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Press release: The embedding of a time capsule marks the inauguration of a Logistics Centre expansion project implemented by Capital Mill

In cooperation with the developer and investor Capital Mill, an inauguration ceremony for the AS Antalis Logistics Centre expansion project took place on 16 June in Stopiņi Parish, Ropaži District. The event was attended by representatives of the municipality, constructor and developer, marking the important expansion of the warehouse, appreciating the building’s sustainability and embedding a time capsule in its foundations for future generations.

The investor and developer Capital Mill is an Estonian investment company investing in commercial real estate in Latvia, Lithuania and Estonia. The company manages a number of projects in the Baltics with a total asset value of approximately EUR 450 million. Since 2017, more than EUR 51 million has been invested in the Latvian market. According to Capital Mill Real Estate Development Project Manager Valdis Silnieks, “Antalis is an ambitious, stable and growing company, so we are delighted to build on our current warehouse expansion and provide our tenant with solutions that meet contemporary requirements.”

Antalis has been operating in Latvia for 29 years. The company’s team currently consists of 70 employees, operating in five sectors: papers, materials for printing and office, hygiene products and solutions for public spaces, visual communication materials and equipment, as well as products, materials, equipment and solutions for packaging. As the company has evolved over time and always strives to stay one step ahead of customer and partner expectations, the expansion of the Logistics Centre is the next step for the company and the developer Capital Mill, which will open new opportunities in product range expansion and customer accessibility, especially in the promising area of packaging products, materials, and solutions. The total warehouse area of the Logistics Centre will be an impressive 10000 m², thanks to the addition of an extra 3300 m².

“We are pleased that Antalis has been operating in Stopiņi Parish for more than 20 years and continues to steadily grow and develop. Every development of the company is an added value for the municipality and our residents, providing jobs. Moreover, the company is socially responsible and is a long-standing cooperation partner of the municipality – we are all happy about the oaks planted in Līgo Park on the occasion of the company’s 20th anniversary, and there has been good cooperation with Ulbroka School of Music and Art in the implementation of various projects. We are very grateful for this and wish to continue this stable and sustainable growth!” said Vita Paulāne, Ropaži District Council Chair.

The project inauguration event was also attended by the building’s constructor Mitt&Perlebach for which this is the first project in Latvia in partnership with Capital Mill. “We have been working on this new and modern warehouse project for some time, and I am really pleased to see the start of construction. Our cooperation with Capital Mill has been very smooth and professional during the design phase, and I trust that this will continue during the construction phase. Even though the situation in the construction market is still uncertain, I am confident that we will meet all our commitments and deliver the building to the client on schedule,” explained Mitt&Perlebach CEO in Latvia Allan Mahkvei.

The Logistics Centre expansion project has also been awarded the BREEAM (“Building Research Establishment Environmental Assessment Method”) certificate for its design stage. This prestigious recognition certifies that the building meets the highest standards of energy efficiency and sustainability, providing the friendliest solutions for both the environment and people. This type of building assessment is internationally recognised and is currently the most widely used system in Europe, including Latvia and the Baltic States. “We are delighted to be working with Capital Mill in the sustainable building sector – it is very gratifying that even in such challenging times, sustainability remains an asset in both construction and renovation work. We would like to thank the whole team for the successful cooperation during the design phase so far – we look forward to working on the construction of the building,” said Aļona Purvlīce, Senior Sustainability Consultant at VESTA Consulting and international sustainable construction assessment scheme BREEAM assessor.

The construction of AS Antalis expanded Logistics Centre will be completed by the middle of 2023. We invite you to keep track of the project’s news on the homepage of the developer and investor Capital Mill.


For additional information, please contact:

Ieva Grīnerte

Capital Mill CEO in Latvia