A residential property formerly owned by Granita Industries has entered a new chapter following a significant redevelopment program completed by EfTEN Capital under its new residential brand, Easy Riga.
The 12-storey building, acquired by EfTEN in 2023, has undergone a comprehensive modernization and transformation, resulting in 102 fully furnished rental apartments designed to meet the needs of today’s urban residents. The project represents an investment exceeding €7.5 million and stands as a notable example of successful urban revitalization in Riga.
The redevelopment transformed a former Soviet-era residential building into a modern rental community featuring upgraded engineering systems, contemporary interiors, smart building technology, shared amenities, and energy-efficient solutions. The project has attracted strong market interest and has been recognized within the Baltic real estate sector for its contribution to urban renewal.
For Granita Industries, the project reflects a long-standing approach to identifying and managing assets with future development potential. The successful transformation of the property by EfTEN demonstrates how strategic investment and professional asset management can create lasting value for both investors and local communities.
Today, that same philosophy continues through Baltica Industrial Park, where ongoing investments in infrastructure, sustainability, and logistics services support the next generation of industrial and commercial growth.
