Top CEE investable projects 2026: RIX Airport City, Riga, Latvia
Project overview
RIX Airport City is a 24-hectare mixed-use development adjacent to Riga International Airport, the largest aviation hub in the Baltic region. Conceived as an integrated business, logistics and services cluster, the project will leverage direct access to air transport, road networks and the future Rail Baltica high-speed corridor.
Located just 15 minutes from Riga city centre, the development will deliver up to 340,000 sq m of gross floor area across a range of uses, creating a connected platform for regional and international business activity.
The opportunity
The project provides multiple entry points for investors, from individual plot development to larger-scale participation across logistics, office, commercial and service assets. It is positioned to attract a broad range of occupiers, including logistics and e-commerce operators, corporate headquarters, aviation-related services and hospitality providers.
With strong underlying demand driven by passenger and cargo growth, the development is particularly suited to sectors such as smart manufacturing, IT, life sciences and MICE-related activities. Its location within a major transport node offers a natural advantage for companies seeking regional connectivity and operational efficiency.
The financials
The total investment potential is estimated at approximately €300 million, with development phased over time to enable flexible capital deployment. The scheme allows for a diversified revenue profile across logistics, commercial, office and service-oriented real estate.
Returns are expected to be supported by the continued growth of Riga Airport, which currently serves more than 7 million passengers annually, and which is projected to reach around 10 million by 2040. The combination of transport-driven demand and mixed-use functionality provides a stable long-term investment framework.
Project sponsor
The project is led by RIX Riga Airport, a fully state-owned entity and the principal aviation gateway of Latvia and the Baltic region, providing strong institutional backing and long-term strategic alignment.
Significance
RIX Airport City will play a key role in strengthening Latvia’s position as a regional transport and business hub, supporting increased trade, connectivity and foreign investment. The development is expected to generate employment across multiple sectors while fostering the growth of innovation-driven industries linked to logistics, aviation and technology.
The pitch
RIX Airport City offers a strategically located, infrastructure-led development platform anchored in one of Northern Europe’s fastest-growing aviation hubs. Combining multimodal connectivity with a flexible, mixed-use concept, it enables investors to access a wide range of asset classes within a single scheme.
With strong demand drivers, institutional support and scalable delivery, the project presents a compelling opportunity to participate in the long-term growth of the Baltic region.
