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Lenders back landmark renewable energy project in Latvia
We acted as Latvian legal counsel to the lenders – NORD/LB Norddeutsche Landesbank, Nordic Investment Bank, and Luminor Bank – in the EUR 75 million financing of a 148-MWp photovoltaic (PV) plant in Latvia, developed by Stelo Orienta SIA. This project, supported by the European Union under the InvestEU Fund, is sponsored by European Energy […]
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Latvenergo acquires large-scale solar park in Dienvidkurzeme municipality from Danish Sun Energy ApS
We provided legal advice to Danish Sun Energy ApS, a Danish greenfield developer, on the sale of 100% of its capital shares in DSE Aizpute Solar to Latvenergo, Latvia’s leading energy company. This acquisition will enable Latvenergo to construct a 265-MWp (megawatts DC) solar power plant by the end of 2025. This project marks a […]
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YIT implements a unique strategy in the development of Mārpagalmi
YIT, one of the leading construction companies and urban developers in the region of Northern Europe, is developing Mārpagalmi – a new residential quarter in one of the quietest corners of Āgenskalns, on Zemaišu iela, between Māra Pond Square and St. Albert’s Church. More about the project here. More than 600 apartments are planned to […]
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Linstow expands its real estate portfolio in the Riga Central Station area
Linstow, one of the leading real estate developers in the Baltics, has expanded its real estate portfolio in the Riga Central Station area, acquiring seven new properties from three different sellers. At the core of the acquired properties are three land plots with a joint development potential exceeding 25,000 m². The total value of the […]
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Tietoevry becomes the largest tenant of the Verde office centre with the largest office lease agreement of 2022
Tietoevry and the developer of the Verde office centre have signed a lease agreement, according to which Tietoevry will lease office space with an area of 4,500 square metres in the B building at the Verde office centre, becoming its largest tenant. The leased premises will be used for the purposes of the Tietoevry Latvia […]