On Tuesday, December 19, the Cabinet of Ministers approved the Real Estate Development Plan of the University of Latvia (UL) for 2022-2027, the development goals and actions with the real estate, which was transferred to the university free of charge by the state. This is stipulated by the order prepared by the Ministry of Education and Science approved by the government.

The strategic goals of the UL Real Estate Development Plan envisage concentrating study and research resources in order to promote the quality of the university's core activities and international competitiveness. UL continues to build the study and scientific Academic Centre in Riga, Torņakalns, simultaneously optimizing the area of the used premises, management and administration costs. The development plan envisages keeping the UL property and renovating the historical building in Riga, 19 Rainiņa boulevard.

The creation of the UL Academic Center was started in 2009, when the Cabinet of Ministers allocated for this purpose state land at Jelgavas Street 1, Torņakalns, while in 2016 land at Vienības gatve 5 was also allocated for the development of sports infrastructure. Riga City Council transferred the area at Vienības gatve 7 for the development of the Academic Centre.

UL Real Estate Development Plan until 2027 continues the started development directions. The development plan describes the set of properties, defines strategic tasks and directions of action, as well as lists development projects and plans, creates an optimal structure of the real estate portfolio.

Currently, the construction of the House of Letters is underway in the Academic Centre of the University of Latvia. Houses of Sports, Health and Technology are also planned. The House of Students and Guests is planned to be developed in a public-private partnership.

For the further development of the academic center, UL attracts various financial instruments of the European Union, cooperates with European development financial institutions, as well as evaluates the possibilities of implementing development projects by attracting private sector investments.

UL owns, uses or possesses 70 objects. The total area of buildings and structures is more than 280 thousand square meters, the land area is more than 2.3 million square meters. The real estate development plan is a medium-term planning document that determines the actions of the UL in the field of infrastructure development.

Order of the Cabinet of Ministers "On the Real Estate Development Plan of the University of Latvia 2022-2027 for the year" available on the website of the Cabinet of Ministers.