PROVENDI ASSET MANAGEMENT

Low cost asset manager, currently managing a fund
focused on the local Baltic real estate market.

€ 215M AUM

assets under management

500+ TENANTS

reliable and recognizable tenants

13 ASSETS

high-quality residential and commercial real estate

Office building Z1

Address: Zala street 1, Riga

Area: 3,629 m2

Status: Fully renovated (2009)

Aloja Business Centre

Address: Kr. Valdemara street 62, Riga

Area: 8,359 m2

Status: Construction completed in year 2009

Alojas Kvartāls

Address: Kr. Valdemara street 62A, Riga

Area: 1,754 m2

Status: Construction completed in year 2004

Auriga retail centre

Address: Tallinn street 88, Kuressaare, Saaremaa Island, Estonia

Area: 13,552 m2

Status: Completely reconstructed (2016-2023)

Damme retail centre

Address: Kurzemes prospekts 1A, Riga

Area: 13,728 m2

Status: Completely renovated (2017)

Kr. Barona street 20/22

Address: Kr.Barona street 20/22, Riga

Area: 2,739 m2

Status: Renovation of the facade (2019), rebuilding of the 1.floor (2024)

Olimpia retail centre

Address: Azenes street 5, Riga

Area: 22,463 m2

Status: Fully renovated (2021-2023)

DEPO DIY retail centre

Address: Klaipėda street 145, Panevėžys, Lithuania

Area: 19,600 m2

Status: 0pened in 2016

Elizabetes street 89

Address: Elizabetes street 89, Riga, Latvia

Area: 3,917 m2

Status: Renovated (2023)

Pulkveza Brieza street 10

Address: Pulkveza Brieza street 10, Riga, Latvia

Area: 3,701 m2

Status: Renovated (2023)

Kr. Valdemara street 61

Address: Krisjana Valdemara street 61, Riga, Latvia

Area: 2,738 m2

Status: Renovated (2024)

RIMI Tukums retail centre

Address: Pasta street 14, Tukums

Area: 4,215 m2

Status: Reconstructed (2014)

RIMI Gaiļezers retail centre

Address: Gailezera street 8, Riga

Area: 7,952 m2

Status: Reconstructed (2019)

€ 215M AUM

assets under management

500+ TENANTS

reliable and recognizable tenants

13 ASSETS

high-quality residential and commercial real estate

Office building Z1

Address: Zala street 1, Riga

Area: 3,629 m2

Status: Fully renovated (2009)

Aloja Business Centre

Address: Kr. Valdemara street 62, Riga

Area: 8,359 m2

Status: Construction completed in year 2009

Alojas Kvartāls

Address: Kr. Valdemara street 62A, Riga

Area: 1,754 m2

Status: Construction completed in year 2004

Auriga retail centre

Address: Tallinn street 88, Kuressaare, Saaremaa Island, Estonia

Area: 13,552 m2

Status: Completely reconstructed (2016-2023)

Damme retail centre

Address: Kurzemes prospekts 1A, Riga

Area: 13,728 m2

Status: Completely renovated (2017)

Kr. Barona street 20/22

Address: Kr.Barona street 20/22, Riga

Area: 2,739 m2

Status: Renovation of the facade (2019), rebuilding of the 1.floor (2024)

Olimpia retail centre

Address: Azenes street 5, Riga

Area: 22,463 m2

Status: Fully renovated (2021-2023)

DEPO DIY retail centre

Address: Klaipėda street 145, Panevėžys, Lithuania

Area: 19,600 m2

Status: 0pened in 2016

Elizabetes street 89

Address: Elizabetes street 89, Riga, Latvia

Area: 3,917 m2

Status: Renovated (2023)

Pulkveza Brieza street 10

Address: Pulkveza Brieza street 10, Riga, Latvia

Area: 3,701 m2

Status: Renovated (2023)

Kr. Valdemara street 61

Address: Krisjana Valdemara street 61, Riga, Latvia

Area: 2,738 m2

Status: Renovated (2024)

RIMI Tukums retail centre

Address: Pasta street 14, Tukums

Area: 4,215 m2

Status: Reconstructed (2014)

RIMI Gaiļezers retail centre

Address: Gailezera street 8, Riga

Area: 7,952 m2

Status: Reconstructed (2019)

€ 215M AUM

500+ TENANTS

13 ASSETS

Office building Z1

Address: Zala street 1, Riga

Area: 3,629 m2

Status: Fully renovated (2009)

Aloja Business Centre

Address: Kr. Valdemara street 62, Riga

Area: 8,359 m2

Status: Construction completed in year 2009

Alojas Kvartāls

Address: Kr. Valdemara street 62A, Riga

Area: 1,754 m2

Status: Construction completed in year 2004

Auriga retail centre

Address: Tallinn street 88, Kuressaare, Saaremaa Island, Estonia

Area: 13,552 m2

Status: Completely reconstructed (2016-2023)

Damme retail centre

Address: Kurzemes prospekts 1A, Riga

Area: 13,728 m2

Status: Completely renovated (2017)

Kr. Barona street 20/22

Address: Kr.Barona street 20/22, Riga

Area: 2,739 m2

Status: Renovation of the facade (2019), rebuilding of the 1.floor (2024)

Olimpia retail centre

Address: Azenes street 5, Riga

Area: 22,463 m2

Status: Fully renovated (2021-2023)

DEPO DIY retail centre

Address: Klaipėda street 145, Panevėžys, Lithuania

Area: 19,600 m2

Status: 0pened in 2016

Elizabetes street 89

Address: Elizabetes street 89, Riga, Latvia

Area: 3,917 m2

Status: Renovated (2023)

Pulkveza Brieza street 10

Address: Pulkveza Brieza street 10, Riga, Latvia

Area: 3,701 m2

Status: Renovated (2023)

Kr. Valdemara street 61

Address: Krisjana Valdemara street 61, Riga, Latvia

Area: 2,738 m2

Status: Renovated (2024)

RIMI Tukums retail centre

Address: Pasta street 14, Tukums

Area: 4,215 m2

Status: Reconstructed (2014)

RIMI Gaiļezers retail centre

Address: Gailezera street 8, Riga

Area: 7,952 m2

Status: Reconstructed (2019)

About Us

The path to Baltic
real estate investments

SIA Provendi Asset Management AIFP is an alternative investment fund manager, registered with the Bank of Latvia.

Provendi Asset Management was established by IPAS Indexo and private partners in 2022. It is located in Riga, Latvia, but operates in the Baltic region.

The managerial team has more than 20 years of experience in investment, commercial bank and real estate sectors. At present SIA Provendi Asset Management AIFP manages Provendi Real Estate Fund.

News

Jun 8, 2026

Indexo Real Estate Fund changes its name

Apr 20, 2026

Provendi Asset Management expands its portfolio with the acquisition of three commercial properties in Riga

Feb 24, 2026

Value of the Indexo Real Estate Fund portfolio managed by Provendi Asset Management has almost quadrupled in two years

Jan 27, 2026

Ilze Jansone Joins the Management Team of Provendi Asset Management AIFP

ALL NEWS

Fund

Provendi Real Estate Fund is an independent real estate investment fund established at the end of 2022 and managed by SIA Provendi Asset Management AIFP.

The Fund’s objective is to invest in a portfolio of quality, low-risk Baltic real estate – office, retail, residential, logistics and industrial buildings with stable cash flows.

The fund’s mission is to provide competitive and safe investment possibilities for institutional and private investors in the Baltic real estate market, thus contributing to the development of the local economy.

Team

You will benefit from our highly experienced team that brings a wealth of knowledge to real estate investment and asset management.

Management

Our team consists of professionals with long-standing expertise in active management, private equity, and real estate markets.

We provide full investment cycle oversight – from strategy development and project management to stringent risk control, compliance assurance, and legal supervision.

Kristaps Bērziņš

CEO and co-founder

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Sanita Zērvena

Investment Director

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Kristaps Zakulis

Board member

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Ilze Jansone

Finance Director

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Madara Brokāne

Management Assistant

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Supervisory Board

Thanks to the long-standing experience of the Supervisory board members in the banking and investment sectors, we guarantee a competent approach to investment management that meets the highest industry standards.