Real estate and construction in Latvia

Cobalt

Fielding a sizeable team, Cobalt is distinguished through the breadth of work it handles across real estate and construction. Managing partner Dace Silava-Tomsone leads the practice and has been assisting inbound investors on the development of retail, office and hospitality properties. Guntars Zīle is another key name in the practice and is highly active in large residential projects. Other notable team members include Toms Šulmanis, who similarly focuses on residential property work but also handles commercial property matters, as well as Gatis Flinters, who is an expert in energy and infrastructure developments. Additionally, thanks to the firm’s offices in Estonia and Lithuania, it its well placed to handle pan-Baltic instructions.

Practice head(s):

Dace Silava-Tomsone

Other key lawyers:

Guntars Zīle; Toms Šulmanis; Gatis Flinters

Testimonials

‘Very good real estate knowledge. Good quality and timely deliverables.’

‘Dace Silava-Tomsone stands out for her very good communication, responsiveness, industry knowledge and timely preparation of good-quality documents.’

Key clients

Corum Asset Management

VPH group

Decathlon

Kapitel SIA

CG Investīcijas SIA

AFI Investments SIA

Consolis Latvija SIA

Latvenergo AS

Lidl Latvia SIA

Linstow group

Workland Latvia

Astor Group

Ionity Holding Gmbh

Swietelsky AG

Work highlights

  • Advised CG Investicijas SIA on the contractual and permitting issues related to the construction of a large-scale development project in downtown Riga.
  • Advising Swietelsky AG as a member of the consortium bidding for the Rail Baltica RIX airport railway terminal and related infrastructure construction contract.
  • Advised I Asset Management Group in relation to the construction of the three-star Hampton by Hilton hotel next to Riga International Airport.

Ellex

Ellex stands out for its work advising the leading real estate investment trusts (REITs) and retailers in Latvia, with expertise in transactional work, construction contracts, leasing arrangements and environmental law. Ivars Pommers leads the practice and has been a key name in the market for assisting REITs with the management of their property portfolios. Inita Jurka has a similar focus and acts alongside Pommers on most mandates. Ilga Gudrenika-Krebs is another key name and is particularly strong in the retail sector, with expertise in complementary areas such as public procurement and arbitration. The firm also benefits from its offices in Lithuania and Estonia for pan-Baltic instructions.

Practice head(s):

Ivars Pommers

Other key lawyers:

Inita Jurka; Ilga Gudrenika-Krebs; Inese Freivalde

Testimonials

‘Strong professionals.’

‘Ivars Pommers is a top-notch real estate specialist.’

‘All lawyers who have provided legal assistance have been very professional and provided excellent service. I give Ellex my very best recommendation.’

‘We were very satisfied with the support and performance of the entire team. ’

‘We enjoyed working with Ivars Pommers and his team. He not only has broad experience in real estate law, but a profound economic knowledge.’

Key clients

Catella Corporate Finance

Ingleby Latvia Agro, SIA

IKEA Latvian franchise holder SIA Paul Mason Properties

Lords LB Asset Management

New Century Holdings

Luminor

Swedbank AS

airBaltic

SPI Group Companies

Pillar

Blackstone

Colliers

Eastnine

KESKO

Hanner

SG Capital

Orkla

Jysk

Capitalica Asset Management

Bonava

YIT

Vienna Insurance Group

Northern Horizon

Work highlights

  • Advised VIG Fund on the acquisition of three landmark historical buildings.
  • Advising Eastnine on its Valdemara Centrs office property acquisition.
  • Advising Capitalica Asset Management on signing contracts with the construction company Merks for the construction of a business centre.

Eversheds Sutherland Bitāns

Eversheds Sutherland Bitāns has a diverse client roster of developers, construction companies and public authorities, and is one of the most active firms in construction and real estate-related disputes. Ilze Kramiņa has a broad skillset within this space, advising on real estate transactions and construction contracts, as well as land and environment issues. On the contentious side, she has been highly active in administrative court disputes over construction permit appeals. She leads the team alongside senior associate Zanda Zaļuma, who, in addition to real estate and construction matters, has standout expertise in renewable energy projects. They are supported by Ginta Krukle, who specialises in public and administrative law. The firm benefits from its position as the most prominent international law firm based in Latvia.

Practice head(s):

Ilze Kramiņa; Zanda Zaļuma

Other key lawyers:

Ginta Krukle

Testimonials

‘Very professional and knowledgeable.’

‘They had an easy grip of the problem.’

‘I think that what makes Ilze Kramina and Zanda Zaļuma stand out is that in addition to being extremely knowledgeable, precise and able to manage a massive workload, they are also creative and agile enough to be able to bring the best solutions to projects.’

‘Always a professional attitude, very fast and productive cooperation. The service is provided at a high professional level, and the firm’s specialists are responsive and always provide consultations on issues of interest to us.’

‘Ilze Kramiņa and Zanda Zaļuma continue to impress us with their ability to adjust to the changing environment and tasks, often within very tight deadlines. The team has demonstrated detailed knowledge in the real estate and spacial planning fields, together with thorough legal advice. We are certain we are working with an exceptional team of professionals.’

‘Ilze Kramiņa and Zanda Zaļuma are both experts in the field. Ilze Kramiņa is a highly skilled lawyer with detailed knowledge in the construction and real estate sector. Her advice is fully trusted, and her work ethic and the service she provides is always flawless. Zanda Zaļuma continues to demonstrate great attention to detail, and provides speedy advice whenever needed, without losing the high standard of her work.’

Key clients

Kaamos/ K8 Residences

LLC ”Rīgas jahtu centrs “ANDREJOSTA””

Cieceres invest, LLC

City Development Department of Riga municipality

Dzintarkrasta priedes LLC

Energo Wind, LLC

BaltCap Infrastructure Fund

Ivar Günther

LatRosTrans, LLC

Irbis A, LLC/Metro Capital Management

Work highlights

  • Acted for Cieceres Invest in construction litigation, involving issues such as architectural heritage and environmental law.
  • Advised Riga City Municipality regarding the preparation of the new spatial plan for Riga.
  • Providing continuous legal support to LatRosTrans in respect of various real estate and construction-related matters.

Sorainen

With expertise in contentious and non-contentious real estate matters, Sorainen has been active in major construction projects in the area, including the Kekava Bypass, the New Riga Theatre and the Orico Shopping Centre. Lelde Laviņa heads the practice and specialises in real estate and construction, with notable strengths in handling FIDIC contracts, sale and leaseback transactions, and property acquisitions. At senior associate level, Jorens Jaunozols is highly skilled in real estate, construction and constitutional law matters. The firm’s position as a pan-Baltic firm has also increased its capabilities in cross-border work.

Practice head(s):

Lelde Laviņa

Other key lawyers:

Jorens Jaunozols; Natālija Šestakova

Key clients

Luminor Bank

Linstow

YIT LATVIJA

VPH

Valsts Nekustamie īpašumi (SJSC State Real Estate)

Latvijas Pārtikas Ražotājs (“LPR”)

United Bankers Omaisuudenhoito Oy

Kekava ABT

Attīstības aģentūra, a Linstow group company

Rigaburger, Hesburger group company

Work highlights

  • Advised the Kekava ABT consortium members on the bidding stage in relation to participation in the Kekava Bypass project.
  • Acted for SJSC State Real Estate in a dispute with a constructor regarding the reconstruction of the New Riga Theatre.
  • Advising Attīstības Aģentūra on the extension of the Origo Shopping Centre in Riga.

TGS Baltic

TGS Baltic's broad offering covers contentious and non-contentious matters, including commercial agreements, real estate transactions and general compliance. Practice head Linda Štrause has experience of advising on key developments in the market, including assisting the Ministry of Finance with the redevelopment of Riga Castle. Agnese Hartpenga also focuses on real estate with expertise in complementary areas such as environmental law, state aid and public-private-partnerships. Sandis Petrovičs, who focuses on public procurement and disputes, is another key name, as is associate Aija Kreicberga, who has expertise in real estate transactions, construction matters and administrative law.

Practice head(s):

Linda Štrause

Other key lawyers:

Agnese Hartpenga; Sandis Petrovičs; Aija Kreicberga; Harijs Lielvārds; Armands Masulis

Testimonials

‘When talking about real estate development, TGS Baltic are the first firm I turn to. The team has a lot of experience with real estate transactions in the Baltics and they have been involved with most of the biggest projects and sales. Their team has good understanding when it comes to business costs and they have very good partners backed up by very good associates.’

Key clients

Schwenk Latvia SIA (Previously Cemex)

BRC SIA

SIA M257

VAS Valsts nekustamie īpašumi (State Real Estate) and the Ministry of Finance

SEB Banka

Menard Polska Sp ZOO

SIA Flebomedika

Eesti Energia group wind parks in Latvia

Estonia Ministry of Finance

Work highlights

  • Advising the Ministry of Finance on the renovation of Riga Castle.
  • Advising Hepsor in relation to a number of property development projects in Latvia.
  • Advised Moller Real Estate Baltic on its acquisition of two properties.

FORT

With ‘a strong and all-around professional team’, FORT is highly skilled in real estate transactions, leasing agreements and land ownership issues. Jānis Līkops leads the practice and has been particularly active in advising on retail and office properties. The team also includes Sandis Bertaitis, who is highly skilled in property disputes, and Roberts Prusis, who is also experienced in contentious issues as well as being highly capable in transactional and leasing work.

Practice head(s):

Jānis Līkops

Other key lawyers:

Sandis Bertaitis; Roberts Prusis; Vita Rancane

Testimonials

‘FORT has a strong and all-around professional team that is capable of providing us with top-quality advice on all issues that arise in our course of business. Their team works quickly and efficiently.’

‘Jānis Līkops is the key person when it comes to real estate matters, and has extensive and in-depth experience in asset and M&A transactions. Sandis Bertaitis in turn is well known as a reputable attorney-at-law in dispute resolution. He can provide well-grounded and logical solutions in different disputes. We can always reach out to any of them and receive business minded and prompt assistance. We have also closely worked with associate Vita Rancane – we like that she works very quickly and is precise and well experienced in real estate and lease matters.’

Key clients

Capital Mill

Colliers

Latvian Red Cross

LNK Group

Nevertel

Real Invest

Rotermann

Vastint

Work highlights

  • Advised VCenter on the sale of Valdemara Centrs.
  • Advised Piche on the sale of a newly built logistics and industrial park in Riga.
  • Advising Hotel Property on its acquisition of 100% of the shares in the company.

Kronbergs Cukste Levin

Kronbergs Čukste Levin has standout strengths in the sport and transport sectors, and has been instructed on major stadium and transport infrastructure projects. Valters Kronbergs leads the practice and handles transactions, contracts and leasing issues. Vineta Čukste–Jurjeva is another key name who is particularly strong in public procurement.

Practice head(s):

Valters Kronbergs

Other key lawyers:

Vineta Čukste-Jurjeva; Normunds Orols

Testimonials

‘Very professional.’

Key clients

TET (ex Lattelecom)

Microsoft Corporation

Marquee Wireless Inc.

Sun Finance Group

whiteCryption

BT Latvia Limited

The Public Utilities Regulator

Sandoz

Monetizator

4Finance

Rotary International

Clusterpoint

DHL

Lokalise, Inc.

Tenapors/Tenax

Suncrisp SIA

Bāka-2

Nordigen Solutions

Mailigen

Fontes Executive Search and Fontes Vadības konsultācijas

Panasonic

3M

Electrolux

Nikon

4F Latvia

FITEK AS

Work highlights

  • Advised stated-owned Daugava Stadium on drafting an agreement for the construction of new multi-purpose sports infrastructure and the reconstruction of existing infrastructure.
  • Advised the Ministry of Transport on the restructuring of Latvia’s ports.
  • Advised Karlsberg on a real estate acquisition financing structure and lease agreement with a buyout option.

WALLESS (former Primus Derling)

WALLESS (former Primus Derling) is well versed in real estate transactions, construction projects and public procurement matters. Outside these core areas, the team is also strong in lease agreements and contentious matters, as well as property matters involving airports. Kristīne Gaigule-Šāvēja leads the practice and is particularly renowned for advising on projects pertaining to the energy and transport sectors. She is supported by senior associate Andis Ozoliņš, who is highly experienced in assisting with lease agreements.

Practice head(s):

Kristīne Gaigule-Šāvēja

Other key lawyers:

Andis Ozoliņš

Key clients

A.C.B. AS

AIRWAVE OU

Bonus Holding

BTA Baltic Insurance Company AAS

DEPO DIY SIA group companies

Energia verde SIA

Graanul Invest AS

Kauno Tiltai

LSEZ Dan Store SIA

Lumi Capital

Novira Capital OU

Pilnsabiedriba “BERERIX”

Plieņciema centrs SIA

Rizzani de Eccher SpA

Santa Monica Networks

TILTS SIA

UCTAM Baltics

Vilomix Baltic SIA

Work highlights

  • Advised Rere Būve on a Rail Baltica public procurement contract for a building design and construction project.
  • Assisted Lumi Capital with the acquisition of a logistics complex.
  • Advised Vilomix Baltic on its negotiations with a municipality on the construction on a land plot.

Šķiņķis Pētersons

Šķiņķis Pētersons is a boutique practice with ‘deep knowledge in construction and administrative proceedings and spatial planning’. Name partners Mārtiņš Pētersons, who is an expert in public, constitutional and administrative law, and Matīss Šķiņķis, a renowned name in public law and spatial planning, are the key contacts. The team’s workload is generally distributed between the partners, with Pētersons working on construction projects and Šķiņķis focusing on contentious issues.

Practice head(s):

Matīss Šķiņķis; Mārtiņš Pētersons

Testimonials

‘Deep knowledge in construction and administrative proceedings and spatial planning.’

‘The firm’s lawyers are experts in administrative and constitutional law and litigation, which in Latvia includes construction and real estate issues. They always answer our questions quickly and accurately.’

Key clients

Hausers Grupp

Fortum Latvia

Omnium Properties

Latvian Football Federation

Rimi Latvia

Lake Development (Fortum)

1Home Group

Euroaptieka

Energoremonts Riga

Work highlights

  • Assisted Hausers Grupp with the establishment of its business in Latvia, as well as in particular construction projects.
  • Advising Rimi Latvia in relation to a dispute over illegal building on the client’s land plot hindering the construction of a shopping mall.
  • Advising 1Home Group on renovation projects for student hotels.

Rödl & Partner

Rödl & Partner is experienced in real estate transactions, construction projects and commercial lease agreements. This workload has typically involved properties in the retail, public and energy sectors. The team is led by Kristīne Zvejniece and Sanda Lāce, who rejoined the firm in December 2019 after her time as a sole practitioner.

Practice head(s):

Kristīne Zvejniece; Sanda Lāce

Other key lawyers:

Inese Lazdupe; Staņislavs Sviderskis

Testimonials

‘As far as I was concerned, the Rödl team was very efficient and supportive towards us as a rather difficult customer in a rather complicated case.’

‘Kristīne Zvejniece is simply excellent, always in the right place and doing the right thing.’

‘Staņislavs Sviderskis is excellent, very professional, precise and pays attention to details.’

‘I consider Sanda Lāce to be highly competent and skilled. She always answers emails within a few hours and has a unique ability to solve issues quickly and effectively. I am happy to give her my very best recommendations.’

Key clients

Premier Restaurants Latvia – McDonalds franchisee

STOCKHOLM SCHOOL OF ECONOMICS IN RIGA SIA

Color Expert-Storch LV SIA

Dinair Filton SIA (AAF International BV)

KRAG Holding SIA

VAN GRAAF GmbH, Van Graaf Latvia SIA(Peek & Cloppenburg Hamburg group)

BALTIKA LATVJA SIA

This Studio

HSH Chemie GmbH

Thales Group

Schaeffler Technologies AG & Co. KG

Biedrība “Latvijas Atjaunojamās enerģijas federācija”

Jonathan Yaron

Work highlights

  • Providing long-term support on many real-estate related matters to McDonalds franchisee Premier Restaurants Latvia.
  • Advised the Stockholm School of Economics on the acquisition of a property.
  • Advised the Latvian government with regard to amendments to the Electricity Market Law, which relates to the construction of renewable energy projects.

BDO Law

BDO Law is an expert in matters in the public sector, advising on public procurement, public-private partnerships and construction agreements involving state-owned buildings and infrastructure. The team is led by Jānis Zelmenis and Vita Liberte, with Zelmenis typically handling contentious property matters and Liberte usually focusing on projects and advisory work.

Practice head(s):

Jānis Zelmenis; Vita Liberte

Key clients

TILTS, SIA

Nikoteh Monolīts

CORMELA SA

Smilšu 12

Work highlights

  • Acted for TILTS in a civil lawsuit against the Daugavpils City Council and an associated construction project company.
  • Advised Nikoteh Monolīts on the debt recovery process against the general contractor.
  • Advised Cormela SA on a construction contract involving a historical building.

KLOTINI & SERGIS

KLOTINI & SERGIS is a respected name in real estate and construction, with expertise in contentious and non-contentious issues. The team's disputes work has tended to involve contractual breaches, municipality issues and environmental law. Founding partner Varis Klotiņš is a name of note.

NJORD Law Firm

NJORD Law Firm is experienced in advising on real estate transactions, construction contracts and leasing agreements, with a client base consisting of companies from the Baltics as well as the rest of Europe. Asset classes of particular interest include residential, commercial and industrial properties. Dmitri Kolesnikov is the key name of note.

Practice head(s):

Dmitri Kolesnikov

Testimonials

‘With regard to real estate cases I consider NJORD as real professionals.’

‘Dmitri Kolesnikov assists my firm in different areas. I like having one contact in the law firm and appreciate his skills in different legal areas.’

Key clients

LV Property SIA

NEWSEC LV SIA

Park Hotel Kemeri SIA

Fit PEOPLE

SIA Plienciema 16

AVESTS SIA

Adventika Group SIA

SIA TAL Residence

Work highlights

  • Advised LV Property on the acquisition and lease-back of properties of the legendary Aldaris brewery in Riga.
  • Advised Avests SIA on the acquisition of title to a warehouse and the ensuing privatisation of the land that the property is on.
  • Acted for fit People in a dispute regarding unpaid rent payments for the leased premises.

VILGERTS

VILGERTS has expertise in both contentious and non-contentious matters, covering both real estate and construction. This workload has included transactional work, construction contracts and lease agreements, as well as litigation. The team is led by name partner Gints Vilgerts and senior associate Vairis Dmitrijevs.