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Olimpia shopping centre

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Olimpia is a shopping centre in the Ķīpsala neighbourhood of Rīga, Latvia, opened in 2002 and today anchored by sport outlet stores, an entertainment park and a rooftop solar park.

Last updated September 27, 2026

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Overview

Olimpia (formerly Olympia) is a shopping centre located at Āzenes iela 5 in the Ķīpsala neighbourhood of the Kurzeme District in Rīga, Latvia. It opened on 12 December 2002 and was renamed Olimpia in October 2009. The centre is spread over three floors with a total area of roughly 25,000 m² and offers 636 parking spaces; it is served by several bus and trolleybus routes. Over the years the tenant mix has evolved from a general shopping centre into a destination with a strong sport and outlet profile. The official website highlights around 60 stores, a 2,500 m² entertainment park, ten dining venues, four electric-vehicle charging points, a 24/7 gym and an 837 kW solar park. Adidas Outlet and ECCO Outlet are among the sport and footwear anchors, while Rimi operates the supermarket after the renovation of the first floor. Ownership has changed several times. In 2015 the building was bought from Northern Horizon Capital by Partners Group. On 24 November 2020 it was announced that Laurus, a joint venture between Partners Group and Northern Horizon Capital, had sold Olimpia to Grinvest, an investment company active in real estate and renewable energy. The new owner planned to start renovating the centre and creating a leisure and entertainment park. In early 2023, with an investment of EUR 8 million, the transformation of the first floor began to improve energy efficiency and make structural changes; after the renovation the Rimi supermarket opened on 28 April. Today Olimpia positions itself as a sport-outlet and family-leisure destination in Rīga, combining discount sportswear, everyday retail, dining, children's entertainment and a large rooftop solar installation.

History

The shopping centre opened as Olympia on 12 December 2002 at Āzenes iela 5 in the Ķīpsala neighbourhood of Rīga. On 14 April 2005 the unique "Tehnopilsēta" concept of the household appliance and electronics chain Tehnopilsēta opened in the centre; in 2007 the children's goods store Cipollino followed, and in mid-August 2008 the Daugava brand and the first "Piena un maize nams" grocery store opened. In October 2009 the centre's name was changed from Olympia to Olimpia. In 2015 the shopping centre building was purchased from Northern Horizon Capital by the investment company Partners Group. In February of the same year a Subway restaurant opened at Olimpia, and on 1 August the first Sports Direct store in Latvia opened there. On 24 November 2020 it was announced that Laurus, a joint venture between Partners Group and Northern Horizon Capital, had sold Olimpia to Grinvest, an investment company focused on real estate and renewable energy. The new owner planned to begin renovating the shopping centre that year and to create a leisure and entertainment park. In early 2023, with an investment of EUR 8 million, the transformation of the first floor began in order to improve energy efficiency and introduce structural changes. After the renovation, the Rimi supermarket opened on 28 April. The centre today presents itself as a sport-outlet destination with around 60 stores, a 2,500 m² entertainment park, ten dining venues, four EV charging points, a 24/7 gym and an 837 kW solar park.

  • 2023

    EUR 8 million first-floor transformation begins for energy efficiency and structural changes; Rimi supermarket opens on 28 April after the renovation.

  • 2020

    On 24 November it is announced that Laurus, a Partners Group and Northern Horizon Capital joint venture, sold Olimpia to Grinvest.

  • 2015

    Building purchased from Northern Horizon Capital by Partners Group; Subway opens in February and the first Sports Direct store in Latvia opens on 1 August.

  • 2009

    Centre renamed from Olympia to Olimpia in October.

  • 2008

    Daugava brand and first Piena un maize nams grocery store open in mid-August.

  • 2007

    Children's goods store Cipollino opens.

  • 2005

    Tehnopilsēta electronics concept store opens on 14 April.

  • 2002

    Shopping centre opens as Olympia on 12 December at Āzenes iela 5, Rīga.

Products and positioning

Sport-outlet and family-leisure shopping destination in Rīga, combining discount sportswear, everyday retail, dining, entertainment and on-site renewable energy.

  • Adidas Outlet

  • ECCO Outlet

  • Rimi supermarket

  • Benu Aptieka

  • Centrālā laboratorija

  • Čili Pizza

  • Hesburger

  • Caffeine

  • Dino Zoo

  • Gym!

  • Adventica

Sources3 sources

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