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Project management is necessary in every sector and company, also in real estate. Vestabalt provides full cycle project management in real estate development – from property purchase and development vision to putting into operation, selling, renting of the property and further real estate management.

We offer full cycle project management, cooperation within different project stages as well as full project takeover. We also work with micro-projects – flat re-planning, rebuilding legalization, building facade repair projects, etc.

Over the years, Vestabalt has gained a lot of significant and diverse experience – especially noteworthy is the real estate project management successfully carried out by our company’s specialists in the following segments:

  • Residential segment;
  • Commercial segment;
  • Retail segment;
  • Hospitality and tourism segment.

We are also proud to highlight our experience and knowledge in working with several development projects in the historic centre of Riga.

Project management services

The aim of our project management services is to provide a result that meets our clients’ needs defined goals, to ensure all the necessary information to our clients and project partners to make them feel safe and confident in our work. We offer and provide the following project management services:

  • Consultations and feasibility studies on the most appropriate development model;
  • Consultations on the project’s legal aspects, most appropropriate business model, preparation of the business plan to attract funding;
  • Support for attracting funding from ALTUM program, Riga city municipality co-financing for the preservation of cultural-historical building heritage, etc.
  • Organization of design works, building concept tenders, selection of architects and designers, preparation of contracts, customer representation during designing works;
  • Selection and hiring of construction works contractors, customer representation during construction works;
  • Evaluation of past projects in accordance with the current development and town planning rules and regulations, market situation, legal and financial aspects, preparation of recommendations on the preferable project changes;
  • Coordination of the object’s putting into operation;
  • Cooperation with sales and management specialists – development and implementation of the object’s sales strategy, selection of real estate managers, contract conclusion.

Why choose Vestabalt as your real estate developer?

High-quality project management is a prerequisite for a successful project. It is a combination of various concepts, knowledge, professional skills, tools and methods to achieve project goals and ensure project success. During the project, it is essential to review, predict and optimize project stages. Without effective management projects, problems may occur frequently and the risk of failure increases.

Choosing Vestabalt to provide you real estate project management, you are guaranteed:

  • Comprehensible and easy communication with the project manager who coordinates the whole working team of the project;
  • Effective decision making;
  • Shorter project implementation terms due to an optimal planning of project stages;
  • Control of quality, design, costs and time schedule as well as flexible implementation of changes;
  • Warranty of the processes’ compliance with laws and regulations, building standards, relevance of architectural and technical solutions and compliance with the programme.

With Vestabalt, your real estate project management will be in safe hands. You will be provided with legal support, coordination of works, control of deadlines and costs, documentation, regular status reports and other project-management-related services.