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The first outlet village in the Baltic states

Idea

New shopping, holiday and tourism destination in the Baltic region – Riga Outlet Village

An attractive shopping village with up to 120 premium brand stores, restaurants, cafes and other leisure services

Leasable area for shopping, catering and leisure: 10 000 m2

The first phase will open in 2022

Location

Best possible location in the Baltic states

  • Next to Riga bypass highway
  • 18 km (25 minutes drive time) from the centre of Riga - the largest city in the Baltic region
  • Public transportation - bus to Riga City
  • Two other Baltic capital cities - Vilnius and Tallinn are located in equal distance - 300 km (3 h 50 min drive time)
  • 30 km (35 minutes drive time) from the largest airport in the region - Riga airport (6.1 million passengers served in 2017)
  • Within 1 hour driving distance is located whole agglomeration of Riga with 1 million inhabitants
  • Within 4 hours driving distance there are living 5.6 million people including the inhabitants of other Baltic capitals - Tallinn and Vilnius

Development and profit

10 000 m2 large area of the property allows development in several phases

  • First phase: 10,000 m2 providing the services of outlet village to be opened by the end of 2022
  • Second phase: additional 10,000 - 15,000 m2 of outlet village to be opened by the end of 2024
  • Optional third phase involving development of additional outlets, hotel or business space


Riga Outlet Village has the potential to attract estimated EUR 100 - 110 million sales per year and profitability of the project reaches 19,85%

The economic growth of the Baltic region is one of the fastest in Europe: most likely the financial indicators of Riga Outlet Village will exceed the forecasts.

What is outlet village?

A possibility for clients to buy designer labels on discount prices (up to 70%) directly from the manufacturers.


In order to attract more customers, shops – outlets of diverse manufacturers – are grouped together in specific locations which are convenient for clients.

Shopping in outlet villages is special event for families: frequently most of the clothing of family is purchased in outlets.


This shopping trip is planned well ahead and outlet village is preferred if it:

  • Has wide choice of labels and low prices
  • Is located in a convenient location
  • Is attractive and offers additional services, e.g. good restaurants and leisure activities


Concept developed in the United States since the 1970ies and in Europe since the 1990ies.

The concept of outlet villages is successful, it holds the competition with the online trade very well.

Contacts

"Riga Outlet Village" SIA
VAT code: 40203080528
Adress: Riga, Gunara Astras iela 5C, LV-1084

Email: info@outletriga.lv

Web: https://outletriga.lv

Tel: +371 23276324

JSC "LPB Bank"
Brivibas street 54, Riga, LV-1011
SWIFT: LAPBLV2X
Account: LV51LAPB0000126054555