The 92 584-square-meter plot of land in Riga, Krustpils street 63 was acquired from Latvia’s State Joint Stock Company „State Real Estate” in the auction held in July, 2018 for 886 500 euros and as a considerable factor to conclude the deal was the land is located nearby company’s headquarter in Riga, Krustpils street 53. The deal was concluded to develop an innovation centre, which is planned to boost necessary production capacity and meets the vision of Grindeks strategic development. This development plan includes building new manufacturing units that will meet specific requirements, as well as creating modern laboratories and logistics centre.

In the near future Grindeks will start to develop detailed project of innovation centre’s development, territory’s modernization plan and calculate necessary investments.