Cobalt is advising Roche Latvija on the reconstruction of Roche's historic headquarters in Riga, as well as on an agreement with Italian contractor Novatek to level the building.
The estimated project cost is EUR 5 million.
The Roche historic headquarters was built in the early 1930s, and according to Cobalt, it “served as an architectural inspiration for a number of Roche buildings across the Europe.” It was nationalized during Soviet times and was for decades used by various state institutions. Roche reacquired the building in 2016.
The reconstruction process is in progress and is expected to finish at the beginning of 2020. The building will host Roche's Latvian office and innovations laboratory.
In 2018, Cobalt advised Roche Latvija on the acquisition of Roche's product distribution businesses, to Medilink (as reported by CEE Legal Matters on September 10, 2018).
The Cobalt team advising on the reconstruction and leveling project consists of Managing Partner Dace Silava-Tomsone, Partner Sandija Novicka, Specialist Counsel Sabine Vuskane, and Associate Juta Guļkevica.