Valuation of Courthouse Agency Properties

SIA “Tiesu namu aģentūra” (Courthouse agency) was established in 1997 and is wholly owned by the state, with the Ministry of Justice acting as the shareholder. The company is responsible for managing infrastructure and real estate related to the judicial system.
 
 
 

Between 2021 and 2025, Grant Thornton Baltic carried out real estate valuations of administrative buildings across several cities in Latvia, including Riga, Jūrmala, Daugavpils, and Ludza.

As part of the engagement, market valuations were performed for a range of purposes — including property disposals, financial reporting, and securing loan collateral. Throughout the process, our experts assessed the technical condition of the properties, analysed market conditions, and reviewed comparable transactions, ensuring objective valuations aligned with market realities.
 
 
 

The client was provided with high-quality and reliable real estate valuation reports, tailored to specific valuation purposes and fully compliant with applicable regulatory requirements. The valuations supported informed decision-making in areas such as property management, disposal, and financial planning.