Top 10 investable projects: University of Latvia Academic Centre

Project overview

The Academic Centre of the University of Latvia in Torņakalns is one of Europe’s most modern university study and research complexes. Spanning 10 ha on the left bank of the Daugava River, it serves as a hub for innovation, talent development, and collaboration.

The Centre is strategically located within Riga’s “Knowledge Mile”, fostering interdisciplinary synergy among academic and scientific institutions, including Riga Technical University and the National Library of Latvia.

The opportunity

The University seeks €150 million in investments to expand the Academic Centre with facilities such as a sports complex, healthcare infrastructure, student dormitories, sustainable parking, childcare facilities, a technology transfer centre, and advanced green energy projects.

The investment will support the further development of a globally recognised academic and research hub.

Financials

Development Period: 2014-2029
Completed Investments: €130 million (funded by property sales, EU structural funds, and international loans)
Future investment needs: €150 million

Project sponsor

The project is sponsored by the University of Latvia and supported by Riga City Council, which has designated the Academic Centre as a smart city technology pilot area.

Significance

This development will centralise the University of Latvia’s activities, supporting more than 16,000
students and 2,000 staff. It will boost Latvia’s position in global academia, stimulate innovation,
and enhance the local economy by creating cutting-edge facilities and sustainable infrastructure.

Pitch

The Academic Centre represents a unique investment opportunity within Riga’s “Knowledge Mile”, offering state-of-the-art facilities in a strategically located research and education hub.

Its interdisciplinary environment, modern infrastructure, and designation as a smart city pilot
area make it a vital contributor to Latvia’s economic and innovation ecosystems.