About Senior House

Reconstruction and development of most prestigious, innovative and nature friendly retirement house in Baltic States.



  • Fixed interest, % 6
  • Running time, months 48
  • Goal, € 2.600.000
  • Already invested, € 203.435


Why invest (Key advantages)

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  • 1

    Income opportunities

    6% fixed annual interest rate, with possible increase up to 15% during next 4 years depending on the project success. Monthly interest payments with maturity payment at the end of loan period.

  • 2

    Essential background

    Professional team with sufficient experience in featured industry.

  • 3

    You are protected

    Buy-back and Kuetzal Care available.

  • 4

    Long-term contracts

    Additional benefits for Kuetzal investors

  • 5

    Surroundings

    Essential area and surroundings

  • 6

    Additional

    Collateral from the project owner: building and land.

About Senior Residence

SIA “Brigitaluks” company was established to build and furthermore maintain Senior House. Company is planning to create new, modern retirement house. The mission is to offer top-quality service throughout developing and implementing unique treatment technique. Current technique will consider local psychology and habits. Unique positioning in the forest area, surrounded mainly by coniferous trees makes the location especially attractive for retired people.

SIA “Brigitaluks” company was established to build and furthermore maintain Senior House. Company is planning to create new, modern retirement house. The mission is to offer top-quality service throughout developing and implementing unique treatment technique. Current technique will consider local psychology and habits. Unique positioning in the “Šmerlis” forest area, surrounded mainly by coniferous trees makes the location especially attractive for retired people.

Project is planned, constructed and maintained by one of the most experienced architecture bureau in Latvia – “J-projekts”.

In year 2019 company is planning to conclude reconstruction, thereby opening a 2900 m2 living space for as much as 92 guests. Facility is located at 2 Smerļa street, one of the few green areas and at the same time at the city centre.

Being only 20 minutes far from center of Riga, Senior House is located few kilometers far from the largest hospital in Latvia - “Gailezers”.

Company will offer to it’s guests single, double and also three seated rooms. Huge amount of services, starting with nursing and housekeeping to massage and manicure.

Residence predicts a competitive advantage based on position, quality of services, availability to patient, professionalism of staff and environment. All these factors tend to result in guest satisfaction and high referral rates.



Requested funds planned distribution

  • 1600000 Reconstruction and development costs, 62%
  • 350000 Equipment purchase, 13%
  • 400000 Development of the territory and landscape, 16%
  • 250000 Primary operating costs, 9%

Information about the company:


  • Company: SIA “Brigitaluks”
  • Adress: Zolitudes street 46-6
  • Website: to be updated
  • CEO: Eugene Koshakov
  • Incorporated: October 2017
  • Company registration number: 50203084911

Market overview


According to research made by SIA ”Brigitaluks” there is currently a deficit of adult and senior care services in Latvia. There are also very few premium centres in Baltics that may compete with the quality that SIA “Brigitaluks” in going to offer. This makes Latvian market especially attractive for such kind of industry, as SIA “Brigitaluks” is planning to reach maximum capacity during the first few months of performance. Residence is located in Riga, city with population of almost 700 000 people. 140 000 of them are seniors. More than 25% of economically active Latvians are working and living abroad, having their parents in Latvia. Senior Residence is a great place to share the care for their parents.


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