Description
EDZL is a Latvian state-owned company responsible for organising and managing the construction of the Rail Baltica railway line in Latvia — the largest infrastructure project in the Baltic States in the past century. The company is also responsible for the acquisition and expropriation of real estate required for the development of the railway line in Latvia.
Our Contribution
Since 2018, Grant Thornton Baltic has been providing EDZL with independent real estate valuation services for properties affected by the Rail Baltica project in Latvia. Our work covers a wide range of property types — from commercial assets and shopping centres in Riga to agricultural land across various regions of Latvia.
Depending on the specific assignment, our services include property valuations, verification and assessment of compensation claims related to expropriation, preparation of expert opinions, and advisory support in negotiations with property owners. We also provide legal and analytical assessments of the validity of claimed damages.
Results
The valuation reports and expert opinions prepared by our team support EDZL in ensuring a transparent and efficient real estate expropriation process, contributing to the successful implementation of the Rail Baltica project in Latvia.
About our team
