BREEAM New Construction offices certificate, which affirms that Place Eleven is being developed in accordance with the highest requirements of sustainable construction. BREEAM certification means, that the office building is constructed with the right combination of environmentally friendly planning, technologies and materials, providing a more healthy and pleasant working space for its tenants.

Place Eleven received the BREEAM Excellent level certificate, scoring the highest marks in energy consumption, transport, and water consumption management categories. Highest score in energy consumption for Place Eleven also means substantially lower operating and maintenance costs, including lower utility bills.

In addition, Place Eleven also won the first place in the nomination for The Most Sustainable Project in Latvia in 2015.

Hanner Group is the developer of the Place Eleven office complex, SIA Alfa Constructions – the Latvian subsidiary of Hanner Group – is the general contractor.