COBALT advised Roche Latvia on reconstruction of Roche historic headquarters in Riga

COBALT advised and assisted Roche Latvia in connection with reconstruction of Roche historic headquarters in Riga.

The building was built in early 1930-s and served as an architectural inspiration for a number of Roche buildings across the Europe. It was nationalized during Soviet times and for decades used by various state institutions. Roche reacquired it in 2016.

COBALT team advised Roche Latvia in connection with reconstruction project. Amongst other, COBALT assisted Roche Latvia entering the agreement with an Italian contractor Novatek for the building levelling using novel technologies.

Reconstruction process is in progress and it is expected that Roche Latvia will move into the historic premises in Q1 2020. The building will host Roche Latvia office and innovations laboratory. The estimated project cost is 5 million euros.

COBALT team included Managing Partner Dace Silava-Tomsone, Partners Sandija Novicka and Toms Šulmais, Specialist Counsel Sabīne Vuškāne and Associate Juta Meimere.