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Cobalt Helps SIA M257 Obtain Commission for Akropole Projects in Riga

Cobalt Helps SIA M257 Obtain Commission for Akropole Projects in Riga

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The Riga office of Cobalt has helped SIA M257 obtain a commission for Akropole projects from the City of Riga's construction authority.

SIA M257 is developing the Akropole building -- a multifunctional shopping and entertainment center which will open its doors on April 4, 2019.

The gross building area is 98,000 square meters, which includes 9,000 square meters of office space. According to Cobalt, the center will house 170 tenants, including fashion and lifestyle stores, cafes, restaurants, an ice hall, a gym, and a cinema with nine screening rooms and the only IMAX screening room in Latvia.

Cobalt’s team included Managing Partner Dace Silava-Tomsone, Partners Toms Sulmanis and Gatis Flinters, and Senior Associate Inga Tenisa.

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.