Logistics real estate developer \u201cSIRIN Development\u201d plans significant investments in the areas adjacent to Riga Airport in the coming years.<\/p>\n\n\n\n
It has also been decided to rename the logistics park near the airport from \u201cSIRIN Park M\u0101rupe\u201d to \u201cSIRIN Park Airport.\u201d<\/p>\n\n\n\n
In the first half of the year, it is planned to fully complete the ongoing construction works of the second phase of \u201cSIRIN Park Airport\u201d and to build a second warehouse building, resulting in more than doubling the warehouse space to nearly 60,000 square meters.<\/p>\n\n\n\n
Edvinas Navickas, Head of Business Development at \u201cSIRIN Development,\u201d says: \u201cIn 2027, we plan to begin the third phase of the park\u2019s expansion, marking the next significant step in the long-term development of \u2018SIRIN Park Airport.\u2019 On an area of nearly 22 hectares, we plan to build high-class logistics warehouses and business service facilities. This will allow us to further strengthen \u2018SIRIN Park Airport\u2019 as a strategic logistics and transportation hub. The quality and scale of the logistics park will offer partners a new type of modern logistics ecosystem that is competitive at the European level.\u201d<\/p>\n\n\n\n
All new buildings in \u201cSIRIN PARK AIRPORT\u201d will be constructed in accordance with the highest sustainability and efficiency standards. The new warehouses will have a height of 12 meters, significantly increasing storage capacity and providing additional competitive and energy efficiency advantages. BREEAM certification and an A++ energy efficiency class will ensure low maintenance costs and environmentally friendly solutions.<\/p>\n\n\n\n
The first phase of \u201cSIRIN Park Airport\u201d was opened in March 2025. During this phase, warehouses covering 27,000 square meters were built, with total investments reaching 20 million euros.<\/p>\n\n\n\n
Overall, \u201cSIRIN Development\u201d manages 11 logistics parks across the Baltic states: three in Riga (including the under-construction \u201cSIRIN Park Dreili\u0146i\u201d), three in Vilnius, three in Kaunas, and two in Tallinn. According to the company\u2019s development plans, it aims to invest 85 million euros in the Baltic countries this year, constructing 127,000 square meters of logistics buildings in Riga, Vilnius, Kaunas, and Tallinn. Approximately 43% of the planned investment portfolio will be allocated to Lithuania, 40% to Latvia, and 17% to Estonia.<\/p>\n\n\n\n