Counting commercial property developers as key clients, Cobalt fields a deep bench which advises large retailers on various permitting and commercial law real estate transactions, encompassing lease back transactions. The group handles real estate aspects of some of Latvia’s most significant construction projects, such as the Rail Baltica, and significant renewable energy project in the country. Dace Silava-Tomsone is at the helm, bringing equally longstanding experience in both real estate and construction law; she is well supported by Artūrs Valderšteins, who excels in administrative matters connected to real estate development, namely zoning, planning, and permitting. As head of the wider firm’s infrastructure and energy subgroup, Gatis Flinters is key for construction matters, such as construction agreements, in the energy sector.
Real estate and construction in Latvia
Cobalt
Praxisleiter:
Dace Silava-Tomsone
Weitere Kernanwälte:
Artūrs Valderšteins; Gatis Flinters
Referenzen
‘The team can provide a wide spectrum of competence in real estate and energy sectors.‘
‘They are highly recognised experts in Latvia and their names make an impact on decision makers both in public and private sectors.’
Kernmandanten
Aecom Spain
AFI Investments SIA
AirBaltic Corporation AS
Astor Group
Baltic RE Group
Capital Mill
Consolis Latvija SIA
Corum Asset Management
Decathlon
Eiffage Genie Civil
Enersense
Eolus
E.R.B. Rail JV PS
European Energy
Hepsor Latvia OÜ
I Asset Management
Invego
JD Properties
Kapitel SIA
Latvenergo AS
Highlight-Mandate
- Advising E.R.B. Rail JV PS on the contract implementation stage for the construction of the Rail Baltica mainline in Latvia with the total contract value of €3.7 billion.
- Advised Eolus on the sale of the largest greenfield wind power project in Latvia with a total capacity of 147 MW.
- Advised Latvenergo AS on the acquisition of a greenfield solar power plant with a total capacity of 265 MWp.
Ellex Klavins
Showcasing an ‘ability to work constructively with municipalities and other stakeholders', Ellex Klavins‘ practice covers the full spectrum of real estate matters in both the private and the public sector due to relations with the government and municipalities, with work ranging from development to transactions and disputes. The group at large is well versed in construction law, particularly construction contracts. Ivars Pommers heads up the group, a versatile practitioner within real estate and construction, whose work in 2025 increasingly involved real estate transactions with tax-structuring elements. Elsewhere, Ilga Gudrenika-Krebs is described by one client as a ‘true virtuoso in real estate transactions’, and Inese Freivalde has deep expertise in construction contracts.
Praxisleiter:
Ivars Pommers
Weitere Kernanwälte:
Ilga Gudrenika-Krebs; Inese Freivalde
Referenzen
‘Ellex’s Latvian team is highly business oriented, i.e focused on assisting the client’s commercial interests.‘
‚The staff are very helpful and capable of quickly finding efficient solutions for the client.‘
‘Ilga Gudrenika-Krebs is a true virtuoso in real estate transactions. All details of our transaction were handled wisely, independently and very efficiently, it was a great pleasure to work with her. Early on, we understood the negotiations were in good hands, thanks to Ilga we got terms better that we had expected, yet she skilfully avoided any „deal breaking“ situations. Ilga’s personality created a negotiating climate on a constant positive and professional note, which smoothly moved the process forward until the final closure.’
Kernmandanten
Blackstone
IKEA Latvian franchise holder SIA Paul Mason Properties/SIA Verus Praedium
SIA Leifar
Eastnine
VIG Fund
Swedbank AS
Luminor
Bonava
YIT
Orkla
Depo
Kesko
Hansas Property Holding AB
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
SIA “Rīgas namu pārvaldnieks”
Hanner
Estera Development
Vilvi Group
SPI Group Companies
Pillar
New Century Holdings
Itella
Wilo
UCB
Amber Beverage Group
UAB “SIRIN Development”
Enefit Green
FactSet
Ingka
Highlight-Mandate
- Advising HOF ehf (Iceland) on closing a deal with Inter Ikea Group for the sale of Ikea retail business in the Baltics.
- Advised Lords LB on development of a multifunctional office/retail/hotel development Preses Nama Kvartāls in Riga.
- Advising Agricultural Services Cooperative Society LATRAPS on concluding an agreement with Pfeifer & Langen International B.V. on the development of ASNS Ingredient pea protein isolate plant in Jelgava.
Eversheds Sutherland Bitans
Adeptly handling both commercial and residential real estate development and transactions, Eversheds Sutherland Bitans adopts a multidisciplinary approach and collaborates closely with the firm’s disputes team, belying a strength in real estate and construction disputes. Among core mandates are construction matters attached to renewable energy projects at all phases, a ‘proven track record of delivering complex, large-scale projects from concept to implementation’ in the words of one client, namely areas such as complex construction contracts and FIDIC-based agreements for major developments. Real estate development expert Ilze Kramiņa and Laima Eglīte, who is increasingly handling renewable energy sector matters, lead the team. Prominent among the pair’s client base are large real estate companies who are also counselled by Ginta Krūkle, who demonstrates expertise in real estate and privatisation matters relating to planning.
Praxisleiter:
Ilze Kramiņa; Laima Eglīte
Weitere Kernanwälte:
Ginta Krūkle
Referenzen
‘Deep specialisation in renewable energy and the proven track record of delivering complex, large-scale projects from concept to implementation. Over the years, the team has become frontliners in renewable energy development and construction. This experience allows them to anticipate industry challenges, streamline processes, and provide innovative, practical solutions tailored to clients’ needs.‘
‚Potential clients will see technical expertise paired with strategic insight, ensuring projects are not only feasible but also aligned with broader environmental and regulatory frameworks.‘
‚Eversheds Sutherland Bitans bring a holistic, problem-solving approach that integrates technical, commercial, and environmental aspects.’
Kernmandanten
Ignitis Renewables UAB
Latvian Hydrogen Association
Avia Solutions Group
Enefit Green
Food Union Group
Enery Latvia SIA
Kaamos Group
Riga City Council
Velve SIA
LiveOn Group
LHV Varahaldus (Matisa 52)
Vitol Terminal Latvia SIA
Eika Asset Management UAB
Salapils Municipality
Verdia Wind SIA
APOLLO GROUP OÜ
UAB Ignitis Renewables
Highlight-Mandate
- Advised Ignitis Renewables UAB on real estate and construction matters.
- Advising the Latvian Hydrogen Association and other project partners from eight Baltic Sea Region countries on the BSR HyAirport project, a strategic multinational initiative aimed at preparing airports across the Baltic Sea Region for the integration of green hydrogen (GH2) into aviation infrastructure.
- Advised Avia Solutions Group on the acquisition of GI Terminal in Liepāja, Latvia for further production of SAF.
Sorainen
Praised for its ‘deep industry expertise, client-centred approach, and seamless collaboration across disciplines’, Sorainen stands out for large-scale private sector development both in Latvia and across the Baltics. Team members are called upon by a diverse client base of significant local clients, including Riga International Airport. Lelde Laviņa, Jorens Jaunozols and Jānis Līkops are the trio running a group which handles all phases of large construction projects in the renewable energy sector, from due diligence of the projects to negotiating transaction documents to project financing and construction, all the way through to the closing of a real estate or construction transaction. In this regard, clients lean upon the team’s knowledge of the construction process.
Praxisleiter:
Lelde Laviņa; Jorens Jaunozols; Jānis Līkops
Weitere Kernanwälte:
Vita Berlaua; Kate Berlaua
Referenzen
‘This practice stands out for its deep industry expertise, client-centred approach, and seamless collaboration across disciplines. Potential clients will value the team’s proven track record, innovative problem-solving, and commitment to efficiency and transparency. It has forward-thinking initiatives in technology integration, flexible billing models, and a strong focus on diversity and inclusive leadership.’
‘The individuals stand out for their technical skill and strategic insight. They differ from competitors through their collaborative mindset and ability to deliver practical, forward-looking solutions under pressure. We value partners like Jorens Jaunozols, known for leadership, and associates like Kate Berlaua, whose precision and creativity consistently elevate the team’s work.’
‘Specific and useful knowledge about the construction process.’
Kernmandanten
RB Rail
Riga International Airport
Niam Infrastructure
Salling Group
NORD/LB (Norddeutsche Landesbank)
Vastint Latvia
International School of Riga
Linstow
Danish Sun Energy ApS
Ignitis Renewables
Sunly
Inter IKEA Group
Highlight-Mandate
- Advised Salling Group throughout its €1.3 billion acquisition of the Rimi Baltic retail chain in Lithuania, Latvia, and Estonia.
- Advised RB Rail on design and build contracts for ENE and CSS subsystems, where maximum contractual value of both contracts could exceed €2 million.
- Assisted Linstow and Vastint with their ongoing, landmark developments.
TEGOS (Formerly TGS Baltic)
Notably present in wide-reaching real estate investment and development projects, TEGOS (Formerly TGS Baltic), whose ‘biggest advantage is their cross-practice coordination’ is able to be present at each stage of a real estate project lifecycle, from due diligence and land acquisition to financing, construction, and finally sale. Construction litigation is an additional key arm of the practice, particularly in the energy sector. Linda Štrause is at the helm, assisting with residential and commercial developments. Agnese Hartpenga is key at associate level, and has exceptional experience in large-scale, complex cases and extensive knowledge of the Latvian energy market. Aija Kreicberga is a versatile real estate law practitioner, acting in development, transactions, and regulatory mandates.
Praxisleiter:
Linda Štrause
Weitere Kernanwälte:
Aija Kreicberga; Armands Masulis; Agnese Hartpenga
Referenzen
‘Very diverse team covering services for real estate across different legal practices – corporate, M&A, and tax.’
‘Their biggest advantage is their cross-practice coordination, their ability to swiftly attract resources from several departments, and their ability to handle projects efficiently.’
Kernmandanten
F|i|benol
Colonna
GD & L
Invego| |OÜ
University of Latvia
Sarma& Norde
Kauno Tiltai AB
Valsts nekustamie īpašumi (State Real Estate)
Pauls Stradins Clinical University Hospital
Graanul Pellets
Møller Eiendom Holding AS
Reterra Estate
SIA EG Sports Holding
AS Latvenergo
Jetoil Latvija
PST Group AB
Highlight-Mandate
- Advised Fibenol on the development of a €700m commercial scale biorefinery in Latvia, including market entry, regulatory matters, obtaining project priority status, building rights acquisition, and key supply agreements.
- Advised Invego on the full cycle of more than 10 residential development projects in Latvia, including acquisitions, construction, sales, and a successful bond issuance to finance ongoing projects, with a total investment exceeding €200 million.
- Advised Latvenergo AS on building a wind power plant with a total capacity of 108.8 MW in the former peat extraction area of Kaigu Bog in Līvbērze County and to start electricity production in 2026.
VILGERTS
VILGERTS skilfully handles commercial lease issues, and has an established offering in pan-Baltic development projects and disputes. Jānis Kubilis leads the litigation and dispute resolution practice and is well placed to handle complex construction matters. Complex commercial disputes also often fall under the jurisdiction of founder and managing partner Gints Vilgerts, who is at the helm of the practice. On the regulatory side, Elizabete Bartansone offers key support on real estate contracts and due diligence following real estate M&A, for which the wider group is well reputed.
Praxisleiter:
Gints Vilgerts
Weitere Kernanwälte:
Jānis Kubilis; Elizabete Bartansone
Kernmandanten
Air Baltic Corporation
BAO AS
Bauroc SIA
Novira Plaza
East Capital Real Estate
Estera Development
The State Environmental Service of the Republic of Latvia
Scania Latvia
Marijas 2 SIA
Merks
JTimber
PN Project
Rimi
Stenders SIA
VGP
Summus Capital OÜ
VILIA Holding SIA
Smartlynx Airlines
Zenith Capital Management
Highlight-Mandate
- Advising Merks SIA on all of its major construction disputes.
- Advising Summus Capital OÜ on its €56 million divestment of commercial real estate assets (shopping centres in Estonia and Latvia) to the Indexo Real Estate Fund.
- Advising PN Project AS on the financing of the continued development of the Preses Nama Kvartāls project in Riga, Latvia, with a total anticipated amount of €75 million.
WALLESS
WALLESS is a go-to firm for corporate real estate investors, who the group regularly assists with compliance issues and lease agreements. The team also advises a range of clients on matters related to real estate development and real estate M&A deal structuring, such as due diligence and tax restructuring. Managing partner Kristīne Gaigule-Šāvēja leads the team, whose broad real estate and construction knowledge covers both transactions and development projects, also showcasing construction law expertise, particularly within renewable energy projects. Andis Ozoliņš excels in regulatory aspects of real estate and complex construction agreements, which is also a strength of the wider group. Zane Kārkliņa is another key name to note.
Praxisleiter:
Kristīne Gaigule-Šāvēja
Weitere Kernanwälte:
Zane Kārkliņa; Andis Ozoliņš
Kernmandanten
ICA Gruppen AB
Vestas Latvia SIA
Boehringer Ingelheim RCV GmbH & Co KGs
ELECNOR, SERVICIOS Y PROYECTOS S.A.U
Siemens Mobility GmbH
Consortium „BERERIX“
TAV HAVALİMANLARI HOLDİNG A.Ş
Bonava Latvija SIA
P&Q Sp. z o.o.
Provendi asset management AIFP SIA
Nuve Partners, SIA
SIA TKM Latvija
Baltic Horizon Fund
CSK Steel SIA
Highlight-Mandate
- Advised ICA Gruppen AB on the divestment of ICA Gruppen’s shares in Rimi Baltic Group to Denmark’s Salling Group.
- Assisted Indexo Real Estate Fund with its acquisition of the Olimpia shopping centre for over €40 million.
- Assisted Vestas Latvia with comprehensive regulatory framework analysis to restore the construction merchant status with the State Construction Control Bureau in Latvia.
Kronbergs Cukste Levin
Kronbergs Cukste Levin displays a strength in the analysis of construction agreements on top of a plethora of real estate activity involving ongoing landlord and tenant issues and the termination of existing leases. This is supplemented by advice on contracts related to the sales and acquisitions of real estate, varying from shopping centres to hospitals and prime real estate in Riga city centre. Valters Kronbergs, a veteran real estate lawyer, leads the group. Vineta Čukste–Jurjeva is engaged in private and public sector real estate, often multi-jurisdictional in nature, but also for key public sector clients such as government ministries. The broader group advises on significant local public sector infrastructure projects, among which is counselling on the construction of Rail Baltica Riga Airport train station.
Praxisleiter:
Valters Kronbergs
Weitere Kernanwälte:
Vineta Čukste–Jurjeva; Normunds Orols
Kernmandanten
Lauku iela 3 owners
BENU
Pharmidea
Biedriba Rūpniecibas iela
Forma SIA
Wildeman Group BV
ZUE Group
Fairwind
Canadian Armed Forces
Forma 2
Hausers
Jurmalas Businesa Centrs
Estate Guru
SIA Raxti
Ministry of Health
Riga Stradini University Hospital
Riga Technical University
RB RIX Engineer PS
InterTrust / White Cryption
Skonto Buve (one of the leading construction companies of Latvia)
AVON
JSC Latvian Railways
LION RE
Franzoni & Co
Microsoft
OÜ Baures
Peek & Cloppenburg
ISMS Limited
European Railway Lines
Kulturas un sporta centrs Daugavas stadions
SIA Ambient Home
DHL
Tenax
Electrolux
Avesco
OTCF
Linstow
SIA Karlsberg
Highlight-Mandate
- Advising a group of property owners of three residential apartment buildings comprising 90 apartments on Lauku iela 3, Riga, on the partition of title from percentage share ownership to separate fee simple title for each property owner and other real estate matters.
- Advising a pharmaceutical wholesaler on lease issues.
- Advised the Ministry of Health on legal feasibility of expropriation of a building adjacent to a psychoneurological hospital.
SIA "ZAB Škinkis Petersons Birina"
SIA "ZAB Škinkis Petersons Birina" is a boutique firm which focuses on court proceedings and real estate disputes, especially disputes in constitutional court and administrative courts. In the realm of real estate development, practitioners act in spatial planning proceedings, among others. Matīss Šķiņķis and Mārtiņš Pētersons head up the team, the latter of whom brings vast experience in construction developments and projects, including construction permits, an area in which the group as a collective is highly knowledgeable. Mārtiņš Daģis is a key name to note on associate level.
Praxisleiter:
Matīss Šķiņķis; Mārtiņš Pētersons
Weitere Kernanwälte:
Mārtiņš Daģis
Kernmandanten
Energiapartners
Gren Latvia
EKO Ziemeļi
Ombudsman of Latvia
Rimi Latvia
Vides Resursu Centrs
Latvijas Propāna Gāze
Inhabitants of Āgenskalns, Rīga
Energoremonts Riga
Rimi Latvia
Highlight-Mandate
- Assisted The Ombudsman of Latvia with Latvian regulations concerning various limitations for use of real estate and compensations for owners thereof, which is used for amending and implementing new regulations in Latvia.
- Represented Rimi Latvia in a case concerning the issuance of a construction permit for a shopping mall in Ikskile.
- Represented Bite Latvija and other telecommunication companies in relation to disputes related to the spatial plan of the city of Riga that imposes a restriction on the use of overhead lines in the historical centre of Riga.
BERG
Showing particularly prowess in real estate due diligence, BERG, which was previously Jānis Kārkliņš Law Firm, is notable for its breadth of activity across real estate development, real estate and construction disputes, and a range of related transactions. Firm founder and managing partner Jānis Kārkliņš leads the group, and is well supported by Edijs Brants, an international arbitration expert who regularly appears in construction disputes.
Praxisleiter:
Jānis Kārkliņš
Weitere Kernanwälte:
Edijs Brants
Referenzen
‘The firm can put together a strong team and is able to build a good relationship with the client.’
‘Jānis Kārkliņš is very knowledgeable of Latvian law.‘
‘The team demonstrates excellent communication, responsiveness and quality. The team always takes into account our wishes and provides honest legal assistance in every case.’
Kernmandanten
KOOL LATVIJA SIA
UPB AS
ANGERN SIA
Eiropas Dzelzceļa Līnijas SIA
Akciju sabiedrība „Towers Construction Management“
Lidl Latvija SIA
AgroCredit Latvia SIA
TEPAT Grupa
Highlight-Mandate
- Represented a construction company in Latvia before the SCC Arbitration Institute, recovering over €14 million for the client in a dispute regarding payment and the termination of a construction contract related to a high-profile project in central Riga.
- Advised ANGERN SIA on the development and sale of a residential complex in Mārupe valued at over €5 million EUR, including regulatory compliance, easement registration and full legal support in drafting reservation and purchase agreements, as well as rules for the use of joint property.
- Advised the client on the acquisition of a real estate asset – a hotel located in the centre of Riga – with a transaction value of more than €10 million.
Magnusson
Under the stewardship of litigators Matīss Rostoks and Artūrs Ševčuks, Magnusson can be distinguished by its capacity to appear in complex construction disputes involving leading construction companies in Latvia, while contentious work also extends to property litigation. The group’s client base is formed of landlords and tenants alike, encompassing clients in the financial services industry. Kate Tiltiņa is also active in real estate disputes such as damage claims and is another standout practitioner in the group.
Praxisleiter:
Matīss Rostoks; Artūrs Ševčuks
Weitere Kernanwälte:
Kate Tiltiņa
Referenzen
‘Magnusson’s lawyers are easy to reach and are always ready to help with questions or provide the necessary support. Clear and effective communication is one of Magnuson’s core values, which allows trust and good relationships with clients.’
‘Matīss Rostoks ensures outstanding speed of interaction, and the quality of the feedback is always extremely thorough, with the opportunity to talk through case management to explore the best solutions. Solutions are always followed by cited legislation.’
‘Very responsive to our urgent requests.’
Kernmandanten
Owners of building at Melnsila iela
NJORD Law Firm
Praised for its ‘comprehensive expertise’ across all aspects of real estate, NJORD Law Firm‘s key point of distinction is its ability to provide advice on drafting and negotiating transaction documents and commercial agreements, often within the context of property transactions and leases. Dmitri Kolesnikov leads a team skilled in regulatory compliance, an area of work which runs through the practice, from advising on AML compliance to coordinating the closing of transactions. Dmitri Nikolaenko also offers key support in this regard.
Praxisleiter:
Dmitri Kolesnikov
Weitere Kernanwälte:
Dmitri Nikolaenko
Referenzen
‘What sets this practice apart is their comprehensive expertise, including sale transactions, rent agreements, corporate structuring, and financing. We value their ability to provide clear, practical advice across all aspects of real estate.‘
‚The team’s responsiveness and attention to detail are exceptional. They are proactive in identifying potential issues and always ensure that my interests are fully protected.’
‘I used to work with Dmitri Kolesnikov. He is always accessible and provides clear advice.’
Kernmandanten
IXIS SIA
NINANOLEG BROTHERS INVESTMENTS, S.L.
PL Holding GmbH
SG JURMALA ESTATE SIA
SISTEMAS ELECTRICOS LOWIND SL
TECHFIN INTERNET TECHNOLOGY SIA
Highlight-Mandate
- Advised SISTEMAS ELECTRICOS LOWIND SL on its role in the installation of the Laflora Wind Farm.
- Represneted IXIS SIA in a civil dispute regarding the early termination of a commercial lease and the recovery of damages.
- Aadvised the owner of TECHFIN INTERNET TECHNOLOGY SIA on the €207,000 acquisition of office premises in Riga, advising on drafting and negotiating transaction documents, advising on AML compliance, and coordinating the closing.