Leading real estate developer Linstow Baltic has signed a construction contract with one of Latvia’s largest construction companies, UPB Nams, officially marking the beginning of one of the most ambitious and anticipated mixed-use urban development projects in the Baltics – development of Sporta 2 quarter.
The planned investment into the first phase development will reach 50 million euros and will deliver a 17,300 m² development, with the majority of the space dedicated to premium, flexible Class A office space. Construction begins in September 2026, with completion of the first phase planned by the end of 2028. More on the project here.
Our involvement and team behind it
We have been honoured to advise Linstow throughout the development by assisting with negotiations and preparing transaction documents for design services (tailor-made contract), FIDIC engineering services (FIDIC White Book), and a contract with the main contractor (FIDIC Yellow Book).
Our team consists of partner Jorens Jaunozols, counsel Santa Rubīna, senior associates Kate Ezerkalne, Andris Vilisons and Elvis Grinbergs, associate Mariuss Raits Bergmanis, and assistant lawyer Herta Cēsniece.
