YIT, one of the leading construction companies and urban environment developers in Northern Europe, plans to develop a property at Zemaišu iela 3, Riga. Recently, YIT received a building permit to carry out the first construction – a high-rise residential building.
The construction intention will result in the development and improvement of a previously neglected area in one of the most beautiful districts of Riga, Āgenskalns. It is expected that total investments in the project will reach approximately EUR 40 million, and more than 600 apartments will be constructed.
The client (YIT) asked for our assistance in communication with the Riga City Construction Board, which was initially of the opinion that there were obstacles (unrelated to the present construction) to issuing the building permit. We helped to clarify how YIT’s development intention would be realised stage by stage, and provided reasoning related to issues concerning necessity of developed detail planning and holding a public hearing, as well as explained why there were no obstacles to the issuing of a building permit for this particular construction project. After mutual understanding and cooperation were established, the Construction Board agreed with our reasoning and issued the building permit.
The client was advised on this matter by senior associate Jorens Jaunozols and partner Lelde Laviņa.