Building commences for the coveted Blue Marine undertaking situated at Āgenskalns Bay, a long-anticipated excursion
The Blue Marine residential project, a premium development by Pro Kapital Grupp, has officially broken ground in Riga, Latvia, located at Trijādības street 1A. This riverside project is part of a larger residential initiative and is set to redefine the Riga housing market.
Construction on the Blue Marine project commenced in August 2025, marking the active development phase for this highly anticipated project. Pro Kapital Grupp has established two subsidiaries in Latvia for this project: SIA Pro Kapital Latvia Engineering, responsible for construction project management, and SIA BM Klīversala, created specifically to develop the Blue Marine project. Both subsidiaries are fully owned by Pro Kapital entities.
Pro Kapital Grupp, a leading real estate developer in the Baltic region with over 31 years of experience, is bringing its successful in-house construction model to Latvia. The announced share capitals of the subsidiaries are EUR 5,000 for the engineering company and EUR 2,600,000 for the Blue Marine development company.
Blue Marine will feature 96 premium apartments ranging in size from 38 to 210 m², each with a private balcony or terrace. Strong interest has been noted in spacious apartments with a living area of over 88 m², as well as in two-room apartments.
The project will offer a range of modern amenities, including a private marina for motoryachts, a sports club, and a riverside promenade with a rose garden. Residents can also enjoy the convenience of an accessible underground parking garage.
Pro Kapital Latvia Engineering, the group's construction company, is working on the project. The apartments will be constructed using sustainable finishing materials and engineering systems for superior comfort, energy efficiency, and long-term value.
For those interested in reserving an apartment, reservations are now open. The terms require a 15% initial payment, with the remaining 85% due upon completion. Investors and interested parties are encouraged to follow Pro Kapital Grupp's official communications as they plan to provide additional information through stock exchange disclosures.
Located in the prestigious Klīversala, on the shoreline of Āgenskalns Bay, surrounded by century-old trees, and a short walk from Old Riga and Uzvaras Park, Blue Marine promises unforgettable views of the waterfront, city skyline, and lush greenery. The project is scheduled for handover in Spring 2027.
With a 5-year warranty for the construction works, starting from the moment the building is put into operation, homeowners can rest assured that their investment is protected. Blue Marine is set to become a landmark in the Klīversala Quarter and a testament to Pro Kapital Grupp's commitment to long-term value creation through high-quality, customer-focused real estate projects.
- Investors and interested parties in the Blue Marine residential project can reserve an apartment with a 15% initial payment, with the remaining 85% due upon completion, as reservations are currently open.
- The Blue Marine project, developed by Pro Kapital Grupp, is set to offer modern amenities such as a private marina, a sports club, a riverside promenade with a rose garden, and an underground parking garage, making it an attractive investment option in the environmentally-conscious energy sector of the Latvian real-estate market.
- In the pursuit of long-term value creation, Pro Kapital Grupp is focusing on constructing the Blue Marine project using sustainable finishing materials and engineering systems that ensure superior comfort, energy efficiency, and long-term value, while still maintaining a high-quality, customer-focused approach in the residential sector.
