Real Estate Funds vs. Direct Property Ownership: What’s Right for You?
March 6, 2026
Real Estate Funds vs. Direct Property Ownership: What’s Right for You?
March 6, 2026
We’re pleased to announce that RIB (Regional Investment Bank) has approved €1.6 million in financing for our latest residential development project in Riga’s historic center. This investment enables us to continue delivering quality rental housing in one of the city’s most desirable neighborhoods.
The financing will support the complete renovation of a five-story building at Ģertrūdes iela 133, transforming it into 33 modern rental apartments. The project focuses on comprehensive improvements — from updated building systems and energy efficiency upgrades to modernized interiors that meet today’s rental market standards.
Located in Riga’s Centrs district, the property sits in an area with strong rental demand, excellent walkability, and access to the city’s best amenities. Once completed, these apartments will provide quality housing for families and professionals looking to live in central Riga.
RIB’s financing demonstrates confidence in our track record and approach to residential real estate development. The bank has been actively supporting innovative real estate projects that improve housing quality and contribute to urban revitalization across Riga and Latvia’s regions.
This marks another milestone in our ongoing relationship with RIB and reflects their commitment to backing projects that deliver both strong returns and positive community impact.
With financing secured, we’re moving into the active development phase. Our construction and project management teams will oversee renovations, ensuring the work stays on schedule and meets our quality standards. We expect the building to be ready for tenants in [timeframe – if known].
This project adds to our growing portfolio of 240+ residential units across Latvia and reinforces our position as a leading residential real estate fund in the Baltic market. View all Vicman’s capital track record projects.
Read the full coverage in Dienas Bizness → [link to article]
Source: Dienas Bizness, March 6, 2026
