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Cobalt Advises VPH Latvia On New Riga Shopping Center Development

Cobalt Advises VPH Latvia On New Riga Shopping Center Development

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Cobalt has advised VPH Latvia on the development of a shopping center on Valdeku street in Riga.

According to the firm, the new center – expected to open its doors at the end of 2021 – will consist of two buildings with a total gross leasable area of 4,300 square meters, with the planned project investment amounting to approximately EUR 8 million. Cobalt further informed that one of the buildings will be occupied by a built-to-suit Lidl grocery store, while the other will be occupied by other retailers and caterers, including Spirits&Wine, Apotheka, DinoZoo, Cili Pizza, and Lecenu Delikateses.

Cobalt's team included Managing Partner Dace Silava-Tomsone.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.