We power industries, fuel innovation, and drive the industry ahead
Nordic Partners is an investment and development group focused on industrial real estate and industrially integrated businesses. The company operates across four key verticals.
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Development, ownership, and management of industrial real estate.
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Provision of electricity, heat, gas, and balancing services, including solar and battery storage.
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Digital asset management, tenant interaction, and infrastructure services.
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Sustainable, cost-efficient building for industrial tenants.
Through vertical integration—combining construction, utilities, energy, and management—Nordic Partners aims to achieve faster build times, lower costs, and stronger margins compared to traditional real estate operators. The group controls 155,000 m² of gross building area across three major industrial parks, with occupancy of ~95%
Its current footprint makes it the largest industrial park developer in Latvia. Expansion is planned into Central and Eastern Europe, targeting properties with manufacturers, added-value potential.
The group’s mission is to consolidate fragmented markets like energy; industrial parks, prop tech and semi green construction into a closed loop of value creation, offering full value chain industrial park developement and managemen.
Our core principles
Collaboration between industries, industrial parks, between tenants within parks and service providers.
Relationships between countries, partners and investors, partnerships between companies we own.
Exchange of materials, energy and water and other resources.
Timeline of Nordic Partners history
Nordic Partners origins through Eurofoods EPI and Nordic Industries, marking the entry into manufacturing and food processing.
Creation and growth of NP Foods, the holding company behind leading Baltic consumer brands such as Gutta, Laima, Staburadze, and Hame.
Transition away from plastics production marks the new era of industrial park developement. The platics manufacturing company transforms into the first industrial park in Latvia – Nordic Industrial Park.
Creation and growth of NP Properties, the holding company behind the leading industrial park developer in Latvia Assets include:
Nordic Industrial Park: 48,000 m²
Jelgava Business Park: 57,000 m²
NP Business Centre: 37,000 m²
Expansion of services into energy (Deco Energy) and IT (Nordic Technologies), offering energy distribution services and it services to our tenants integrating electricity generation, balancing, and digital infrastructure into park operations.
NP Foods portfolio sold, completing the exit from consumer goods. The group pivots toward industrial real estate and infrastructure.
Expansion of services into energy generation through creation of solar electricity station.
Strategic pipeline includes development of a fourth business park (60 ha in Salaspils), battery energy storage systems for balancing market(10 MW), and international expansion with €140M planned investments by 2029.
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