Linstow Baltic has announced SEB Bank has officially opened its new central office in Latvia in a leased space in the Satekles Biznesa Centrs in Riga.
Satekles Biznesa Centrs is a Class A office complex developed by Linstow Baltic as part of “its strategic vision for the transformation of ‘Riga’s Central Business District’. The project aims to create a modern, high-quality, and competitive business environment in the heart of the capital, combining advanced standards of quality, energy efficiency, and design.”
Construction of the complex began in March 2023 and commissioning was completed in June 2025. According to the developer, SEB Bank serves as the anchor tenant, while an additional 1000 square meters of office and commercial space remains available for other tenants, offering flexible layouts from 120 to 400 square meters per floor.
“SEB Bank relocation to Satekles Biznesa Centrs represents an important milestone not only for this project but also for the development of ‘Riga’s Central Business District,'” commented Linstow Baltic Chairman of the Board Frode Gronvold. Long-term cooperation with a strong and forward-looking financial institution such as SEB Bank significantly enhances the area’s attractiveness and competitiveness, reinforcing Riga’s status as one of the leading business centres in the Baltics. Satekles Biznesa Centrs stands as a prime example of sustainable architecture, demonstrating how high-quality real estate development can drive urban transformation and economic growth while fostering a modern and future-oriented business environment in the very heart of Riga.”
“We deliberately chose our new office location right in the heart of Riga – both for its accessibility and to promote sustainable mobility, as well as because we want to be part of the story of the city centre’s development and revitalization,” added SEB Bank Chief Executive Officer Ieva Tetere. “We have been involved in this office complex’s development from the very beginning, which means the SEB Bank office building was designed and built in close cooperation with the developers, architects, builders, and other partners to fully meet our needs and vision. Importantly, the office was created with a strong focus on fostering collaboration among colleagues and achieving the highest sustainability standards – both for today and for future generations. We believe that the new generation will truly value the opportunity to work in a modern, comfortable office located in the very centre of the city.”
Sorainen has advised Linstow Baltic on the lease and Cobalt advised SEB Banka (as reported by CEE Legal Matters on November 12, 2025).
Image source: linstowbaltic.lv