Start of construction works on the Blue Marine and establishment of subsidiaries in Latvia

Core Viewpoint - AS Pro Kapital Grupp has commenced construction of the Blue Marine residential building, marking a significant phase in the development of the Klīversala Quarter in Riga, which is located in a UNESCO heritage protection area [1][2]. Group 1: Project Overview - Blue Marine is a 7-storey residential building featuring 96 apartments with layouts ranging from 1 to 5 rooms, designed to offer a luxurious lifestyle [2]. - The project emphasizes contemporary architecture, high-quality materials, and a sustainable living environment, including energy-efficient solutions and a landscaped courtyard [2]. Group 2: Architectural and Management Details - The architectural design is led by Aivars Kagainis from Project Office Grietēns and Kagainis, with interior design by Jana Korolova and Andrey Korolyov [3]. - Two subsidiaries were established in June 2025 for project management and development: SIA Pro Kapital Latvia Engineering and SIA BM Klīversala, with respective share capitals of EUR 5,000 and EUR 2,600,000 [3][4]. Group 3: Corporate Impact - The establishment of these subsidiaries is not expected to significantly impact the economic activities of AS Pro Kapital Grupp, and further updates will be communicated to investors through the Stock Exchange system [5].