Awards
The Baltic Real Estate Awards 2025 recognize real estate projects in the Baltic region, including phases of large projects that were completed and became ready for occupancy in 2024.
Categories
Best Office & Business Development
This category recognizes newly constructed office buildings and business parks that enhance worker satisfaction and productivity, improve health, offer greater flexibility, and promote superior energy and environmental performance in the workplace. An integrated design approach should prioritize accommodating the specific space and equipment needs of tenants.
Best Residential Development
This category celebrates new residential developments that offer exceptional housing opportunities while embracing originality and aesthetic appeal. Thoughtful urban design and smart site planning are essential for ensuring that the project integrates seamlessly with the surrounding community and neighborhood.
Best Industrial Project
This category honors outstanding industrial facilities that are future-proof and meet modern logistical and operational demands. Key factors include innovative logistics solutions, efficient maintenance, and optimized work planning and implementation.
Best Shopping Center
This category rewards newly built, expanded, or renovated shopping centers, retail parks, or factory outlets that successfully attract and retain visitors. These projects should offer a unique shopping experience through new technologies, services, customer loyalty programs, and architectural features designed to increase foot traffic and customer satisfaction.
Best Hotel & Tourism Resort
This award recognizes the most innovative newly constructed hotel, considering its architecture, interior design, guest services, recreational facilities, and environmental impact. Client well-being and overall hospitality excellence are key evaluation criteria.
Best Public Urban Regeneration Project
This category honors outstanding urban projects, including urban regeneration, new urban developments, and transitory urbanism initiatives. Whether permanent or temporary, these projects should focus on the creation, renewal, and revitalization of underutilized spaces—such as vacant sites, empty buildings, and existing urban areas—to improve quality of life, enhance social inclusion, drive economic growth, and shape the cities of the future with a human-centered approach.
Judging Criteria
Projects will be evaluated based on the following key criteria:
- Innovation & Design – Demonstrating new ideas, approaches, or execution models that enhance tenant appeal, efficiency, sustainability, and public recognition.
- Location & Accessibility – Effective site selection, catchment capacity, and transport accessibility.
- Quality & Timeliness of Construction – Adherence to high construction standards and project completion schedules.
- Integration & Community Impact – The project's effect on its environment, community, and city.
In cooperation with our partners:
Jury members:
Mindaugas Statulevičius, President of the Lithuanian Real Estate Development Association (Lithuania)
Ints Dālderis, Director of the Latvian Alliance of Real Estate Developers (Latvia)
Madis Raidma, CEO at East Capital Real Estate (Estonia)
Evelina Povilaitytė, Editor of Construction and RE column at Verslo Žinios (Lithuania)
Linas Naujokaitis, Architect, Associate Professor at Vilnius Tech University, Faculty of Architecture (Lithuania)
Elina Tetere, Partner, Open Architecture Design (Latvia)
Ardi Roosimaa, Member of the Supervisory Board, RESTATE!; Member of the Board, Estonian Association of Real Estate Firms (Estonia)
Selection & Evaluation Process
Stage I
A list of real estate projects completed in Lithuania, Latvia, and Estonia in 2024 is compiled by Newsec Baltics and Ober-Haus Real Estate. Based on detailed criteria, Newsec Baltics will select the top projects in the office, retail, industrial, and hotel & tourism resort categories, while Ober-Haus Real Estate will select the top projects in the residential development category. The top real estate projects of 2024 will proceed to the next stage of evaluation.
Stage II
Developers of the top projects will be invited to submit applications (questionnaires) with additional details and visuals of their projects.
Stage III
The completed applications of the top projects will be submitted to the Awards Jury for further evaluation.
Stage IV
The top projects will be presented live during the final stage of evaluation. The Jury will assess the projects based on detailed criteria relevant to their area of expertise. The jury scores will be compiled to determine the highest-scoring projects in each category.
Stage V
The winners in each category will be announced and awarded at the Baltic Real Estate Awards, held during the Baltic Real Estate and Investment Forum 2025 on May 28th.