LNK Properties acquires the first Art Nouveau building in Riga, on Audēju Street 7

LNK Properties has purchased a historic Art Nouveau property in the Old Town of Riga, located on Audēju Street 7, for 1.67 million euros. After reconstruction, the lower floors of the building will accommodate commercial premises and offices, while the upper floors will feature premium-class apartments.


"We aim to restore the building's original historical form and charm while infusing it with new functionality," said Aleksandra Strode, a board member of LNK Properties and head of the residential real estate department. She emphasized the cultural and historical value of the building and its potential. The building has been rented out in recent years, and is part of a complex of residential premises of national architectural significance, including the buildings on Audēju Street 9 and 11.


"With the reconstruction of this Art Nouveau gem, LNK Properties not only expands its portfolio of residential properties but also contributes to the preservation and development of Riga's historical city center. Following the example of other European countries, the building's unique history and facade is included in Latvia's tourist routes and guidebooks. It is a great honor for us to undertake this project, as it is a calling card of the Old Town. By combining the latest construction technologies with innovations in energy efficiency and environmentally friendly approaches, we are providing new architectural solutions. This benefits not only the city and the local residents but also creates a favorable environment for business development, promoting the overall benefit of the society. We already have extensive experience in building reconstruction. Previous LNK Properties projects include an Art Nouveau residential building on Antonijas Street 20 in the quiet center of Riga, Hanzas Street 2A, the “Draudzība: shopping center on Tilta Street 32, and others. Therefore, this project is a natural continuation of the work of our professional team," emphasized A. Strode.


The building was constructed in 1899 according to the project by architects Alfrēds Ašenkampfs and Maks Šervinskis. It is a luxurious multi-story brick building in the Art Nouveau style, adorned with stylized plant illustrations on its facade. The top floor is designed as a mansard. Moreover, it is the first Art Nouveau building in Riga, with a total area of 2026.8 m² and an adjacent land area of 470 m². Being a classic example of decorative Art Nouveau, the building has asymmetrical facade arrangement and original layout, where the ground and first floors consist of shops and offices, and the upper floors house apartments.