Piche
Piche is a Latvian industrial and commercial real estate developer operating six branded business parks across the Riga/Pieriga region, delivering Built-to-Suite warehouses, manufacturing facilities, and offices — plus select residential projects — to enterprise tenants through direct sales and recurring multi-year leases.
- Company typePrivate
- Founded2006
- HeadquartersMarupe, Latvia
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Piche does
Piche is a Latvian real estate developer founded in 2006 (per legal filings) operating exclusively in the Riga and Pieriga region. The company specializes in end-to-end industrial and commercial property development, delivering business parks, warehouses, manufacturing facilities, logistics centers, office space, and select residential projects. Its portfolio encompasses six branded business parks totaling over 300,000 m² — Lidostas Parks (111,000 m² near Riga Airport), Green Parks (86,000 m², CO2-optimized), Mārupes Parks (41,000 m²), Next Parks (34,000 m²), Valdlauču Parks (24,000 m²), and Ulmaņa Parks (21,000 m²) — supplemented by 14 wholly-owned SPV subsidiaries (P32–P185 SIA) holding individual properties or projects.
Piche's technology differentiation centers on energy-efficient construction: PIR wall insulation (160mm), wool roof insulation (320mm), rooftop solar arrays, EC-motor NextGen heating with 1-2°C floor-to-ceiling temperature gradient, LED 3-sensor lighting claimed at 95% efficiency versus incandescent, and tablet-based smart building management. The company advertises near-CO2-neutral construction and operation, 10-meter column-free ceilings enabling 20% greater storage capacity, and full-cycle Built-to-Suite customization from design through 24/7 property management.
The business model combines recurring rental income (subscription-style multi-year leases on ready-built spaces from 500 m² to 5,000+ m²) with project-based revenue from custom Built-to-Suite construction for enterprises including MGI Tech, ELKO, Printful, airBaltic, Omniva, PET Baltija, and Baltic Biofuel. Pricing is not publicly disclosed and is quote-based. Distribution is direct enterprise field sales with marketing via company website and social channels. Piche employs approximately 200 people, is privately held by founder-Chairman Pēteris Senkāns, and reported €8M net turnover in 2017. Recent strategic commitments include €140M for six new industrial parks, €25M into Epic Padel (60+ padel courts), and continued residential development through Dižozoli and Priežu Rezidences.
Piche firmographics
Firmographics- Name
- Piche
- Legal name
- SIA "PICHE"
- Website
- https://piche.eu
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Piche is a Latvian industrial and commercial real estate developer operating six branded business parks across the Riga/Pieriga region, delivering Built-to-Suite warehouses, manufacturing facilities, and offices — plus select residential projects — to enterprise tenants through direct sales and recurring multi-year leases.
- Ownership category
- akta.pro rank
Where Piche is headquartered
LocationHeadquarters
- HQ city
- Marupe
- HQ country
- Latvia
- HQ region
- Europe
Offices2 records
Markets served
Piche business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Industrial/Commercial Space Rental: Rental income from business parks including warehouses, manufacturing spaces, offices, and logistics facilities across multiple locations in Riga and Pieriga region
- Custom Construction (Built-to-Suite): Design and construction of custom industrial and commercial buildings tailored to client specifications, providing full-cycle solutions from idea to key handover
- Property Management Services: 24/7 management and maintenance services for properties including security, access control, and facility maintenance
- Residential Development: Development and sale/rental of multi-apartment buildings and row houses including Dižozoli and Priežu Rezidences projects
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Standard rental spaces from 500 m² |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Piche product offering
Product offeringCore offering
Piche develops, constructs, leases, and manages industrial and commercial real estate in Latvia, primarily through a portfolio of six business park brands (Lidostas Parks, Green Parks, Ulmaņa Parks, Mārupes Parks, Next Parks, and Valdlauču Parks) totaling over 400,000 m². The company also provides Built-to-Suite custom construction services for tailored industrial facilities and develops residential properties (Dīzoli apartments, Priežu Rezidences row houses) in the Riga and Pieriga region.
Product overview
Piche is one of Latvia's leading real estate developers offering a portfolio of industrial and residential properties. The company's industrial portfolio includes six distinct business park brands: Lidostas Parks (near Riga Airport with 111,000 m² total area), Green Parks (energy-efficient with 86,000 m²), Ulmaņa Parks (21,000 m²), Mārupes Parks (41,000 m²), Valdlauču Parks (24,000 m²), and Next Parks (34,000 m² in Riga). The Built-to-Suite construction service enables custom facility development from concept to completion. On the residential side, Piche offers apartment complexes like Dižozoli and row houses through Priežu Rezidences. The company provides end-to-end services including development, construction, and property management.
Differentiator
Problem solved
Functional benefit
Brands
- Lidostas Parks: Industrial business parks near Riga Airport offering warehouses, manufacturing, and office spaces
- Green Parks
- Ulmaņa Parks
- Mārupes Parks
- Next Parks
- Valdlauču Parks
- Dižozoli
- Priežu Rezidences
Products and services
- Lidostas Parks (Airport Parks) Multi-phase industrial business park complex near Riga Airport offering warehouse, manufacturing, and logistics spaces for enterprise tenants. Features energy-efficient construction, smart building management, and strategic proximity to the airport. The park includes Lidostas Parks 5 with 30,000 m² total area.
- Green Parks
- Ulmaņa Parks Business park in strategic location near Riga Airport with 21,000 m² total area, featuring rooftop terrace and modern office spaces.
- Mārupes Parks Industrial parks in Mārupe offering 41,000 m² of space for warehouses, manufacturing, and offices.
- Valdlauču Parks Modern industrial park in Pierīga with direct access to A7 highway, offering 24,000 m² total area including 17,600 m² available warehouse space.
- Next Parks New industrial park in Riga near IKEA offering 34,000 m² total area with 30,000 m² available space for logistics, manufacturing, and business use.
- Dīzoli (Diozoli) Residential Multi-apartment residential complex in Mārupe featuring smart home solutions, energy-efficient design, and modern living spaces. Includes penthouse apartments.
- Priežu Rezidences (Pine Residences) Row house development project in Mārupe offering modern residential units with high-quality construction and contemporary design.
- Built-to-Suite Construction Custom industrial building construction services tailored to specific business requirements, from design through completion, covering warehouses, manufacturing, logistics, laboratories, and other facility types for enterprise clients.
- Warehouse & Manufacturing Space Rental Rental of warehouses, manufacturing, and industrial spaces in business parks across Pierīga and Riga, with options for customization and flexible space solutions for logistics, production, retail, sports, and showrooms.
Quantifiable outcome
- Lowest CO2 emissions per square meter in the industry - buildings are nearly CO2 neutral
- +4 more outcomes
Companies that use Piche
Customer profileNamed customers20 records
Segments5 records
Ideal customer profiles4 records
Piche technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Piche partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- MGI Tech / Latvia MGI TechflagshipGenomics company SIA Latvia MGI Tech (subsidiary of BGI Group, a $3.8 billion genomics company listed on Hong Kong Stock Exchange) partnered with PICHE for custom-built laboratory and manufacturing facilities in Lidostas Parks. The partnership involves 7,000 m² of custom-built space for genomics operations employing up to 80 people.
- Baltic Biofuel CompanycorePICHE acted as general contractor for Baltic Biofuel Company's warehouse and railway construction project in Liepaja port. Investment of 1 million EUR for 2,500 m² warehouse with 5-meter concrete walls for grain storage.
- PET BaltijacorePartnership with AS PET Baltija for development of one of the largest and most modern PET recycling factories in Europe in Olaine, with investment of 35 million EUR.
Scale indicators21 records
Recent moves6 records
Expansion highlights4 records
Piche competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights6 records
Customer concentration
Piche social profiles
Digital presencePiche financial estimates
Financial estimateRevenue estimate
Valuation estimate
Piche leadership team
Management profileNumber of profiles
Profiles3 records
Piche subsidiaries and ownership
Company hierarchySubsidiaries14 records
Piche funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Piche M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Piche
What does Piche do?
Piche develops, constructs, leases, and manages industrial and commercial real estate in Latvia, primarily through a portfolio of six business park brands (Lidostas Parks, Green Parks, Ulmaņa Parks, Mārupes Parks, Next Parks, and Valdlauču Parks) totaling over 400,000 m². The company also provides Built-to-Suite custom construction services for tailored industrial facilities and develops residential properties (Dīzoli apartments, Priežu Rezidences row houses) in the Riga and Pieriga region.
Is Piche a public or private company?
Piche is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Piche founded?
Piche was founded in 2006. It employs 101 to 250 people.
Where is Piche based?
Piche is headquartered in Marupe, Latvia, in the Europe region.
How does Piche make money?
Four revenue lines are on record. Industrial/Commercial Space Rental is the primary driver. The others are custom Construction (Built-to-Suite), property Management Services and residential Development.
Does Piche have an API?
No public API is recorded for Piche.