Real Estate & Construction

Ellex Raidla has developed a deep understanding of the commercial requirements of owners and contractors during its two decades of experience in handling various aspects of the real estate and construction sectors. Working collaboratively and across borders, we help ensure planning and execution of precise solutions in even the most complex projects. Our clients are leading local and international property owners and developers, construction companies, investors, as well as public sector institutions.
Key projects in the field

Key contacts

Jaanus Ikla


+ 372 640 7170

Martin Triipan


Head of Environment, Planning and Administrative Law practice group
+ 372 640 7170

Ermo Kosk


+372 640 7170

Key projects in the field

We are advising Lumi Capital and LHV pension funds on the acquisition of rental buildings
Lumi Capital, together with LHV pension funds, have concluded an agreement with Bonava, as a result of which two new rental buildings with all conveniences will be established in the future residential district of Uus-Mustamäe, on the outskirts of Mustamäe. The rental buildings will be completed in the second half of 2021.
The rental buildings to be built in the Uus-Mustamäe residential district will feature 84 one-, two- and three-room apartments. The rental buildings form a part of the comprehensive living environment developed by Bonava, in which 750 new homes will be completed over the next 5-7 years.
“Lumi Capital will continue looking for investments all over Tallinn, to create brand new rental apartments, for which there is a great demand. In cooperation with LHV pension funds we plan to increase the portfolio of rental houses to 500 apartments,” commented Martin Rekor, partner at Lumi Capital.
The transaction is the second investment in rental buildings in the cooperation of Lumi Capital and LHV Pension Funds. The first investment was the Lumi Kodud rental buildings, with 127 apartments, acquired in the Manufacture district, which will be completed next spring.
Ellex Raidla’s Partner Ermo Kosk, Senior Associate Sandra Värk and Associate Marilin Laud are advising Lumi Capital and LHV pension funds with establishing the legal structure of the transaction, conducting the legal due diligence and drafting and negotiating transaction documents. Ellex Raidla’s team previously assisted with the legal aspects in the Manufacture district rental buildings project.
We Assisted in Signing the Biggest Lease Deal in 2018
The law firm Ellex Valiunas was a mediator in SEB’s transaction with UAB Technopolis concerning leased space in the new office building Nova. The SEB Group service centre will occupy 26.740 sq. m. of the leased space in the business centre. The new office building Nova will be built near the Vichy aqua park and Siemens arena. It is planned to open in 2020.
Ellex Valiunas team was led by partner Paulius Gruodis and associate Mantas Juška, other lawyers involved: associate partner Dovilė Skestenienė, junior associate Arvydas Grušeckas and others.
We represent the Ministry of Finance in Rail Baltic disputes
Ellex Raidla’s Partner Martin Triipan and Attorney Kaisa Laidvee are representing the Ministry of Finance before the Administrative Court in disputes concerning the construction of the Rail Baltic railway.

Various complainants have disputed in court the county plans that establish the Rail Baltic route in Estonia. The complainants believe that the county plans are unlawful and the Rail Baltic route has not been correctly determined.

Tallinn Administrative Court rejected the complaints in the court of first instance and said that the county plans are lawful and the county plan procedure has appropriately weighed the impacts of the railway route (incl. to nature and habitation).