Baltic Business Brochure - Estonia Latvia Lithuania February 2021 - bnt attorneys in CEE
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Baltic
Business Brochure
Estonia Latvia Lithuania
February 2021
Dear Reader,
The bnt Baltic Business Brochure provides information about upcoming investment projects in the Baltic States. The
information in this issue was compiled as of 15 February 2021.
With offices in Estonia, Latvia and Lithuania, bnt attorneys in CEE covers this region in all relevant areas:
• business law, including corporate/M&A
• commercial and contract law
• litigation and arbitration
• tax and administrative/procurement
For further information on the projects portrayed please contact our local offices :
Estonia Latvia Lithuania
Tatari 6 Antonijas iela 24-7 K. Kalinausko 24-401
EE-10116 Tallinn LV-1010 Rīga LT-03107 Vilnius
Estonia Latvia Lithuania
+372 667 62 40 +371 6616 44 11 +370 5 212 16 27
info.ee@bnt.eu info.lv@bnt.eu info.lt@bnt.eu
Contact Person: Contact Person: Contact Person:
Aet Bergmann Dr. iur. Henning Jensen Hans Lauschke
2
Contents Estonia 5 New development project in Noblessner (Tallinn) 6 New beach building at Stroomi, Tallinn 7 Porto Franco – scandalous yet great investment opportunity 8 Private island for sale 9 Latvia 10 Daugavpils to revitalize famous shopping mall “Ditton nams” 11 City of Daugavpils finalizes its Northern Industrial Zone project 12 Latvia and Estonia plan to attract EU funds for windpark research 13 Business and innovation park to be developed near Riga 14 Lithuania 15 Management of Kaunas Sports Hall and S. Darius and S. Girėnas Stadium 16 Development of Car Parking Spaces in Karklė 17 3
New road tunnel for Vilnius 18 Modernization of street infrastructure in Tauragė City 19 Raudonė castle management, use and maintenance 20 4
Estonia 5
New development project in Noblessner
(Tallinn)
Construction &
Field: Timeline: 2021 - 2023
Development
starts from 3,520
Developer: Kodusadam OÜ Value: euros per square
meter
Kodusadam OÜ, a joint venture of AS BLRT Grupp and AS Merko Ehitus Eesti,
has decided to launch a new real estate development project in Noblessner
seafront estate, which comprises in total of five residential buildings with 161
apartments and 14 commercial premises.
The buildings have been designed by KOKO architects and the interior by
KAOS Architects.
Noblessner won in Best Urban Regeneration category at the Baltic Real Estate
Awards 2020 for the first development phase of district in 2014-2019.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
6
New beach building at Stroomi, Tallinn
Field: Construction & Timeline: 2022
Development
Tallinn City
Developer:
Government
The competition for the best architectural solution for the new Stroomi beach
building was won by the work "Rannahoov" (Beach Yard), a joint work by two
Estonian architectural offices. The vision of the architects is airy, transparent
and multifunctional.
The aim of the competition was to ensure a more functional public building at
the most popular beach in the north of Tallinn. The current beach building,
built in 1996, will be replaced by the new set of buildings.
The start of the construction is envisaged for 2021 and it should be ready by
2022.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
7
Porto Franco – scandalous yet great investment opportunity Developer: Porto Franco OÜ Value: EUR 20o million Porto Franco is the largest development project in Estonia ever, with a total area of 150 000 m2. Porto Franco is a unique real estate development that opens Tallinn’s city center to the sea, being the only business and leisure area situated at close vicinity to the sea in the Estonian capital. Decisions by the Estonian government in 2020 to give subventions to the project during the COVID-19-crisis were widely criticized and led to criminal proceedings due to alleged corruption, and subsequent resignation of the state government. Therefore, financing decisions were revised by creditors and a need for new capital is expected to arise. The total cost of the development of Porto Franco is close to EUR 200 million. The bnt Baltic Business Brochure is published for general information purposes only and does not constitute advice of any kind. The publisher is not liable for any errors or misrepresentations. 8
Private island for sale An uninhabited picturesque islet, situated on the eastern coast of the Estonian island Hiiumaa, is for sale again by its sole owner. With a size of 24 hectare and a 2-kilometre distance from the coast of Hiiumaa, it offers fantastic opportunities for solitude, retreat and self-isolation. The island’s coast area is covered with junipers, the central part with pines, birches and rowan trees. Remains of an old farmstead at the highest point of the island and an old well with groundwater safe to drink allow fo r planning new houses. The bnt Baltic Business Brochure is published for general information purposes only and does not constitute advice of any kind. The publisher is not liable for any errors or misrepresentations. 9
Latvia 10
Daugavpils to revitalize famous shopping mall
“Ditton nams”
Construction, trade, Start of the works in
Field: Timeline:
retail 2023
Developer: SIA “Ditton nams”
The city of Daugavpils gave green light to support the idea to reconstruct the
downtown shopping centre “Ditton nams” as well as to revitalize the “green
market”. The already existing shopping centre under the same name requires
modernization, in order to match current technological standards and to
become more attractive.
The new shopping and trade facilities will encompass a whole district with
more than 25 000 m², parking space, green areas, a hotel and a 12-storey
building.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
11City of Daugavpils finalizes its Northern
Industrial Zone project
Economic zone,
Field: Value: EUR 8 million
infrastructure
Developer: City of Daugavpils
In order to attract investors, the City of Daugavpils adds the last touch to
roads, production facilities and other infrastructure in its Northern Industrial
Zone (Ziemeļu industriālā zona).
The zone with a size of 117.4 ha hosts producers of various product groups such
as the production of chemicals, electric cables, textiles, metal towers as well as
construction industry. The development of the zone is one of the biggest
projects in the region with EU co-financing.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
12Latvia and Estonia plan to attract EU funds for
windpark research
Infrastructure,
Field: Timeline: until 2030
renewable energy
Latvian Ministry for
Developer: Value: EUR 8 million
Economic Affairs
Until the year 2030 Latvia and Estonia plan to project a wind park in the Gulf
of Riga, in order to diversify the energy supply of both countries. The park’s
planned capacity shall be between 700 and 1 000 megawatts.
Not only for research, but also for the development of the infrastructure
attraction of European funds, both countries have signed a corresponding
memorandum of understanding. The wind park itself shall be built by private
investors.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
13Business and innovation park to be developed
near Riga
Field: Infrastructure Value: EUR 6 million
Business and
Developer: innovation park
“Mežgarciems“
In Carnikava, a municipality close to Riga, a business park of 15 ha has been
unveiled. EU funds of more than EUR 6 million have been invested in
infrastructure and communication facilities. The project comprises 6.4 km of
asphalted roads and sidewalks, nearly 8 km of water pipes and sewage as well
as 7.2 km lights.
Four first movers (“SMW Group“, “Sistēmu inovācijas”, “Titāns” and “AAB
Group”) have already acquired industrial plots in “Mežgarciems“, each
investing more than EUR 500 000 and having undertaken to create no less
than 15 new workplaces.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
14Lithuania 15
Management of Kaunas Sports Hall and S.
Darius and S. Girėnas Stadium
Educational 15 years (about 6
Field: Infrastructure, Timeline: months - installation
Culture, Sports and works, over 14 years -
Leisure provision of services)
Kaunas City
Developer: Municipality Value: EUR 12.6 million
Administration
The PPP project aims to grant the right to a private entity (concessionaire) to
install the Kaunas Sports Hall and S. Darius and S. Girėnas Stadium
reconstructed at the expense of Kaunas City Municipality and to provide non -
formal education, sports and leisure, cultural services and commercial
activities.
It is planned that the private entity (concessionaire) will be able to provide
non-formal education services to up to 900 students per week, 480 sports per
week will be able to attend various sports.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
16Development of Car Parking Spaces in Karklė
15 years (2 years -
Field: Road, parking Timeline: design, construction,
13 years - provision of
services)
Klaipeda district
Developer: municipality Value: EUR 1 million
administration
The Concession tender aims to equip an area of 2 700 m² with 100 parking
spaces and the infrastructure of hygiene premises (public toilet).
The public entity will outsource the design, construction, maintenance,
operation, waste management, cleaning of premises and parking services to a
private entity, for which the private entity will collect the tolls.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
17New road tunnel for Vilnius
Field: Construction Timeline: Start early 2021
Lithuanian Road
Developer: Administration
(LAKD)
A new road tunnel route is being planned in Vilnius. The tunnel will be located
in the Tarandė area of the city.
The aim of the project is to reduce heavy traffic jams in the area, which forms
around a junction with the Ukmergė highway at peak times.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
18Modernization of street infrastructure in
Tauragė City
18 years (3 years for
Field: Road construction Timeline: design), (15 years for
services)
Tauragė district
Developer: municipality Value: EUR 10.5 million
administration
The project aims to solve this year's intensively used, poorly maintained 24
streets / sections of Tauragė city, to renovate them (gravel cover), improve
pedestrian communication infrastructure in streets / sections of streets,
install street lighting and operate and maintain the created infrastructure
during the project implementation.
The project will include design, construction (modernization of streets,
sidewalks), maintenance, repair, maintenance of lighting poles, lamp
replacement.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
19Raudonė castle management, use and
maintenance
Field: Construction Timeline: 15 years
Jurbarkas district
Developer: Value: EUR 10 million
municipality
The project aims to renovate the interior of the Red Residence Castle, which
would house a 3-star hotel with 30 accommodation places (rooms), the
restaurant could host festive celebrations, conferences, educational events,
concerts and additional tourism services. The project aims to renovate the
interior of the Red Residence Castle, which occupies 2768, 31 sq.m. area.
The project is a PPP under a negotiated procedure with publication of a
contract notice. The project is currently in the project preparatory phase. The
targeted private investment volume is EUR 2.15 million.
The bnt Baltic Business Brochure is published for general information purposes only
and does not constitute advice of any kind. The publisher is not liable for any errors
or misrepresentations.
20www.bnt.eu 21
You can also read
