Next Generation Partners

Real estate and construction in Estonia


Aivar Taro leads the ‘committed, competent and solution-oriented‘ team at Cobalt, whose ‘wide range of competencies‘ includes high-profile real estate transactions in Estonia. As part of these transactions, the group often works on due diligence and document preparation. On the contentious side, there are also experienced litigators in the group, such as Liina Linsi, who often represents international construction companies in disputes. The team has been increasingly focused on real estate matters in the energy sector, a trend of the wider market in Estonia in recent years.

Practice head(s):

Aivar Taro

Other key lawyers:

Liina Linsi; Sandra Sillaots; Siim Vahtrus


‘The team was very skilled and had broad knowledge outside of the scope from the field. Gave me the impression that I could trust that they are a specialist in their field, and they had good communication skills in order to explain complicated matters in detail.’

‘Aivar Taro handled the engagement well.’

‘Wide range of competencies, easy to work with and lawyers bring in assistance from other team members when necessary. Quick answers and cross-border support. Deadlines kept, especially under time pressure.’

Key clients

Aquila Capital

LHV Varahaldus

Nordic Real Estate Partners (NREP)

Galio Group

Porto Franco

Corum Asset Management

Baltic Horizon Fund

Northern Horizon Capital



Graanul Invest

BPT Real Estate


Pro Kapital Grupp

Pirita Tee Development

Baltek Arendus

OMA Ehitaja

Viru Keemia Grupp

Kapitel AS

Jysk Linnen`n Furniture OÜ

Enery Österreich GmbH

Tallinn City



European Energy

Aberdeen Standard Investments


Eurowind Energy

Pakrineeme Sadam

Ministry of Finance

Work highlights

  • Advised Pakrineeme Sadama on selling its LNG loading quay in Paldiski, as well as the related infrastructure and port property to Estonian Stockpiling Agency.
  • Advised Neo Performance Materials on the development of a magnet manufacturing plant in Estonia, including the acquisition of land, EPC contract, power purchase agreement etc.
  • Advised Tallinn City on renegotiating with BCA Center PPP contracts for the lease of five school buildings in Tallinn.


Due to its longstanding presence in the Estonian market and the number of transactions completed in Eastern Europe on a yearly basis, Ellex has the capacity to assist a variety of companies with major real estate and construction projects and disputes. Among its clients are large energy companies and real estate funds. Martin Käerdi and Martin Triipan lead the team, with the former being central to the team’s work in infrastructure and energy matters. Senior associate Kaisa Laidvee is a go-to practitioner for environmental cases related to real estate.

Practice head(s):

Martin Käerdi; Martin Triipan

Other key lawyers:

Kaisa Laidvee; Jaanus Ikla; Risto Vahimets; Triin Frosch; Ermo Kosk

Key clients

Eesti Energia

AS Infortar

Elering AS

European Bank for Reconstruction and Development

Nordecon AS

Graanul Invest AS

Gren Pan-Baltic

Oiltanking GmbH



Viljandi Real Estate OÜ

Work highlights

  • Advising Enefit Energiatootmine on the construction of a 300MW oil-shale and biomass fired power plant in Auvere, Estonia.
  • Advised Eesti Gaas on the acquisition of 100% shareholding of Gaso from current shareholder Latvias Gaze.
  • Advised Gren on the acquisition of heating network operator VKG Soojus from VKG Group.


Sorainen‘s team ‘stands out for its exceptional knowledge of the field and client-oriented approach‘. It assists clients across the full cycle of cross-border real estate transactions, benefiting from a ‘specialised knowhow and a high level of seniority in the team’. Senior partners include experienced practitioners Paul Künnap and Piret Jesse, who head the team and both work on complex, international real estate and construction matters regularly. Elsewhere, senior associate Triin Ploomipuu is well versed in property transactions.

Practice head(s):

Paul Künnap; Piret Jesse

Other key lawyers:

Triin Ploomipuu; Britta Retel


‘They constantly have a wide range of specialties. Thus, they can react fast and with the right “tools”.’

‘Specialised knowhow and a high level of seniority in the team. Actionable advice.’

‘Team is well composed, and the result was as expected.’

‘Availability/responsiveness. Advice is provided in an actionable manner.’

‘Sorainen’s team works very efficiently. It leaves the impression that the client is cared for by offering quick help and solutions in a professional manner. The work has been done thoroughly and on time.’

‘They have provided reassurance and support in the most difficult situations over the years. The team stands out for its exceptional knowledge of the field and client-oriented approach. They are very dedicated.’

‘They are forthcoming and always available. Their contact person is super nice, gives notification when he is on vacation and provides with temporary contact for the time he is away.’

Key clients


Embassy of the United States in Estonia

Rail Baltic

Sunly Group

Estonian Ministry of the Environment

Kaamos group

Titanium Baltic Real Estate Fund

Novira Capital




Work highlights

  • Advising Decathlon on negotiating a commercial lease agreement for the largest sports store in the Baltics.
  • Advising Sunly Wind on the administrative procedures needed for obtaining superficies licences for offshore wind farms.
  • Advising Rail Baltic on the development of the pan-Baltic Via Baltica railway.


Following it's merger with FORT in early 2024, WALLESS has recently been involved in a number of high-value real estate deals, and is also providing general assistance to Lidl, a new client to both the firm and the Estonian market. Minni-Triin Park, who heads the team, is able to work across the full spectrum of real estate and construction matters and is supported by environmental law specialist Margus Kõiva and Kuldar Jaan-Torokoff, who is a key contact in the team for contentious real estate matters. The practice also benefits from the expertise of Piret Kergandberg, Angela Kase and Margo Lemetti.

Practice head(s):

Minni-Triin Park

Other key lawyers:

Margus Kõiva; Kuldar-Jaan Torokoff; Piret Kergandberg; Angela Kase; Margo Lemetti

Key clients

Capitalica Asset Management

BPT Real Estate/Newsec


LHV Pension Funds

EfTEN Capital


Capital Mill


LNK Group

Viru Keskus AS

Crowdestate OÜ

Estonian Environment Agency

Perton Ehitus

Work highlights

  • Represented Lidl Estonia as legal partner for its real estate department, which is very busy due to Lidl’s rapid expansion in Estonia.
  • Advised borrower Paged Group on refinancing matters, alongside Baker McKenzie Poland.
  • Represented Kapitel in negotiating an agreement with Swedbank, which will locate its new headquarters to Arter quarter (under development), occupying the entire 28-storey building.

Eversheds Sutherland Ots & Co

Eversheds Sutherland Ots & Co operates as a ‘full-service legal team with innovative approaches to challenging and complicated situations’ in both commercial and residential property. Maivi Ots, who ‘shows full engagement‘, is extremely experienced in real estate law; she runs the team and is well known for M&A-related real estate matters. A new addition to the team in September 2022 was senior associate Margit Lahevee, who has been involved in many of the team’s matters since her arrival.

Practice head(s):

Maivi Ots

Other key lawyers:

Kristi Jõemets; Dmitri Zdobnõh; Margit Lahevee


‘Full-service legal team with innovative approaches to challenging and complicated situations.’

‘Maivi Ots shows full engagement.’

Key clients

Estonian Stockpiling Agency (Eesti Varude Keskus AS)

E-Piim Tootmine AS

City of Tallinn (Tallinna Linnakantselei)

Estate Developers OÜ

Epler & Lorenz AS

Rotstein OÜ

Ecobay OÜ

Work highlights

  • Assisted Estonian Stockpiling Agency with the acquisition of a recently constructed liquefied natural gas (LNG) mooring quay with associated infrastructure and port property from Estonian private enterprises.
  • Acting for Tallinn City Government in setting up the ownership structure and building film studio complex Tallinn Film Wonderland.
  • Assisting Ecobay with a significant planning development project in Tallinn.


Loor‘s workload centres around business-related property work stemming from private companies and is skilled in a range of commercial real estate matters. Practice group head Kaido Loor‘s work is representative of this; he assists both institutional and private investors in buying and selling a range of real estate. In addition to this, the group is able to advise on investment transactions and shareholder agreements.

Practice head(s):

Kaido Loor

Key clients


Mitt & Perlebach

Apartment union Heki 8





Work highlights

  • Assisted Hepsor with a joint venture developing a centrally located office and medical facilities building.
  • Advising Hepsor on entering into 50-50 joint venture with Tolaram for the development of apartments.
  • Advising Mitt & Perlebach on a 224-apartment construction contract with a regional developer with target price mechanism.

NJORD Law Firm

At NJORD Law Firm, the growing team is prominent in complex real estate transactions, utilising its contacts in the Nordics and large team operating across the region to assist a range of global clients. Restructuring expert Veikko Toomere and transactional specialist Jelizaveta Henno jointly lead the group. Additionally, Raimo Klesment specialises in spatial planning, making the group well placed to handle real estate matters with technical planning elements.

Practice head(s):

Veikko Toomere; Jelizaveta Henno

Other key lawyers:

Raimo Klesment

Key clients

Nevotex Eesti OÜ

Geodeesia24 OÜ

MBK Co., Ltd, Estonian Japan Trading Company AS

Tommi Mäkinen Racing OÜ

VG Estonia OÜ (Coolbet)

Real Estate Strategy Usaldusfond

Danish Embassy in Estonia


Viking Line (Viking Line Eesti OÜ)

Lumi Capital OÜ

Wihuri OÜ; Wihuri Oy

GVP Invest Estonia OÜ

Huber Manser Wealth Management OÜ


Work highlights

  • Advised GVP Invest Estonia on construction and financing issues in connection with the construction of a second Hilton hotel in the centre of Tallinn (Hampton by Hilton).
  • Advised VG Estonia on the acceptance of the large lease premises (more than 3,000 m2) that had been built by the landlord, real estate developer PORTO FRANCO.
  • Advising Real Estate Strategy Fund and Huber Manser Wealth Management on the acquisition of real estate and investments into real estate projects in Estonia, Kazakhstan and Mongolia.


NOVE ‘provides a unique combination of excellence in legal theory and profound knowledge in detailed practical matters’. These matters involve contract drafting and procurement, and the firm's clients include major construction companies. Kristjan Tamm is the go-to practitioner in the team for construction-related mandates, and ‘has experience, and therefore a profound knowledge, in construction and related subjects'. Tamm leads the team alongside Marika Mugur, who specialises in the design and architecture sector.

Practice head(s):

Kristjan Tamm; Marika Mugur


‘Nove provides a unique combination of excellence in legal theory and profound knowledge in detailed practical matters.’

‘Kristjan Tamm has experience, and therefore a profound knowledge, in construction and related subjects.’

Key clients

AS Lääne-Tallinna Keskhaigla (West Tallinn Central Hospital)

Merko Ehitus Eesti AS

Restor OÜ

EstKonsult OÜ

Alvar MÜ TÜ

Metsapäike OÜ (subsidiary of Sunly AS)

Tallinna Ehitustrust OÜ

Suvila Projekt OÜ

Work highlights

  • Assisted a subsidiary of Sunly with the preparation of construction and supervisory contracts for the largest 45MW solar power plant in Estonia.
  • Advised Restor on court proceedings regarding debt collection from the developer of the Hotel Regent Tallinn for €1.5m.
  • Advised Merko Ehitus Eesti on a €1m claim against a large local real estate developer.


TARK‘s team has a longstanding presence in Estonia, with experience advising many real estate developers, strategic investors and construction companies over the years. In 2023, the group continued to consolidate its strong international and local client base, and has developed a niche in retail, wholesale and shopping matters. Allar Aru, Hannes Küün and M&A-related real estate matters expert Tanel Tark jointly lead the team. Tanel Küün has strong knowledge of domestic and international corporate law.

Practice head(s):

Allar Aru; Hannes Küün; Tanel Tark

Other key lawyers:

Tanel Küün

Key clients

Riigi Kinnisvara

UPM-Kymmene Otepää OÜ

Gren Eesti AS


OÜ Hundipea

Bestrade OÜ

Lopec&consorters OÜ

Notorious OÜ

AS Krulli Kvartal


Work highlights

  • Advising Notorious on the acquisitionsof real estate (SPVs) required for the development of Hundipea (Paljassaare Peninsula).
  • Advised UPM-Kymmene Otepää on the due diligence and negotiation process of competing enterprise and its respective immovables, etc.
  • Advising Riigi Kinnisvara on its daily operations involving different real estate and construction matters connected to the development, operation and lease of public real estate.

TGS Baltic

TGS Baltic‘s ‘very strong and versatile‘ team is well versed in a range of matters, from public contracts to construction disputes to real estate transactions. The highly regarded Peeter Viirsalu balances a broad workload and is proficient in contractual matters and disputes, among other areas, and Eva Arumets works on the full life cycle of real estate projects. The group was bolstered by the 2024 arrivals of Karin Marosov, Jana Tudelep and Ingeri-Helena Kakko following the firm’s merger with PwC Legal.

Practice head(s):

Peeter Viirsalu; Karin Marosov

Other key lawyers:

Eva Arumets; Jana Tudelep; Ingeri-Helena Kakko


‘A very strong and versatile composition team led by a creative and very able leader in Peeter Viirsalu. They truly cover all aspects of our real estate development and construction business needs.’

‘Peeter Viirsalu is our number one go-to attorney with every legal problem we might have. He is very proficient in real estate related matters (both contractual and litigation), but also has an excellent knowledge and ample experience in other legal matters as well. Combine this with his high approachability and professionalism and you have a legal partner that you enjoy working with.’

‘A quality team.’

‘Peeter Viirsalu’s knowledge of law and his ability to always strive for a solution that is profitable for us is very much appreciated.’

Key clients

Hepsor AS

Invego OÜ

Reterra Estate OÜ

City of Tallinn (Tallinn City Hall)

Kodumaja AS

Tallinn University (Tallinna Ülikool)

Mapri Ehitus OÜ

Port of Tallinn

Vintselle OÜ

Timbeco Woodhouse OÜ

The University of Tartu

Estiko AS

Ministry of Environment of the Republic of Estonia

Nordicelement Tallinn OÜ

EstHus OÜ

Framm AS

LHV Varahaldus AS


KRC Ehitus

Golden Fields

Volta 1

Tähtvere Tehnopark OÜ

Linnakodu OÜ

Espak Ehitustööd OÜ

Green Estonia OÜ

Wolf Group OÜ

Tartu linn

osaühing Rail Baltic Estonia

Riigi Kinnisvara Aktsiaselts

Oracle East Central Europe Limited Eesti filiaal

Porto Franco OÜ

Colonna Varahaldus OÜ

Osaühing Paleton

Corle OÜ

OÜ Lagedi Keskus

Andro Vilu

Work highlights

  • Advising KRC Ehitus on a complex building project in Tallinn.
  • Advising Neiq Finants on the €3m acquisition of a boutique hotel in Tallinn.
  • Advised Tähtvere Tehnopark, a subsidiary of Reterra Estate, on a complex multi-level sale and built-to-suit transaction.

Cuesta Law Office

Cuesta Law Office, which ‘has very experienced and pragmatic specialists‘, adopts a multidisciplinary approach, with one client noting that ‘the good cooperation between the real estate team and tax team is an advantage’. Britta Oltjer leads the team on landmark deals and transactions and is well supported by Lada Riisna and Valeria Arsju, the former of whom has a strong knowledge of real estate sales and structuring and finance matters.

Practice head(s):

Britta Oltjer

Other key lawyers:

Lada Riisna; Valeria Arsjuta


They have very experienced and pragmatic specialists working for them. Good knowledge of cross-border issues. The good cooperation between the real estate team and tax team is an advantage.’

‘Top specialists in real estate transactions and we have had longstanding experience with them.’

‘We recommend Britta Oltjer who has a very good knowledge of the real estate industry. Lada Riisna is strong in structuring and finance matters. Professional team with experts in a diverse range of matters.’

Key clients

AS Chemi-Pharm

Lindenline OÜ


Kitsas 16 Kodu OÜ

Arens Ehitustööd OÜ

Allprint HM OÜ

Dreibau OÜ

Brix Systems

Riho Kalve

Silmalaser OÜ

Work highlights

  • Advising Lindenline on questions arising from financing a real estate development project, and representing the client in all pre-trial negotiations.
  • Assisted AS Chemi-Pharm with preparing a legal due diligence report.


Through its collaboration with other law firms, LEADELL Pilv often works on cross-border matters and is singled out for its ability ‘to understand the needs of the client‘. Seasoned litigator Merilin Ojasaar and real estate transactions specialist Pirkka-Marja Poldvere jointly lead the team.

Practice head(s):

Merilin Ojasaar; Pirkka-Marja Põldvere


The team is open, professional, and has good legal and ethical principles. ‘

“I cooperated with Merilin Ojasaar. I highly appreciate his professionalism, conscientiousness, and ethical principles. ‘

‘Very professional people. As the team they are able to offer the best possible solution.’

Key clients

Petromaks Holding OÜ

Petromaks Nõlva Sadam OÜ

Estkompexim Toitlustus OÜ

Otepää Rural Municipality Government

LVM Kinnisvara OÜ

Evicon Ehitus OÜ

Osaühing Taimar Teenused

Teca Grupp OÜ

Staadioni Varahaldus OÜ

Kadrikese Haldus OÜ

OÜ Kuldaru ST

Work highlights

  • Representing the Otepää Rural Municipality Government in a dispute over the use of a subsidy for construction works.
  • Advising Evicon Ehitus on contractual law questions.
  • Represented a client both inside and outside of court regarding environmental permits.


Magnusson has a global reach and is active within the Baltics and Scandinavia, often handling work of a multijurisdictional nature. Toomas Mälberg and Kaidar Sultson head up the team. Mälberg stands out for his concentration on real estate work with an emphasis on infrastructure matters, whereas Sultson has strong connections with the financial services industry and often works on civil disputes.

Practice head(s):

Toomas Mälberg; Kaidar Sultson

Key clients

Tallinn Film Wonderland

Procurator Eesti

Motor Group

Wild Cabins



Enersense Group (previously Empower)


Mehka Eesti

Viimsi Hospital

UPM-Kymmene Otepää

Work highlights

  • Advising Tallinn Film Wonderland on a broad range of legal issues related to the establishment of Tallinn Film City.
  • Advising Standard AS on the drafting and performance of the contracts related to furnishing and construction works regarding hotels in Sweden, Denmark, Belgium and Finland.
  • Advised Finnish supplier of occupational safety products Procurator Eesti on obtaining the use permit for the building and the sale of a property.

RASK Attorneys-at-Law

The group at RASK Attorneys-at-Law is well placed to advise on both contentious and non-contentious issues in the real estate and construction sector and focuses in particular on real estate transactions. Ramon Rask, who has advised several large real estate funds in Estonia, leads the team alongside Marina Lapidus, who has an ‘extensive background in real estate which makes her a very reliable partner even in the most complex cases'.

Practice head(s):

Ramon Rask; Marina Lapidus

Other key lawyers:

Timo Kullerkupp


‘The team consists exclusively of highly competent, friendly and skillfully selected people with excellent communication skills, with whom it is always pleasant to communicate. The entire team, starting with the office manager and other supporting team members has received the best possible training. RASK offers high-quality, high-level legal services. They are a reliable partner that gives the client the assurance they need. The whole team stands out for its efficiency and the desire to achieve the best possible result for the client, taking into account the reality as well as all the necessary circumstances. Very good professionals.’

‘Timo Kullerkupp and Ramon Rask have been indispensable for us in resolving various disputes, managing investments and in a large variety of daily legal matters. Marina Lapidus is also a highly qualified attorney in her respective field. Her extensive background in real estate makes her a very reliable partner even in the most complex cases.’

Key clients

Püha Johannese Kooli SA

Nordecon AS

Nordlin Ehitus OÜ

Elle Capital OÜ

Fausto Capital AS

Lumi Retail Property Fund

Lumi Retail Partners OÜ

MAVE Varahalduse OÜ

Zenith Family Office OÜ

Tallinna Teaduspark Tehnopol

Triniti Estonia

Triniti‘s team ‘handles each situation keeping the client’s commercial interests in mind‘. It has a notable strength in the energy sector, as well as in infrastructure projects of all sizes with a real estate angle. Virge Murak, who has appeared in many real estate disputes, leads the team, and Ramil Pärdi is another key department member with experience in property, spatial planning and construction law.

Practice head(s):

Virge Murak

Other key lawyers:

Ramil Pärdi; Klen Laus; Sandor Elias


‘TRINITI has a very efficient and skilled team. They always try to adjust to the client’s needs and focus on the client’s goal. They don’t just provide legal advice but try to handle each situation keeping client’s commercial interests in mind.’

‘We’ve been mainly working with Ramil Pärdi. He always provides us with advice he would follow himself.’

Key clients

Utilitas Group

Kodea OÜ

Rail Baltic Estonia Ltd.

Reme Grupp OÜ

Kiikri Ehitus OÜ

Kroodi Vesi

Kodasema OÜ

Multivara OÜ

KOKO Arhitektid OÜ

Work highlights

  • Advising state-owned company Rail Baltic Estonia on spatial planning assignments related to planning and constructing a new high-speed railway.
  • Advised a real estate developer on a large-scale development in Narva-Jõesuu, Estonia.


In the real estate team at WIDEN, clients have access to specialist knowledge for matters relating to planning, real estate transactions, lease agreements, construction and tax. The group also works on contentious real estate matters. Practice head Marge Männiko ‘knows most of the big players in Estonia and has a very strong reputation‘ and is able to ‘handle tasks quickly‘.

Practice head(s):

Marge Männiko

Other key lawyers:

Mats Volberg; Karoli Unus


‘Meeting deadlines and consistent communication with the client.’

‘They have the ability to listen to the client.’

‘The firm has many areas of expertise.’

Key clients

TotalEnergies Renewables SAS


Liven AS

Dasos Capital OY

Ministry of Finance

Oruvara OÜ

Retori Estate OÜ

Larsen Apartments

HANZA Mechanics

Arco Vara OÜ

RB Rail AS

Dorpat Ehitus OÜ

Work highlights

  • Conducted a study on territory planning, construction and wind power plant tender procedures for TotalEnergies Renewables to enter the Baltics offshore wind power plant market.
  • Advised Dasos Capital and its Estonian subsidiaries on negotiations concerning right of superficies agreements for renewable energy project development companies.
  • Advised Oruvara on acquiring real estate for an office building development, including the construction tender, drafting and negotiating the construction agreement.