Real estate and construction in Latvia

Cobalt

Cobalt has a leading position in major industrial construction projects, including those concerning power plants. It also has a strong track record in the commercial property arena, where it acts for commercial property developers and owners in Latvia. Beyond handling construction-related work, managing partner Dace Silava-Tomsone is sought-after for advice on acquisitions, large-scale leases and disputes. Gatis Flinters, who focuses on infrastructure projects, is another name to note.

Practice head(s):

Dace Silava-Tomsone

Other key lawyers:

Guntars Zīle; Toms Šulmanis; Gatis Flinters; Sergejs Rudāns

Testimonials

‘Professional attitude and high level of competence bring the COBALT Law firm to a highly professional level.’

‘I would like to mention Guntars Zile – the best professional I have ever met during my work in real estate sector for more than 16 years.’

Key clients

Corum Asset Management

VPH group

Swietelsky AG

Kapitel SIA

Decathlon

AFI Investments SIA

Consolis Latvija SIA

Latvenergo AS

Lidl Latvia SIA

Linstow group

AirBaltic Corporation AS

ABB, SIA

Pindstrup Latvia

Workland Latvia

Astor Group

Work highlights

  • Advised EURION Fund managed by Corum Asset Management in a landmark office property acquisition from Baltic RE Group.   Transaction was among TOP 10 real estate transactions in Latvia in 2020.
  • Advised SEB Group’s business services centre in Riga on negotiating a long-term lease agreement of 11,000 m2 of custom-built office premises in a newly constructed business centre GUSTAVS.
  • Advising Air Baltic on contractual matters related to construction of Maintenance, Repair & Operation (MRO) hangar at its home base, Riga International Airport.

Ellex

Ellex has a strong track record in real estate transactions and leasing matters, and it is noted for its work for major investment funds and trusts, as well as high-profile retailers. The firm's workload covers a number of asset classes, including commercial, retail and residential properties. Ivars Pommers heads up the team, which includes Ilga Gudrenika-Krebs, who recently advised a multinational retailer on the property aspects of its entry into the Latvian market. Inita Jurka, whose core area of interest is in commercial property transactions, is another name to note.

Practice head(s):

Ivars Pommers

Other key lawyers:

Ilga Gudrenika-Krebs; Inita Jurka

Testimonials

‘Professionalism, attention to detail’

‘Very attentive, highly professional’

‘Vey profesional services related to real estate and construction.’

‘Ivars Pommers is excepcionaly profesional’

Key clients

Catella Corporate Finance

Ingleby Latvia Agro, SIA

IKEA Latvian franchise holder SIA Paul Mason Properties

IKEA Latvian store developer and owner SIA Verus Praedium

AAS “BTA Baltic Insurance Company”

Lords LB Asset Management

New Century Holdings

Luminor

Swedbank AS

Printful

SPI Group Companies

Pillar

Blackstone

Eastnine

KESKO

Hanner

SG Capital

Orkla

Jysk

Capitalica Asset Management

Bonava

YIT

Vilvi Group

Work highlights

  • Advising BTA Baltic Insurance Company on acquiring a large residential portfolio in Riga from real estate private equity company Rentejas.
  • Advised the Lithuanian investment fund Lords LB Baltic Green Fund (V) in acquisition of an office building in Old Riga.
  • Advising Eastnine on acquiring a property portfolio including two office properties in Riga and Vilnius.

Eversheds Sutherland Bitāns

Eversheds Sutherland Bitāns maintains a first-rate reputation in both contentious and non-contentious real estate and construction matters, with Ilze Kramiņa at the helm of the practice. Kramina’s non-contentious work involves advising on real estate transactions, construction agreements and environmental compliance. On the contentious side, she primarily focuses on administrative cases concerning construction permits and land ownership. She is supported by Ginta Krukle, who is skilled in advising on obtaining public approval for construction and real estate developments.

Practice head(s):

Ilze Kramiņa

Other key lawyers:

Ginta Krukle

Testimonials

‘Eversheds Sutherland Bitans team provides us with full service legal assistance and consistency in both the quality of the legal advice and the client service.’

‘I feel like Eversheds Sutherland Bitans invest in new programmes and services every year to make the cooperation seamless for the client. The team stands out for its proactivity, innovative thinking, where necessary, and the drive to find the best possible solution, even when it is not the easier one. I think that this is a unique ability that not all lawyers I have worked with have.’

‘I continue working closely with Ilze Kramina and her team. I think that what makes them stand out is that in addition to being extremely knowledegable, precise, and being able to manage massive workload, they are also creative and agile enough to be able to bring best solutions to projects like the spacial plan.’

‘Ilze Kramina – very hands on and into details for a partner.’

‘High-quality service provided due to the excellent knowledge of the domestic market and situation. Valuable experience, track record of cases and know how. Certain flexibility. Ability to adapt to a situation quickly when opponents are switching from one kind of arguments to another.’

‘Quick understanding of the issues, ability to adapt to changing situation.’

Key clients

Cieceres invest, LLC

Latzeme OU

Kokneses spv

LatRosTrans, LLC

Grupa93

Energo Wind, LLC

Kaamos group

Irbis A, LLC/Metro Capital Management

Jugla LLC

Microsoft Latvia

PB17A

Lars Pantzlaff

Inga Leinemann

Work highlights

  • Advised LLC Cieceres Invest in a construction litigation, which encompass complex issues related to the interpretation of architectural heritage protection regulation, as well as environmental, construction and constitutional law.
  • Advised Riga city municipality regarding the preparation of the new spatial plan for Riga.
  • Continuous legal support to LLC LatRosTrans in respect of various real estate/construction related matters to the LatRosTrans, which provides transportation of diesel fuel from the Belarussian border to Ventspils.

Sorainen

Sorainen has a strong pedigree for handling some of the largest real estate development projects and investments in the region. Led by practice heads Lelde Laviņa and recently promoted partner Jorens Jaunozols, it also advises on leases, environmental issues and property litigation, as well as sale and leaseback transactions. Senior associates Viktorija Smirnova-Čerkasa and Andris Vilisons are also noteworthy names.

Practice head(s):

Lelde Laviņa; Jorens Jaunozols

Testimonials

‘Highly motivated team that provides excellent support and follow-up to clients. They take pride in knowing the business of their clients and take responsibility for progress in their business. Jorens Jaunozols is our key contact on contract execution. He holds great knowledge and experience and is truly dedicated to helping clients succeed.’

‘Sorainen reacts promptly to its client’s needs. Compared to other firms, Sorainen stands out because of its strong vision about the solution it is offering. This is why the client can be confident and there is no need for the client to contribute much additional time and resources in the solution of the issue.’

‘With Jorens Jaunozols, we have established a near daily contact during a series of complex transactions and contract negotiations during the pandemic (acquisition, development, leasing). The legal expertise and deep personal involvement is invaluable beyond estimation to our project team, in a business environment where we often are working on complex issues under time pressure.’

‘Partner Lelde Lavina – thanks to her unique and most significant experience and her sharing of best practices and initiatives on most suitable directions, even the most complicated deals happen to be possible. Great team work as TGS Baltic always work as a team.’

Key clients

Kekava ABT

Rail Baltica

YIT

Linstow

Lords LB Baltic Fund III

Fortum

Riga Retail Park SIA

Rīgas Cirks VSIA

Work highlights

  • Advised the consortium Kekava ABT to sign a 3+20 year DBFM contract with the Latvian state for the 17.5 km Kekava bypass on the Via Baltica route, with financing from the European Investment Bank and the Nordic Investment Bank.
  • Advised Fortum on the sale of its district heating business in the Baltics

TGS Baltic

TGS Baltic’s multidisciplinary practice, which is led by Linda Štrause, covers transactional work, public procurement, construction agreements and regulatory compliance. Sandis Petrovičs assists with public procurement issues, as well as transactions involving the purchase and sales of major land plots. Another key individual is Agnese Hartpenga, who has experience of infrastructure projects. Associate Aija Kreicberga is also a name to note.

Practice head(s):

Linda Štrause

Other key lawyers:

Sandis Petrovičs; Agnese Hartpenga; Aija Kreicberga

Testimonials

‘Great team work as TGS Baltic always work as a team.’

‘Linda Štrause is always responsive, proactively provides information on the development and progress of the legal case, provides experience-based recommendations.’

Key clients

Moller Real Estate Baltic AS

University of Latvia

A.C.B.

Hepsor Group

Granul Invest

Ministry of Finance, State Real Estate

Schwenk Latvia

Inchape Motors Latvia

AS Retail Mežaparks

AB Kauno Tiltai

Work highlights

  • Advised Moller Real Estate Baltic AS on the acquisition of a land plot of 2.311 ha in Riga near the Riga International Airport and a former British American Tobacco Latvia office-warehouse building.
  • Advised Daugavpils siltumtīki on the construction of a new boiler house on wood chips on the territory of CHP-3.
  • Assisted real estate company AS Retail Mežaparks with the sale of a large land plot in Mežaparks.

FORT

The 'highly professional and business-minded' team at FORT advises on property developments, transactions, property maintenance and management, as well as sale and leaseback transactions. It has expertise in matters concerning residential, office and commercial assets. Jānis Līkops heads up the practice, which counts the IKEA subsidiary Vastint Latvia as a key client. The team is also highly skilled in real estate and construction disputes, largely owing to the expertise of Sandis Bertaitis. Senior associate Roberts Prusis is also recommended.

Practice head(s):

Jānis Līkops

Other key lawyers:

Sandis Bertaitis

Testimonials

‘FORT not only has exceptional lawyers, but they also provide very valuable business advice. Other strengths include very fast reaction time and efficiency. Also communication is very pleasant and easy. We love working with them and feel safe. If something can not be done, they will tell you it in advance.’

‘The level of service provided by FORT is highly professional and business-minded, and the speed of service is very good. FORT and its lawyers fully understand our needs and the specifics of our organization. They are very professional, proactive, and come up with very business-minded solutions.’

‘We highly appreciate the work done by the whole team at FORT. We are especially impressed by and value the great abilities, skills, and significant experience of the partner, attorney-at-law Janis Likops, who is our trusted adviser, a truly amazing negotiator and a very experienced business-minded professional.’

‘FORT has an amazing team and it is very competitive compared to other law firms we have seen even outside Latvia. Every team member involved in the case always provides us with highly professional and to the point assistance based on extensive knowledge and practical experience.’

‘Outstanding law firm with the best team in the market. They have very good real estate knowledge and extensive experience of all matters related to real estate. The best quality and timely deliverables. FORT excellently handles daily and complex issues, including high-profile deals.’

‘The partner, attorney at law Janis Likops stands out for his very good communication, responsiveness, industry knowledge both from the theoretical and practical side. We also highly appreciate his ability to provide the best-quality advice in a very timely manner.’

Key clients

Capital Mill

Krassky

Latvian Red Cross

LNK Group

Cityparks Latvia

Piche

Real Invest

Rotermann

Södra

Vastint

Work highlights

  • Advised Vastint Latvia SIA on the sale of an A-Class office building and an underground parking in the historical centre of Riga, Latvia.
  • Assisted Vastint Latvia SIA with the development of Riga Business Guarden, a new office building campus in Pārdaugava with more than 70,000 m² of modern and comfortable office space.
  • Assisted Rotermann Latvia with the development of Rotermann Square, a modern block in the centre of Riga.

Kronbergs Cukste Levin

Kronbergs Cukste Levin's recent portfolio of work included mixed-use development projects, property acquisitions and disposals, financings, lease agreements and real estate M&A. Corporate and commercial partner Valters Kronbergs, who leads the team, is supported by procurement expert Vineta Čukste–Jurjeva.

Practice head(s):

Valters Kronbergs

Other key lawyers:

Vineta Cukste-Jurjeva

Key clients

Forma

Hausers

Jurmalas Businesa Centrs

Estate Guru

InterTrust / White Cryption

Skonto Buve

AVON

JSC Latvian Railways

Mara Adams

LION RE

Franzoni & Co

Microsoft

OÜ Baures

Peek & Cloppenburg

ISMS Limited

European Railway Lines

State owned company Kulturas un sporta centrs Daugavas stadions

SIA Ambient Home

Janis Auns

DHL

Tenax

Electrolux

Avesco

OTCF Y

Linstow

Work highlights

  • Assisting Forma 2 with legal matters pertaining to construction of Riga Airport train station for RailBaltica
  • Drafting contracts for multiple mortgage financing transactions for EstaeGuru, advising on cross-borderenforceability of security for real estate transactions
  • Providing legal advice regarding reconstruction of sports hall to y Kulturas un sporta centrs Daugavas stadions.

WALLESS (former Primus Derling)

WALLESS (former Primus Derling) has a strong profile among domestic and international real estate developers, for whom it handles all the intricacies of the real estate and social infrastructure development process. It also advises on planning and zoning, as well as land use. Elsewhere, work for corporate real estate investors is another mainstay of the practice; the work in this space encompasses project funding, incorporation of SPVs, acquisitions, asset management and dispute resolution. Kristīne Gaigule-Šāvēja leads the team, which also includes senior associate Andis Ozoliņš.

Other key lawyers:

Andis Ozoliņš; Laura Tumiņa

Key clients

Consortium “BERERIX”

Starptautiskā lidosta “Rīga”

Kauno Tiltai

Skonto Būve SIA

RERE GRUPA

A.C.B. AS

UCTAM Baltics SIA

Depo DIY, SIA

Lumi Capital

Lumi Retail Property

Novira Capital OU

Graanul Invest AS

Santa Monica Networks

LSEZ Dan Store SIA

AJ POWER SOLAR AS

TILTS SIA

Rizzani de Echer

BHM group

Work highlights

  • Advised Consortium “BERERIX” on fulfilment of Rail Baltica public procurement construction contract.
  • Advised VAS “Starptautiskā lidosta Rīga” on conclusion of building rights agreement forconstruction of a new aircraft hangar
  • Advised Lumi Retail Property on acquisition of a shopping center in Riga.

Rödl & Partner

Rödl & Partner’s team is skilled in assisting clients with real estate transactions involving single assets and portfolios, as well as negotiating lease agreements and real estate litigation, among other matters. Leading the team are Kristīne Zvejniece, who has a focus on residential, retail and agricultural properties, and Sanda Lāce.

Key clients

KM Consulting UAB

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

Premier Restaurants Latvia – McDonalds franchisee

MATTHAI SIA

LLOYD Shoes GmbH

Baibas Strupišas juridiskais birojs

Work highlights

  • Advised Swisscom on a long-term lease agreement.
  • Advised KM Consulting UAB on a broad spectrum of matters in relation to development of large aquaculture space in Latvia.
  • Advised LLOYD Shoes GmbH on its acquisition of LLOYD Shoes concept stores in Latvia, Lithuania and Estonia for SIA Euroskor Latvija.

VILGERTS

VILGERTS is highlighted for its strong track record in development projects, commercial leases, real estate M&A and dispute resolution. Its work spans a number of industries, such as financial institutions, hospitality, aviation, rail and manufacturing. In the retail arena, the firm acted for Summus Capital on the purchase of the Riga Plaza shopping centre; practice head and managing partner Gints Vilgerts led the advice to the client on this mandate.

Practice head(s):

Gints Vilgert

Testimonials

‘Very professional team with a high level of attention to client needs directly from the managing partner.’

‘Managing partner Gints Vilgerts is very professional with high ethics, and is very experienced in construction and real estate development-related issues, including disputes.’

Key clients

Air Baltic Corporation

EMTA Group

BPM Capital

Estera Development

The State Environmental Service of the Republic of Latvia

Merks

Invalda

Rimi

Inova Baltic

East Capital Real Estate

LATIO SIA

Bauroc SIA

Colonna

Zenith Capital Management

BAO AS

Dommo

Grupa

Omniva

Saliena

VGP

PKN Orlen

Baltrade

ALTUM

Work highlights

  • Advised SUMMUS CAPITAL OÜ and Mr Ivar Vendelin on the acquisition of the “RigaPlaza”, a shopping and entertainment center.
  • Advised Merks on a landmark dispute with Riga International Airport.
  • Advised private equity fund, East Capital Real Estate, in the sale of a shopping center.

Šķiņķis Pētersons

Šķiņķis Pētersons fields ‘experts in construction, spatial planning and administrative law disputes’.  Since its inception in 2018,  the team has attracted significant clients such as Fortum and the Latvian Football Federation. Mārtiņš Pētersons and Matīss Šķiņķis lead the group, both of whom specialise in real estate and construction disputes.

Testimonials

‘Very private approach. Knowledgeable & precise.’

‘Firm lawyers are experts in construction, spatial planning and administrative law disputes. We usually get fast answers and they explain complicated legal issues to us.’

‘The law firm has extensive experience in their field of expertise, the quality of services is very high, services are delivered in a timely manner. We appreciate that the firm uses available technologies (e.g., online communication, submission of documents, e-signatures), which accordingly facilitates and expedites communication and the whole process as such.’

‘Our responsible partner was Martiiš Petersons, who was very hands-on, had studied our subject matter to great depth, was very proactive with client’s interests in mind, accordingly was able to offer several solutions for the continuation of the case, even when it seemed that it was closed and over.’

Key clients

International School of Latvia

Fortum Latvia

Euroaptieka

Latvian Football Federation

Rimi Latvia

Omnium Properties

1Home Group

Energoremonts Riga

Inhabitants of Āgenskalns, Rīga

Latvian Association of Architecture

Work highlights

  • Represented Rimi Latvia in a court dispute against an neighbour, which allowed to open shopping mall “Aleja”.
  • Advised 1Home Group in opening Duck Republik student hotel in Riga
  • Represented International School of Latvia in a court dispute with head architect, which allowed to change the architect and complete the construction proceedings of new wing and renovation of campus

BDO Law

BDO Law has a multifaceted real estate and construction practice. On the non-contentious side, the group assists clients with transactions, lease agreements and planning matters. Contentious work includes cases involving construction and procurement issues. Vita Liberte and Janis Zelmenis co-head the team.

Practice head(s):

Vita Liberte; Janis Zelmenis 

Key clients

Tilts

Nikoteh Monolīts

Mira-G

Work highlights

  • Advised TILTS, SIA on a procurement dispute against the Daugavpils City Council.
  • Advised the construction company Nikoteh Monolīts on an out-of-court debt recovery process against a general contractor.
  • Provided legal support to its Mira G the owner of the five-star Grand Hotel Kempinski Riga, to the Limited Liability Company Mira-G in connection with the conclusion of a long term lease agreement with SIA Olympic Casino Latvia.

NJORD Law Firm

NJORD Law Firm advises on real estate transactions and commercial lease agreements, with a focus on residential, commercial and industrial properties. The team has been particularly active in advising subsidiaries of the now insolvent PNB Bank on rent payment disputes. Dmitri Nikolaenko heads up the practice.

Practice head(s):

Dmitri Nikolaenko

Testimonials

‘Experienced in sector. Approachable and accessible.’

Key clients

NEWSEC LV SIA

Park Hotel Kemeri SIA

Saliena SIA

Fit PEOPLE

SIA Plienciema 16

PL Holding GmbH

AVESTS SIA

Adventika Group SIA

SIA TAL Residence

Work highlights

  • Advised People Work Coworking on a court dispute regarding unpaid rent payments for the leased premises.
  • Advised Park Hotel Kemeri SIA on its restructuring.
  • Advised fit PEOPLE on court dispute regarding unpaid rent payments for the leased premises.