At Cobalt, large-scale property development matters form a key pillar of the practice, with the team often instructed in cases involving commercial, lease and rental agreements. Real estate transactions remain prominent in the group's workload, often involving the sale and purchase of commercial, industrial, and logistics projects; Aivar Taro is active in this area. The team is developing its expertise in advising on real estate-related issues in the Estonian energy sector, a core area of focus for Siim Vahtrus. On the contentious side, disputes involving zoning issues are handled by Liina Linsi. Sandra Sillaots is a key name to note.
Real estate and construction in Estonia
Cobalt
Praxisleiter:
Aivar Taro; Liina Linsi
Weitere Kernanwälte:
Siim Vahtrus; Sandra Sillaots
Kernmandanten
Aquila Capital
LHV Varahaldus
Inter Gestion REIM
VKG Fiber OÜ
Kadaka Aiandi AS
Porto Franco
Corum Asset Management
Baltic Horizon Fund
Northern Horizon Capital
Consolis/E-Betoonelement
Satnam/Capfield
Workland
Bouygues Travaux Publics
Lääne-Nigula Municipality
Mirrow Institute OÜ
Notorious OÜ
Baltek Arendus
OMA Ehitaja
Viru Keemia Grupp
Sõbra Ärikeskus
Highlight-Mandate
- Advising Porto Franco on the restructuring and partial sale of its large-scale commercial development in Tallinn City centre.
- Advised Inter Gestion REIM on a sale and leaseback transaction of one of the largest private outpatient medical centre properties in Estonia.
- Advised Sõbra Ärikeskus on the sale of a portfolio of four commercial properties leased by Bauhof and A1000 to Estonian real estate company Dragon 9.
Ellex Raidla
Ellex Raidla has an excellent reputation across the Baltic region for its strength in supporting clients on the whole lifecycle of real estate and construction development projects. The group routinely represents multi-national companies with Estonian operations in mandates, including assisting energy, IT and infrastructure entities with construction matters and advising on commercial agreements. Martin Käerdi, who is well-versed in handling the real estate aspects of M&A deals, and environmental and planning law expert Martin Triipan co-head the practice. Jaanus Ikla is very active in the real estate sector, as is Risto Vahimets, who focuses on real estate finance work. Ermo Kosk brings experience in cross-border M&A matters, and is well-placed to represent buyers and sellers in large-scale real estate transactions.
Praxisleiter:
Martin Käerdi; Martin Triipan
Weitere Kernanwälte:
Kaisa Jakobsoo; Jaanus Ikla; Ermo Kosk; Triin Frosch; Risto Vahimets
Referenzen
‚Ellex has an academic approach.‘
‘Martin Käerdi has a good view of the big picture and the different legal options therein.’
‚Extremely client-oriented, top-tier legal practitioners who, in our opinion, essentially wrote the playbook for Estonian real estate and construction law.‘
Kernmandanten
Veho AS
HOF ehf
Viljandi Real Estate OÜ
Swedbank AS
Environmental Investment Center
Ministry of Climate of Estonia
The Estonian Centre for Defence Investments (Riigi Kaitseinvesteeringute Keskus)
Sorainen
Sorainen is perhaps best known for its expertise in advising on prominent construction projects and real estate projects in the transport and renewable energy sectors respectively. The client base includes public authorities, developers, regulatory entities and finance companies. In addition, the group fields experience in planning law and infrastructure law matters, with a solid track record in assisting with the planning law elements of construction projects. Paul Künnap and Piret Jesse are the practice co-heads; Triin Ploomipuu is well-versed in acting on real estate transactions.
Praxisleiter:
Paul Künnap; Piret Jesse
Weitere Kernanwälte:
Triin Ploomipuu; Andra Grünberg
Referenzen
‘Great collaboration and to the point advice from Triin Ploomipuu and Andra Grünberg.’
‘Paul Künnap is a highly intelligent and capable practitioner. He has always provided very sound and strategic advice and helped our business managed the many risks associated with our assets in Estonia.‘
‘Practical know-how and advice.’
Kernmandanten
Technopolis Holding Oyj
Respect Energy Holding
Rail Baltic
The Ministry of Climate of Estonia
Fortaco Estonia
Edel Offshore Wind OÜ
Mainor Ülemiste
The Ministry of Economic Affairs and Communications of Estonia
Sunly Group
Power2X
Energiasalv
Metsä
Kaamos Group
Salling Group
Embassy of the U.S.
Citycon Oyi
Highlight-Mandate
- Advised Salling Group on acquiring RIMI Baltic, which operates retail chains in Latvia, Lithuania and Estonia.
- Advising the Embassy of the U.S. in Estonia on multiple complex property acquisitions and long-term planning procedures for the development of a new embassy compound.
WALLESS
WALLESS‘ team stands out in the Estonian market for its strength in advising on the full lifecycle of real estate projects. The group routinely handles a broad range of contentious and non-contentious mandates, as well as acting on cases concerning building permits and zoning issues. Minni-Triin Park, who heads up the practice, acts as counsel to major Estonian and international investors and asset managers, often involving renewable energy and infrastructure sector matters. Angela Kase ‘combines meticulous attention to detail with a genuine understanding of market dynamics‘ and is very experienced in handling complex construction disputes. Piret Kergandberg is a key contact for real estate litigation, and Margus Kõiva specialises in environmental law.
Praxisleiter:
Minni-Triin Park
Weitere Kernanwälte:
Angela Kase; Margus Kõiva; Piret Kergandberg
Referenzen
‘WALLESS‘ real estate team stands apart through their comprehensive, end-to-end approach, covering everything from initial project funding and tax structuring to post-investment asset management and dispute resolution. Their deep sector expertise extends beyond traditional real estate into alternative investment fields like agricultural and forestry assets. The Baltic team’s collaborative approach across jurisdictions, combined with their ability to seamlessly handle complex cross-border transactions, consistently delivers results that exceed our expectations.’
‘The standout quality of WALLESS‘ real estate practitioners is their exceptional commercial acumen paired with technical legal excellence. Angela Kase demonstrates a rare ability to think beyond conventional structures, consistently identifying creative solutions that competitors miss. What we value most is their proactive approach – they anticipate challenges before they arise and present multiple strategic options. Associates in the Tallinn branch combine meticulous attention to detail with a genuine understanding of market dynamics. The team’s collective strength lies in their willingness to challenge conventional wisdom while maintaining absolute reliability in execution.’
‘The quality of service is the best in every possible direction.’
Kernmandanten
CA Gruppen (Rimi Baltic Group)
LIDL Estonia
Saare Wind Energy / Van Oord
Kapitel
East Capital
TKM Grupp AS
Ignitis Renewables UAB
Sirin
Estonian Centre for Defence Investments
Bonava Group
LHV Pension Funds
Magnetic MRO
Jysk
Legendhotels
Depo (Eikeland Bumani OÜ)
Capitalica Asset Management
Estonian Ministry of Regional Affairs and Agriculture
Sustainable Investments
Kentex Arendus
Harju KEK
ICA Gruppen
Highlight-Mandate
- Advised ICA Gruppen on its €1.3 billion sale of Rimi Baltic Group to Salling Group, involving real estate assets.
- Advised the Estonian Centre for Defence Investments on the development of Estonia’s Defence Industry Park.
- Advised Saare Wind Energy and Van Oord on Estonia’s first offshore wind farm project near Saaremaa.
Eversheds Sutherland Ots & Co
The group at Eversheds Sutherland Ots & Co has a strong presence in the real estate sphere in Estonia, with an established track record in advising on transactional matters in the space. Additionally, the team handles lease agreements concerning prominent energy sector projects and contractual issues for clients in the construction sector. Practice head Triin Antsov brings expertise in corporate law, with experience in assisting with contractual matters and commercial agreements. Maivi Ots is a key name to note for contentious work, often appearing in disputes concerning real estate finance. Dmitri Zdobnõh is a key contact.
Praxisleiter:
Triin Antsov
Weitere Kernanwälte:
Dmitri Zdobnõh; Maivi Ots
Referenzen
‘Very good knowledge about real estate related legislation in Estonia.’
Kernmandanten
AS Tallinna Vesi
Epler & Lorenz AS
Pro Kapital Eesti AS
Agrone OÜ
Estonian Stockpiling Agency
City of Tallinn
Pharma Holding OÜ
Ignitis UAB
Cesana Grupp OÜ
Falber Mets OÜ
Kanepi Energia OÜ
Otepää municipality
Laheotsa OÜ
Karl Hedin Sagverk AB
Saareline Invest OÜ
Eesti Varude Keskus AS (Estonian Stockpiling Agency)
Tartu mnt 47 Tallinn apartment association
NJORD Law Firm
NJORD Law Firm houses a team with established strength in advising on contentious and non-contentious cases in the construction sector. Under the leadership of restructuring expert Veikko Toomere and Marko Mehilane, who specialises in construction law, the group is also regularly instructed in large-scale real estate transactions, as well as handling planning matters concerning real estate projects and lease agreements for clients looking to establish operations in Estonia. Raimo Klesment fields expertise in handling the planning law elements of real estate projects. Jelizaveta Henno left the firm in March 2025.
Praxisleiter:
Veikko Toomere; Marko Mehilane
Weitere Kernanwälte:
Raimo Klesment
Referenzen
‚The team is very responsive and collaborative.’
‘The team at NJORD’s availability was truly exceptional. Their advice was clear and thorough.’
‘Raimo Klesment excelled in their attention to detail, making sure that nothing was overlooked. They were available whenever anything needed clarification at a critical moment.’
Kernmandanten
MAXIMA Eesti OÜ
GVP Invest Estonia OÜ
Tommi Mäkinen Racing OÜ
VG Estonia OÜ (Coolbet)
Nuve Partners OÜ
Huber Manser Prime Usaldusfond
Eskaro AS
Wihuri OÜ (Estonia) and Wihuri Oy (Finland)
Maru Ehitus AS
SIA Viesnīca “Latvija”
Brazilian Embassy in Estonia
Danish Embassy in Estonia
Highlight-Mandate
- Assisted MAXIMA Eesti OÜ with helping LIDL Eesti OÜ establish operations in Estonia.
- Assisted Wihuri OÜ and Wihuri Oy with opening a fourth regional office in Estonia.
NOVE
NOVE's team is sought after by developers, designers, construction companies and infrastructure entities in the public sector for its expertise in real estate development matters, contractual issues, procurement-related cases and litigation. Kristjan Tamm, Marika Mugur and Heili Püümann co-head the practice. Tamm has extensive experience in construction law, and Mugur is well-versed in advising on real estate-related design issues.
Praxisleiter:
Kristjan Tamm; Marika Mugur; Heili Püümann
RASK Attorneys-at-Law
RASK Attorneys-at-Law has the capacity to advise clients across the full lifecycle of real estate and construction projects. Firm founding partner Ramon Rask and Marina Lapidus, ‘a trusted advisor in complex transactions and development projects’ with particular strength in the construction industry, are at the helm of the practice. Lapidus is also sought after for her expertise in handling leasing, construction and design contracts. The group is equally adept at assisting with real estate finance matters, often concerning commercial real estate acquisitions. The ‘solution-driven‘ Karl-Kristjan Kahm acts on high-value real estate transactional work.
Praxisleiter:
Ramon Rask; Marina Lapidus
Weitere Kernanwälte:
Karl-Kristjan Kahm
Referenzen
‚The presence of people like Ramon Rask provides trust and gravitas.’
‘The real estate and construction team stands out for its depth of expertise and practical approach. Marina Lapidus is a trusted advisor in complex transactions and development projects, known for her precision and commercial insight. Ramon Rask brings strategic oversight and unmatched experience in high-stakes construction disputes and contract negotiations.’
‘We find their practice unique in combining deep legal knowledge with a highly pragmatic, commercially focused approach. They ensure that advice is strategically aligned with our broader business objectives and enable smooth negotiations and execution. We would highlight specialist expertise, a solutions-oriented mindset, responsiveness, accessibility and strong cross-practice collaboration as key strengths.‘
Kernmandanten
EfTEN Kristiine OÜ
Nordecon AS
Nordlin Ehitus OÜ
MAVE Varahalduse OÜ
Nuve Retail Partners OÜ
Estonian Fund for Nature NGO / Eestimaa Looduse Fond MTÜ (ELF)
Fausto Capital AS
Evecon OÜ
Zenith Family Office OÜ
TEGOS (Formerly TGS Baltic)
TEGOS (Formerly TGS Baltic) has a strength in complex real estate, infrastructure and construction transactions, often acting for prominent construction entities and real estate developers in mandates. Construction litigation is another key area of instruction for the group. Additionally, the team has seen an uptick in instructions from clients in the renewable energy sector. Co-heading the practice is Peeter Viirsalu and Karin Marosov, 'a true real estate specialist'; other key practitioners to note include Jana Tudelep, who provides day-to-day advice on real estate matters as well as on related litigation.
Praxisleiter:
Peeter Viirsalu; Karin Marosov
Weitere Kernanwälte:
Jana Tudelep
Referenzen
‘TEGOS‘ real estate team has incredible market knowledge.‘
‘Karin Marosov is an excellent project manager, a true real estate specialist.‘
‘Karin Marosov is an outstanding lawyer. Always positive and ready to find solutions.‘
Kernmandanten
Hepsor AS
Invego OÜ
Reterra Estate OÜ
SEB Pank
Kodumaja AS
Diotech
Mapri Ehitus OÜ
Port of Tallinn
Skaala Investments (formerly Notorious)
Timbeco Woodhouse OÜ
The University of Tartu
Estiko AS
Linnakodu
Aktsiaselts Eesti Raudtee (Estonian Railways)
Ministry of Finance of the Republic of Estonia
Framm AS
LHV Varahaldus AS
Hausers
KRC Ehitus
Golden Fields
Highlight-Mandate
- Advised SEB Pank on a strategically significant built-to-suit lease agreement for its future Baltic headquarters in the landmark Talsinki development in Tallinn.
Cuesta Law Office
At Cuesta Law Office, the team works closely with the broader dispute resolution practice to support clients with contentious matters, a core area of expertise for practice head Britta Oltjer. On the non-contentious side, the group advises on planning and construction cases, real estate project finance, lease agreements and real estate and construction contracts. Lada Riisna is well-versed in assisting international and Estonian financial institutions with financing contracts.
Praxisleiter:
Britta Oltjer
Weitere Kernanwälte:
Lada Riisna
Kernmandanten
Chemi-Pharm AS
Lindenline OÜ
ETRE OÜ
Kitsas 16 Kodu OÜ
Arens Ehitustööd OÜ
Koeru Infrateenused OÜ
Santeks Masinad OÜ
Osaühing Brix Systems
Nordis OÜ
Rapla Vald, Alu Alevik, Pargi Tn 1 Kü
Highlight-Mandate
- Acting for Rapla Vald, Alu Alevik, Pargi Tn 1 Kü in a longrunning dispute with the builder concerning construction defects.
- Advising Lindenline OÜ on drafting a wide range of contracts.
LEADELL Pilv
LEADELL Pilv is well-known in the Estonian legal market for its expertise in litigation. The group routinely advises on local construction disputes, as well as contractual litigation involving local government authorities. Marko Pilv is very experienced in handling the planning aspects of real estate development projects. Practice head Pirkka-Marja Poldvere has an excellent reputation for her dispute resolution expertise. Epp Lumiste is a name to note.
Praxisleiter:
Pirkka-Marja Põldvere
Weitere Kernanwälte:
Marko Pilv; Epp Lumiste
Referenzen
‘LEADELL Pilv is efficient and motivated to achieving the best outcome for their clients.’
‘Marko Pilv is compassionate, knowledgeable, and handled any issues in a timely manner.’
Kernmandanten
Farmada OÜ
Kose Rural Municipality Government
Lüganuse Rural Municipality Government
Logicon Ehitus OÜ
LM Keskus OÜ
Marina Minerals OÜ
LVM Kinnisvara OÜ
M8M Holding OÜ
Evicon Ehitus OÜ
Sulane Ehitab OÜ
Highlight-Mandate
- Representing Sulane Ehitab OÜ in a dispute with a former subcontractor.
- Advised Lüganuse Rural Municipality Government on a special planning process for the development of windmill parks.
Magnusson
Magnusson's team is often instructed by clients across the Nordic and Baltic regions on Estonian market entry matters. The broad client base includes real estate developers, prominent energy entities and companies in the food and beverage sector. Practice head Kaidar Sultson frequently advises on real estate-related commercial agreements, and Priit Pahapill brings expertise in handling real estate financing.
Praxisleiter:
Kaidar Sultson
Weitere Kernanwälte:
Priit Pahapill
Kernmandanten
Stalcorp OÜ
Tallinn Film Wonderland OÜ
Apartment Associations
Põhjala Brewing AS
Mootor Grupp AS
Kalla Mööbel OÜ
Optiland Eesti OÜ
Highlight-Mandate
- Advised UAB StalCorp on contractual matters concerning the Rail Baltica railway project in Estonia.
- Advised Tallinn Film City on a wide range of matters related to the establishment of Tallinn Film City.
- Advising Põhjala Brewing AS on various real estate matters.
Triniti
With a strong track record in assisting leading real estate developers in Estonia, Triniti's team is well-versed in handling a broad spectrum of both contentious and non-contentious real estate and construction matters. Practice head Virge Murak is highly regarded for her dispute resolution expertise, often acting in disputes arising from real estate development projects. Ramil Pärdi is instructed by water and utility companies in work concerning the real estate aspects of renewable energy projects, and Klen Laus is active in cases involving leasing and sale agreements. The group also advises development companies on construction contracts.
Praxisleiter:
Virge Murak
Weitere Kernanwälte:
Ramil Pärdi; Klen Laus; Sandor Elias; Toomas Pugri
Kernmandanten
Utilitas Group
BILDGREN Ehitus OÜ
AS Mainor Ülemiste
Reme Grupp OÜ
Everaus Kinnisvara AS
Kroodi Vesi
Kodasema OÜ
Elektrilevi OÜ
Rail Baltic Estonia OÜ
KOKO Arhitektid OÜ
Mainor Ülemiste AS
Highlight-Mandate
- Acting as counsel to state-owned company Rail Baltic Estonia on important spatial planning assignments related to planning and constructing the new high-speed railway.
WIDEN
WIDEN's team continues to be kept busy handling commercial, residential and industrial real estate matters. Transactional work is a core area of strength for the group, which is equally adept at advising on related agreements issues. Practice head Marge Männiko is well-versed in assisting with real estate and construction litigation, and Karoli Unus acts on transactions in both industries, with a growing focus on renewable energy work.
Praxisleiter:
Marge Männiko
Weitere Kernanwälte:
Karoli Unus
Referenzen
‚Marge Männiko has extensive knowledge and experience. What makes her different is her sharp business mindset. Her ability to assess and analyse risk has proven to be extremely useful countless times.’
‘A definite strong suit of this team is their high level capability to handle cases from the whole construction spectrum. No matter if the matter is about green energy or building factories, Widen has the skills and people to deal with it all.‘
‚Marge Männiko’s negotiation skills are exceptional. What truly sets Marge apart is her attention to detail and her ability to anticipate potential issues before they arise. Beyond her legal expertise, she brings outstanding people skills to the table, making even the most complex transactions feel manageable.‘
Kernmandanten
Arco Vara AS
Loodusspaahotell OÜ
Musti Group Nordic Oy
Baltic Oil Service OÜ
Tänavapuhastuse AS
Liven AS
Alfasan Holding B.V.
Stora Enso Eesti AS
Retori Estate OÜ
Metsnik OÜ
Allstore Assets OÜ
Harju Tarbijate Ühistu (COOP)
Highlight-Mandate
- Advised Arco Vara AS on the acquisition of the Luther Quarter in central Tallinn.
- Advised Musti Group Nordic Oy on its €18.2 million cross-border acquisition of Pet City OÜ and affiliates across the Baltics.