The leading real estate developer in the Baltic region, Linstow Baltic, has been awarded the Riga Business Award as “Riga’s Enterprise of the Year in the Real Estate Sector”. The award recognises the company’s strategically significant contribution to the development of Riga’s city centre, the strengthening of the city’s competitiveness, and the creation of a sustainable urban environment.

Upon receiving the award, “Riga’s Enterprise of the Year in the Real Estate Sector”, Linstow Baltic’s Chairman of the Board, Frode Gronvold, emphasised the company’s long-standing commitment to advancing urban development: “We are truly honoured to receive this recognition from the Riga City Council. This award is an important acknowledgment of our long-term and purposeful work in developing the Riga Central Business District and shaping a sustainable, modern and people-centric urban environment. We remain highly committed to contributing to the continued development of this district. My sincere thanks go to our entire team for their professionalism and dedication, as well as to our partners for their trust and constructive cooperation.”

Linstow Baltic continues to implement strategically important urban development projects that strengthen Riga’s competitiveness in the Baltic and Northern European regions, creating high-quality working, business, and living environments for residents, visitors, and companies. The development of the Riga Central Business District is a key part of the company’s long-term vision, and Linstow Baltic is actively investing in the revitalisation and strategic transformation of this area. Major contributions to this vision include the development of Origo shopping centre, the establishment of Origo One Class A office complex, and the newly opened SATEKLES BIZNESA CENTRS a Class A office complex recently recognised as “Project of the Year” at the BREL Forum Awards 2025.

The Riga City Council’s “Riga Business Award” award has been presented for the fifth consecutive year across seven priority business and investment environment sectors, including real estate. The jury evaluates companies based on growth indicators, job creation, investments, sustainability initiatives, innovation, and employee well-being.