Cobalt‘s real estate, energy and infrastructure department assists leading developers and investors with large commercial and industrial real estate and construction projects, handling a mixture of contentious and non-contentious matters. The practice is also mentioned for its specialisms in energy development and renewables; energy sub-group head Gatis Flinters is key in these areas. With over 25 years’ experience, Dace Silava-Tomsone heads up the wider practice. Toms Sulmanis brings additional expertise in residential and commercial property to the group. Associate Juta Meimere is noted for transactional and lease-related work, while Artūrs Valderšteins specialises in energy, planning and administrative disputes.
Real estate and construction in Latvia
Cobalt
Praxisleiter:
Dace Silava-Tomsone
Weitere Kernanwälte:
Gatis Flinters; Toms Sulmanis; Juta Meimere; Artūrs Valderšteins
Kernmandanten
AFI Investments SIA
AirBaltic Corporation AS
Astor Group
Baltic Green Investments
Consolis Latvija SIA
Corum Asset Management
Enersense
Hili Properties
Hepsor Latvia OÜ
I Asset Management
Kapitel SIA
Latvenergo AS
Linstow group
Swietelsky AG
VPH group
Volvo Truck Latvia
Workland Latvia SIA
Eiffage Genie Civil
Highlight-Mandate
- Advising Air Baltic on the development of its Maintenance Repair & Operation hangar at its home base, Riga International Airport.
- Advising real estate developer VPH on the development of a new shopping complex in the centre of Riga, with an investment of up to €40m.
- Assisted energy infrastructure contractor Enersense SIA, within the formation of a joint venture with Siemens Energy Global GmbH & Co. KG, with the supply and installation of three synchronous condensers for the Latvian transmission system operator, with a total contract value of €114m.
Ellex
Ellex‘s team covers the spectrum of transactions, registrations, leasings, and litigations in the real estate and construction space. The practice advises developers and investment funds on projects ranging from complex mixed developments, to wind and solar parks. Practice head Ivars Pommers is well versed in real estate, construction, environmental, and tax structuring issues. Ilga Gudrenika-Krebs is noted for her experience in assisting those entering the Latvian market. Other key contacts include commercial expert Inita Jurka, disputes specialist Anete Dimitrovska, and associate Inese Freivalde.
Praxisleiter:
Ivars Pommers
Weitere Kernanwälte:
Ilga Gudrenika-Krebs; Inita Jurka; Anete Dimitrovska; Inese Freivalde
Referenzen
‘Extremely loyal and trustworthy firm. Highest level of integrity is the name of the game with the Ellex real estate team.’
‘Ivars Pommers is the hall of famer for the RE industry in Latvia. Not only the insights to best market practises, but also general understanding of the market is superb.’
‘Solid team with all-round legal coverage on various subjects. You know that it is a one-stop shop for all your legal needs, with solid representation in all three Baltic countries.’
Kernmandanten
Blackstone
IKEA Latvian franchise holder SIA Paul Mason Properties/SIA Verus Praedium
Eastnine
VIG Fund
Swedbank AS
Luminor
Bonava
YIT
Orkla
Kesko
VMG Group
Jysk
SUPPA Advisers
Ingleby Latvia Agro, SIA
BTA Baltic Insurance Company
Sportland
Lords LB Asset Management
SG Capital
Capitalica Asset Management
Northern Horizon
Hanner
Estera Development
Vilvi Group
SPI Group Companies
Pillar
New Century Holdings
Itella
Wilo
UCB
Amber Beverage Group
UAB “SIRIN Development”
Ramboll (Rail Baltica)
Enefit Green
FactSet
EestiGaas
UCB
Jysk
Highlight-Mandate
- Advising Lords LB on multifunctional office, retail and hotel development Preses Nama Kvartāls in Riga.
- Advised IKEA’s Latvian franchise holder on opening an IKEA store in Latvia, assisting with all related infrastructure and development matters.
- Advised real estate developer Hanner Group on the sale of Place Eleven to East Capital Real Estate.
Eversheds Sutherland Bitans
Led by Ilze Kramiņa, the real estate and construction team at Eversheds Sutherland Bitāns advises on a breadth of high-value transactions and construction agreements. Lease agreements are anothe areas of expertise, as are relevant administrative and civil disputes. Ginta Krūkle has wide-ranging expertise in public law, real estate and disputes. Senior associate Laima Eglīte is another key team member, highlighted for her focus on territorial planning and renewables issues.
Praxisleiter:
Ilze Kramiņa
Weitere Kernanwälte:
Ginta Krūkle; Laima Eglīte
Referenzen
‘In the Latvian market, you need a trustworthy adviser who has expertise in the field you are working. Eversheds Sutherland Bitāns is trustworthy and has very deep knowledge about real estate and construction.’
‘I have been working in cooperation with Ilze Kramiņa and Laima Eglīte. They are both professionals in the real estate field.’
‘Excellent collaboration.’
Kernmandanten
LHV Varahaldus (LHV Bank pension funds)
AB Wind, AS
Council of Riga City (Riga municipality)
LiveOn group of companies
Latzeme OÜ
Valsts nekustamie īpašumi, JSC
Energo Wind, LLC
Smartecon OÜ
Kaamos Group
Salaspils Municipality Council
AAS “BTA Baltic Insurance Company” subsidiaries
Liepāja Special economic zone Administration
Highlight-Mandate
- Successfully represented Riga municipality before the Constitutional Court in respect of a new Territorial Plan which is being challenged by a Minister.
- Advising the LiveOn group companies in the Baltic on real estate portfolio development and management.
- Advised Energo Wind LLC on the sale of its 93MW wind farm development project to investors.
Sorainen
Sorainen fields a large and skilled real estate and construction practice, with highlights ranging from the development of company HQs, to large-scale purchase and lease transactions. The team has also been highly active in energy and renewables projects. The practice is headed up by Lelde Laviņa, a transactional specialist, and Jorens Jaunozols, who has extensive dispute resolution expertise. Jānis Līkops was a new arrival in April 2024. Viktorija Smirnova-Čerkasa left the firm.
Praxisleiter:
Lelde Laviņa; Jorens Jaunozols
Weitere Kernanwälte:
Jānis Līkops
Referenzen
‘The uniqueness of Sorainen’s team lies in its pan-Baltic span.’
‘I have experienced good legal advice from Jorens Jaunozols and Lelde Laviņa in Latvia.’
‘In-depth legal knowledge which is highly relevant for our real estate business. Easily accessible sparring partners and legal counsel for our real estate business.’
Kernmandanten
RB Rail
Tietoevry Banking Latvia SIA
Linstow
Regus Management Latvia SIA (IWG Company)
Entrepreneurs for Peace
SIA Rigaburger (Hesburger fast food restaurant chain group company)
Union Capital
Sunly Infra SIA (Sunly renewable energy group company)
YIT
SIA Riga Retail Park (VPH real estate development group company)
IWG Group company SIA “RIGA CENTRE COMPANY NO 1”
IWG Group company SIA “Riga Centre Company No. 3”
Utilitas
Simmons & Simmons
Highlight-Mandate
- Advising RB Rail AS on the establishment of the European-width fast double-track Rail Baltica railway project.
- Assisted Tietoevry Banking Latvia SIA, the developer of the Verde office centre, with a lease transaction.
- Assisting Linstow with the development of SEB’s Latvian HQ.
TGS Baltic
Described by a client as 'one of the leading providers of legal assistance in the entire market’, TGS Baltic assists a broad range of property owners, developers, and financial institutions with a range of big-ticket real estate and construction matters, ranging from transactions and joint ventures to disputes. Head of real estate and co-head of energy, Linda Štrause, has extensive expertise in infrastructure and environment law matters. Agnese Hartpenga is prominent on regulatory matters, especially those involving wind and solar power. Senior associate Aija Kreicberga is another integral member of the team.
Praxisleiter:
Linda Štrause
Weitere Kernanwälte:
Agnese Hartpenga; Sandis Petrovičs; Aija Kreicberga; Normunds Staris; Dita Buša
Referenzen
‘TGS Baltic Law Firm is, in our opinion, one of the leading providers of legal assistance in the entire market. The legal team is responsive and goal-oriented, which ensures the fastest possible result. Every situation is handled professionally to achieve the most beneficial solution for the client.’
‘The most professional real estate team in the market. Linda Štrause, Dita Buša, Normunds Staris and Aija Kreicberga will provide structured, intelligent and immediate legal assistance at any time.’
‘Linda Štrause’s team has extensive experience in transactions, as well as disputes, which are beyond the scope of everyday activities. Linda is a key partner in almost all of our real estate projects. The thing that sets her team apart from others is the core strength and knowledge they are using.’
Kernmandanten
Green Genius
Latvenergo AS
Invego OU
Flebomedika SIA
Vestas Wind Systems AS
Moller Mobility Group
VOLTERRA ENERGY GROUP LTD
Strabag
Menard
University of Latvia
Graanul Invest group
DPD Latvija
Latvian Tennis Union
Modo Golf
TIKKURILA
Association of SOS Children’s Villages Latvia
State Real Estate
Grindeks
Highlight-Mandate
- Assisted Green Genius with the acquisition of a 100MW solar PV park project in Latvia.
- Assisted a group of Estonian investors with a real property acquisition at Duntes street 34 in Riga.
- Assisting the University of Latvia with the development of a new campus in Torņakalns, Riga.
FORT
FORT‘s ‘reputable and business-oriented’ team advises a multitude of property developers, private equity firms, and other investors on leasings and acquisitions. The team also has experience assisting regulatory bodies with various compliance issues. Key names include Sandis Bertaitis and Vita Rancane. Since publication, Jānis Līkops left the firm.
Weitere Kernanwälte:
Sandis Bertaitis; Vita Rancane
Referenzen
‘FORT’s practice is unique, because all their lawyers respond to our questions and perform assignments quickly, and their answers are always understandable, and deadlines are always met.’
‘They are quick to respond, polite, have the talent to explain difficult problems easily and help us to avoid and manage problems that are ”upcoming” but not yet seen by us.’
‘The team of the real estate and construction practice is simply outstanding. The team consists of numerous experts, who also see the bigger picture and altogether bring the client full scope of legal advice.’
Kernmandanten
Baltijas Industrialais Parks
Capital Mill
Rotermann
Eika Asset Management
Krassky
Latvian Red Cross
LNK Properties
Piche
Sodra
Vastint
Highlight-Mandate
- Assisting LNK Properties group with the development of several real estate projects.
- Assisted the Latvian Red Cross with restitution matters concerning the client’s historic real estate properties which were nationalised during the Second World War, as well as with management of numerous real estate properties.
- Assisted Vastint Latvia with various related to the development of real estate projects.
VILGERTS
VILGERTS excels in both major M&A transactions and high-value construction disputes, and clients consist of a diverse roster of developers, institutional investors, and construction companies, in addition to public bodies such as the State Environmental Service of Latvia. The practice is led by Gints Vilgerts, who has extensive knowledge across the commercial disputes, M&A, and real estate fields. Litigator Jānis Kubilis is another key member of the team, as are associates Elizabete Bartansone and Anda Staltmane.
Praxisleiter:
Gints Vilgerts
Weitere Kernanwälte:
Jānis Kubilis; Anda Staltmane; Elizabete Bartansone
Kernmandanten
Air Baltic Corporation
BAO AS
Colonna Group
East Capital Real Estate
EMTA Group
Estera Development
JTimber UAB
LATIO SIA
Omniva
Marijas 2 SIA
Merks
State Environmental Service of the Republic of Latvia
Rimi
Zenith Capital Management
Highlight-Mandate
- Advising the developer of the LEED Gold office center Novira Plaza on lease contracts.
- Advised East Capital Real Estate on its €53m acquisition of PLACE ELEVEN in Riga.
- Representing Merks SIA in all of its major construction disputes.
WALLESS
WALLESS provides clients with full-cycle services ranging from initial land use and contract negotiations, financings, and tax structuring, to the acquisition of large shopping centres and office buildings. Recently, the firm has also seen large mandates in the transportation and energy sectors. With over 20 years of real estate and construction experience, practice head Kristīne Gaigule-Šāvēja handles large-scale transactions, as well as advising on issues concerning landlord-tenant relations, and restructurings. Andis Ozoliņš is noted for his lease work. At the associate level, Sanda Meinarte and Zane Jekimova are recommended.
Praxisleiter:
Kristīne Gaigule-Šāvēja
Weitere Kernanwälte:
Andis Ozoliņš; Sanda Meinarte; Zane Jekimova
Referenzen
‘Kristīne Gaigule-Šāvēja always find the most efficient solutions for the clients.’
‘A modern and dynamic Baltic law firm.’
Kernmandanten
Consortium “BERERIX” (general partnership with 3 members: N.V. BESIX S.A., a company of BESIX Group, Rizzani de Echer, and RERE BŪVE, SIA)
Siemens group company
Bonava Latvija SIA
CCC SHOES LATVIA SIA
INDEXO AIFP SIA
SIA Place 11
Lumi Capital group
Capitalica Asset Management UAB
A.C.B. AS
Marijas 2 SIA
CSK Steel SIA
Highlight-Mandate
- Advised Lumi Capital group company on the acquisition of Indi business centre.
- Advised Marijas 2 SIA on the construction of the Novira Plaza office building in Riga city centre.
- Advised SIA BH Galerija Centrs on setting up a food court with ten restaurants and a bar in the old town of Riga.
Kronbergs Cukste Levin
Kronbergs Cukste Levin handles a range of real estate and construction matters, including public procurement, lease agreements, transactions, and disputes. The team has recently provided advice on large regional transportation developments. Kristine Sakarne heads up the practice. The team counts developers, investors, and state-owned groups, along with foreign firms looking to enter the Latvian market, among its clients.
Praxisleiter:
Kristine Sakarne
Weitere Kernanwälte:
Valters Kronbergs; Vineta Čukste-Jurjeva
Referenzen
‘Great team, professional, knowledgable.’
‘Vineta Čukste-Jurjeva is a very experienced professional.’
Kernmandanten
Forma 2
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
Kulturas un sporta centrs Daugavas stadions
SIA Ambient Home
Janis Auns
DHL
Tenax
Electrolux
Avesco
OTCF
Linstow
SIA Karlsberg
Netaman Repair Group OÜ
Ezis Technologies SIA
Highlight-Mandate
- Assisting Forma SIA FIDIC with construction agreement drafting.
- Advising Peek & Cloppenburg on a commercial lease regarding a shopping center.
- Advising a Canadian building owner on the partition and sale of 50% of a multiple unit real estate complex in downtown Riga.
Šķiņķis Pētersons
Šķiņķis Pētersons stands out for its involvement in high-value real estate and construction disputes covering public, administrative and civil law. The team regularly represents commercial developers and investors in disputes arising from spatial planning and land use, as well as the recovery of losses from damage claims. Mārtiņš Pētersons and Matīss Šķiņķis jointly lead the team. Mārtiņš Daģis is also noted.
Praxisleiter:
Matīss Šķiņķis; Mārtiņš Pētersons
Weitere Kernanwälte:
Mārtiņš Daģis; Ilze Vadzīte
Kernmandanten
Energiapartners
Gren Latvia
Vides Resursu Centrs
UPB
Rimi Latvia
NGO Zaļā brīvība (Green Liberty)
1Home Group
Energoremonts Riga
Inhabitants of Āgenskalns, Rīga
Highlight-Mandate
- Successfully represented Rimi Latvia in a court dispute against a neighbour regarding the shopping mall Aleja, as well as a case concerning the issuance of a construction permit for another shopping mall in Ikskile.
- Successfully represented construction company UPB in proceedings related to an incident at a construction site.
- Representing Bite Latvija and other telecoms companies in various disputes related to the spatial plan of the city of Riga which imposes a restriction on the use of overhead lines in the historical city centre.
Magnusson
Magnusson‘s real estate and construction team handles matters ranging from public tender bids to contract disputes. Practice head Artūrs Ševčuks is experienced in construction law, with a focus on dispute resolution, as well as further expertise covering compliance and contract work. Matīss Rostoks is also noted.
Praxisleiter:
Artūrs Ševčuks
Weitere Kernanwälte:
Matīss Rostoks; Māris Smilga
Referenzen
‘Bespoke service, suited to each client’s needs, whatever they may be.’
‘Matīss Rostoks, in particular, is an excellent lawyer and confidant. He will always go the extra mile. Highly recommended.’
Kernmandanten
SIA Expro Group
SIA Elements S
SIA Etnas Lofti
SIA Firma L4
NJORD Law Firm
NJORD Law Firm advises a mix of Latvian and international developers, construction companies and private individuals on leases and acquisitions, as well as handling due diligence, compliance and local clearance procedures. In addition, the team has experience handling real estate disputes. The practice is headed by Dmitri Nikolaenko, capably supported by senior associate Anna Kosinska; the two together bring significant experience across the commercial real estate, tax, and disputes spheres to the group.
Praxisleiter:
Dmitri Nikolaenko
Weitere Kernanwälte:
Anna Kosinska
Kernmandanten
Garant Building UAB
UNIVER SIA
SG Jurmala Estate SIA
SIA Plienciema 16
PL Holding GmbH (Austrian real estate development company)
AVESTS SIA
Keystone Realty, SIA
Ropejumping.lv SIA
City Garden, SIA
AS LANDESTE
PILGAARD SIA
WESICO PROJECT OÜ
Marija Ancupova
Ivan Zhiznevsky
Highlight-Mandate
- Advised Garant Building UAB on the acquisition of SIA UNIVER.
- Advising SG Jurmala Estate SIA on a residential development project in Jurmala.
- Advising Plienciema 16 on lease agreements realting to warehouse and office premises.