COBALT advised SEB on lease of new office premises for the Group’s business services centre in Riga

SEB Group’s business services centre in Riga has signed an agreement with the real estate developer GALIO Group about moving its office to a newly constructed business centre GUSTAVS at Gustava Zemgala gatve 73 at the beginning of 2023.

The construction of the new building will start this summer. SEB will occupy approximately 11 000 square meters to accommodate more than 1000 employees. It will be a six-storey building, designed and built according to sustainability requirements of BREEAM Excellent Certificate.

This is the largest speculative take-up deal in the last ten years in Latvia as well as the largest deal in Baltics in 2021.

COBALT team including Managing Partner Dace Silava-Tomsone provided legal assistance to SEB in negotiations with the developer and signing of lease agreement.

Colliers team assisted SEB in selecting the new office project and negotiating the agreement with the developer.

SEB announcement.