IPAS "Indexo" (hereinafter - INDEXO) has signed a long-term lease agreement with the "Verde" office complex (hereinafter - Verde). According to the agreement, both the INDEXO pension management company and the central office of the INDEXO new bank will be in the office building. The INDEXO team will occupy the entire 4th floor of the A building, covering an area of over 1500 m². Additionally, the future INDEXO Bank customer service centre will be located on the 1st floor of the B building, with an area of around 150 m².

"We wanted to find a modern, eco-friendly space for the INDEXO team that would provide extensive functional possibilities, such as facilitating collaboration among all company employees on a single floor of the building, as well as easily accessible spaces for the future INDEXO Bank customer service. A modern and friendly work environment is crucial for attracting new employees, which is particularly important for us as we develop the new INDEXO Bank," says Valdis Siksnis, Chairman of the INDEXO Board and one of the founders.

INDEXO chose its new office from among 12 different alternatives after a detailed evaluation of various factors. The company's team plans to move to Verde this summer.

"We are truly pleased that we have concluded the first long-term cooperation agreement of 2024 with INDEXO - one of the most ambitious players in the Latvian financial industry. This deal significantly expands our tenant portfolio in the financial category, strengthening the potential of the entire Skanstes business quarter to become the main financial and technological hub in Riga. INDEXO's office will be set up on the 4th floor of the A building starting this summer, and we especially look forward to the opening of the new INDEXO Bank customer service branch on the 1st floor of the B building," says Iveta Lāce, Commercial Director and Board Member of the "Verde" office complex.

Ēriks Bergmans, Partner, and Head of the Agency at "Colliers Baltic," adds: "We are delighted that INDEXO is joining the Verde business centre community. This will undoubtedly contribute to the positive progress of both the entire Verde complex and INDEXO, as their sustainable development vision is based on similar values and goals."

As previously reported, since mid-2022, INDEXO has been developing the project for the establishment of a new bank, and the Bank of Latvia is currently reviewing its licensing application. Throughout 2023 work has been completed on a secure and modern banking IT infrastructure. INDEXO Bank's mobile application has been developed with all necessary integrations for an impeccable customer experience. Additionally, fundamental products for individuals have been created, including current accounts, payments and cards, savings accounts and deposits, loans and, of course, convenient administration for third-pillar pensions. Upon receiving the license, INDEXO Bank will commence its operations serving individuals, while services for businesses will be developed in 2024.

Disclaimer: Approval from the European Central Bank is required for obtaining a commercial bank license.

About INDEXO
INDEXO is an asset management company licensed by the Bank of Latvia, which offers modern 2nd and 3rd pillar pension saving plans in Latvia. INDEXO is the fastest growing pension management company in the Baltics with more than 128 thousand customers and approximately EUR 960 million euros of assets under management. INDEXO is a Nasdaq Riga Stock Exchange listed company with close to 6000 shareholders and has an aim to fight for a better financial environment in Latvia. INDEXO vision is to become a financial services group that provides modern, personalized services empowering Latvia’s people for their prosperity.

About Verde
Verde (www.verde.lv) is the greenest office complex in Riga, located at the beginning Skanstes Quarter (1a R.Hirša Street), and the only A-class office complex in Latvia, the first stage of which was opened in summer 2022, but the second stage will be opened in spring 2024.. Verde complex comprises two office buildings with a total leasable area of 30,000 m2 (total floor space with underground parking lots – 45,000 m2). The complex has been developed in line with BREAM Excellent and the nZEB (nearly Zero Energy Building) standards. The unique signature of Verde is superb greenery on large 600 m2 terraces with trees and other plants in each building, as well as a green backyard. The “green thinking” of Verde is embodied in the sustainable and modern architectural solution by award-winning Latvian architects Andris Kronbergs and Jānis Zvejnieks (ARHIS Architects) and brought to life by A-class energy efficiency and smart building management solutions. SEB Bank” has financed the construction of the office complex "Verde," providing a 60-million-euro loan for a five-year period to the investment management company "Capitalica Asset Management," a subsidiary of the project-executing group "SBA Group."

Contact Information for VERDE:
Ērika Kirsone-Kriviņa
"MM&A a Hill&Knowlton company" Project Director
Email: erika.kirsone-krivina@mmacomms.lv
Phone: +371 26390540
www.mmacomms.lv

Contact Information for INDEXO:
Ieva Bauma
IPAS “INDEXO” Board Member and Marketing Manager
Email: ieva.bauma@indexo.lv
Phone: +371 28636789
www.indexo.lv