12 ha development site of national importance available for investors in Valmiera Industrial Park

The auction of development rights for industrial development areas of 12 ha in Valmiera Industrial Park is open - for the construction of industrial buildings, leasehold improvements, internal engineering networks and connections to trunk networks.

By obtaining the rights to use a part of the territory in the open auction of development rights, the entrepreneurs will greatly benefit from access to the public infrastructure of the park, which is being built with the financing of the European Recovery Fund in the amount of EUR 20 million, implementing project No 3.1.1.i.0/1/23/A/CFLA/008 "Development of Valmiera Industrial Park". Investments and support in the Valmiera Industrial Park are intended for smart specialisation companies that produce products with high added value, and will also provide new jobs, with the indicators determined proportionally for each developed land unit. The currently offered 12 ha area is the last available land unit with development rights in Valmiera Industrial Park. In April, a development right agreement was signed with PATA Board Ltd. for a 23.7 ha part of the site.

Construction work is already actively underway at the park site. Concreting of the industrial area (logistics point) for cargo handling and storage (4.6 ha with a load capacity of 60 t) has started, as well as the construction of two public parking areas (for cars and trucks). The construction of the utility corridor (main water supply and sewerage network) on Ozolkalns Road is nearing completion. Construction work has begun to establish a connection between the public railway and the internal railway of the area. The construction of this connection will significantly expand the cargo transportation and logistics opportunities in the Vidzeme region. It should also be mentioned that the territory of the industrial park is planned to be enclosed with a metal panel fence, green infrastructure will be created, and lighting will be provided for the public parking lots, as well as for the railway and road infrastructure.

Importantly, industrial electricity is to be provided to the tenants of the site. The electricity infrastructure will be provided from 31 December 2025 at a capacity of 15 MW and with a power generation capacity of 9.8 MW, and can be increased up to 100 MW if needed for the tenant. 

Another important factor for potential investors will be the duration of the lease or development right, which ranges from 45 to 70 years depending on the size of the investment. In addition, for the first 24 months, the development right holder will pay a reduced development right fee corresponding to 50% of the then current development right fee, and will receive a reduction of 90% of the amount of real estate tax calculated for the tax year until the industrial building is put into operation. 

The oral auction of the development rights will take place on 18 June 2025 in the administration building of Valmiera Municipality Government, Lāčplēša Street 2, Valmiera. More detailed information regarding the requirements for applicants can be found in the auction rules and their annexes (in Latvian) investivalmiera.eu. 

Applicants for development rights may submit their applications until 9 June 2025 at 17:00 (5 PM) EEST.

More information: Lease announced for Valmiera Industrial Park railway and loading/unloading (logistics) area - Valmiera region