TGS Baltic assisted with the opening of one of the largest and the most contemporary shopping and leisure malls in the Baltics – Akropole.

04 / 19

On 4 April 2019, one of the largest, most contemporary and technologically advanced shopping and leisure malls in Latvia - Akropole opened its doors.

Akropole is one of the largest construction projects in Latvia in the recent years, with the total investments in the implementation of the project reaching slightly below 180 million euros. The total area of the shopping mall and the office building is 98,000 square meters, 90,000 square meters whereof are allocated for retail, while the rest – for office premises.

The spacious shopping mall includes an ice rink, the first Apollo Kino Cinema in Latvia with 9 auditoriums, 1,140 seats and the first IMAX cinema in Latvia that combines the latest sound and image quality technologies (7 million euros investment), and an elegant and spacious Maxima XXX grocery store (3.6 million euros investment). 170 tenants of Akropole offer wide selection of fashion and lifestyle stores, various services, a sports club and a large number of cafes and restaurants. The shopping mall skilfully combines the latest trends in architecture and interior design with the heritage of the former historically significant Kuznetsov Porcelain Factory.

For a couple of years TGS Baltic regularly advised SIA M257 on the construction, lease of premises, data protection, corporate/commercial, merger, antitrust and other important aspects of the project. The team working on the various aspects of the project included Partner Linda Štrause, Partner Andra Rubene, Senior Associate Māra Stabulniece, Associate Aija Kreicberga, Associate, Certified Tax Advisor Rūdolfs Vilsons, Associate, Certified Personal Data Protection Officer Kalvis Krūmiņš, Associate, Personal Data Protection Specialist Jānis Kāršenieks.

After time of close co-operation TGS Baltic is pleased with the successful launch of this ambitious project by the client.