Real Estate Overview
The real estate market in the Baltic States and Belarus is recovering from a complete standstill. Many investors wish to benefit from low construction prices, developers are fighting for their assets, tenants want to exit their leases and in some sectors demand exceeds supply. This unique situation can benefit the knowledgeable and quick-witted.
The SORAINEN Real Estate Practice has been busy even in these times, which is a compliment to the team’s abilities and strength. The lawyers of the SORAINEN Real Estate Practice advise leading players in all sectors of the real estate industry and in many of the most significant projects. SORAINEN has extensive experience in advising local and international investors, developers, tenants and financiers on buying, selling, letting, financing, developing and operating all types of real estate and in all transactional aspects.
The SORAINEN Real Estate Practice has in recent years been constantly ranked very high by all major legal directories, such as The Legal 500 (commending the “international focus and experience of the lawyers enabling the firm to provide the quality of service expected from big international firms”) and Chambers Europe (“wonderfully experienced and always up to date, with a broad knowledge of the market”).
SORAINEN offers expertise in all key real estate areas in the Baltic States and Belarus, including:
- due diligence of real estate and SPVs;
- sale and purchase, including foreclosures and portfolio sales;
- commercial leases;
- sale and leaseback;
- security (mortgages, guarantees);
- property development;
- design and construction;
- tax advice and tax structuring;
- planning and zoning;
- public private partnership (PPP);
- dispute resolution.
The regional head of the SORAINEN Real Estate Practice is Ģirts Rūda, whose contacts appear below.
Local heads of the SORAINEN Real Estate Practice are: