Real Estate & Environment

Ellex Klavins’s expertise in commercial real estate and construction matters derives from advising on the largest and most complex transactional, construction and development projects in Latvia. Our clients benefit from our significant experience in orchestrating complex, long-term projects. The breadth of our client base provides us with knowledge, enhanced by hands-on experience from all perspectives. We have mastered the local intricacies of law related to real estate, but we also know how to combine it with a broader internationally-minded approach. Our environmental law team is the only truly specialized team in the market, enabling us to provide efficient support to our clients.
Key projects in the field

Key contacts

Ivars Pommers


Head of Real Estate Practice

Ilga Gudrenika-Krebs



Inita Jurka


What's new in field
Ellex Klavins advised on 5 out of 10 largest real estate investment deals in 2019
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Key projects in the field

We advised Vilvi Group on the acquisition of a dairy manufacturing company in Latvia
AB Vilkyškių Pieninė, which belongs to Vilvi Group, has completed the procurement of 70% of the qualifying holding of SIA Baltic Dairy Board, which produces high value-added dairy ingredients.
SIA Baltic Dairy Board is a Latvian company, specialising in producing and selling high value-added dairy ingredients, and milk and whey separation. 
Investing into SIA Baltic Dairy Board, AB Vilkyškių Pieninė aims to strengthen and develop the assortment of the group’s high value-added dairy ingredients. The new Vilvi Group company in Latvia is one of the few Northern European companies, developing and manufacturing products, used for baby foods. Vilvi Group will make use of the newly forged synergy among the current group members and the SIA Baltic Dairy Board in the processes of whey separation and raw material procurement.
Partner Inita Jurka was leading the transaction in Latvia, the client was advised also by senior associate Zane Miglāne, associates Eduards Dzintars, Ineta Kanepe, Marats Golovkins and Kristers Losāns. In Lithuania, the client was consulted by senior associate Mantas Juška, partner Paulius Gruodis and associate Ieva Krivickaitė.
Vilvi Group is a TOP 5 dairy processor in Lithuania and has the newly built most modern whey processing plant in Northern Europe with fully automated processing process. As a result, the Group can offer consumers the highest quality whey products.
AB Vilkyškių pieninė is a listed company whose shares are traded on AB Nasdaq OMX Vilnius stock exchange.
We advised BTA Insurance Company on an investment transaction in a multifamily residential sector in Riga
BTA Baltic Insurance Company has acquired a large residential portfolio in Riga from real estate private equity company Rentejas. It is the largest portfolio transaction in the multifamily residential sector in Latvia to date. The portfolio includes 7 residential buildings in three locations comprising 170 tenanted units that are well-located in the central part of Riga.
The parties have agreed to keep the investment value undisclosed. This is the first investment for the BTA Baltic Insurance Company of such a large scale in the private rented residential portfolio in Riga.
The client was advised by Ellex Klavins partner Ilga Gudrenika-Krebs, foreign counsel Zinta Jansons, senior associates Anete Dimitrovska and Anna Misneva, as well as associate Kristers Losans.
BTA Baltic Insurance Company is one of the leading insurance companies in the Baltics, offering the broadest range of non-life insurance services in Latvia, Lithuania, and Estonia.
SIA Rentejas is a Latvian and Austrian company specializing in rental house reconstruction and management, which also provides full range of property management services.
More information (in Latvian) is available here.
We advised SG Capital Partners Fund I in the acquisition of Riga’s top logistics complex
SG Capital Partners Fund I has completed the acquisition of 90,000 m2 logistics complex near Pļavinieki / Dreiliņi districts by acquiring shares in SIA Beinits and SIA Balt Cargo Solutions from the group of private investors. The logistics complex is fully leased to a number of well-known local and international tenants, including Depo, Latvijas Balzams, Via 3L, Tamro, TOP and many others.
Ellex team in Latvia advised the buyer SG Capital Partners Fund I on the transaction process. The team included partner and head of real estate practice group Ivars Pommers, partner Inita Jurka, senior associate Zane Miglāne and associates Ineta Kaņepe, and Marats Golovkins.
Parties have agreed to keep the transaction terms and price confidential.
SG Capital Partners Fund I is Alternative Investment Fund registered in Latvia and is managed by SG Capital Partners AIFP. Fund’s assets exceed EUR 140 million and include one of the largest Riga’s office complex – Skanstes City. Fund investors are Baltic pension Funds.
Read more here.