Baltic Real Estate Awards 2018 are for Baltic region real estate projects, or phases of large projects completed for occupancy during the year 2017. They include awards for the most value producing buildings of the year in the areas of office, retail, hotel and residential development.



Best office & business development
This category rewards newly constructed office buildings and business parks that offer owners and users increased worker satisfaction and productivity, improved health, greater flexibility and enhanced energy and environmental performance of the workplace. Through an integrated design, the focus must be on the ability to accommodate the specific space and equipments needs of the tenant.

Best residential development
This category celebrates new developments that provide the best housing opportunities, while adopting originality and aesthetics. An integrated urban design, as well as a smart-site planning, is important for the residential project to merge well with the wider community and surrounding neighbourhood.

Best shopping centre
This category rewards the new, expanded or reconstructed shopping centre, retail park or factory outlet which succeeds in encouraging and retaining traffic, while offering a unique shopper experience through new technologies, services, customer loyalty programmes and architectural features that aim to increase footfall and customer satisfaction.

Best hotel & tourism resort
This award honours the most innovative newly-constructed hotel in terms of architecture and  interior design, while also considering client well-being, services provided to guests, leisure and recreational facilities and environmental aspects.

The awards are judged according to the following key criteria:

  • Innovation & Design showing new ideas, approaches or execution models that enhance the project’s tenant appeal, efficiency and value in relation to its environment, public and media recognition, sustainability;
  • Location & accessibility showing effective site selection credentials, catchment capacity, transport access, etc.;
  • Quality & punctuality of construction process.

Awards partners:

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Jury members (Will be updated)

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Mindaugas Statulevičius, Head of Lithuanian Real Estate Development Association (Lithuania)
Mārtiņš Vanags, Managing Director of National Alliance of Real Estate Developers of Latvia (Latvia)
Ardi Roosimaa, Chairman and owner at Uus Maa Property Advisors, member of the board at Association of Estonian Real Estate Firms (Estonia) 
Liucija Zubrutė, Editor of RE rubric at „Verslo žinios“ (Lithuania) 
Anne Oja, Editor of Äripäev real estate news portal (Estonia) 
Indrek Tiigi, Chartered architect, co-founder of Allianss Architektid, member of Estonian Architects Union (Estonia)
Linas Naujokaitis, Chartered architect, Director of Formatas A1, member of Lithuanian Architects council 
Union (Lithuania)



  • Phase I. A list of projects completed in Lithuania, Latvia and Estonia in 2017 is drawn up by Newsec Baltics and Ober-Haus. Based on criteria Newsec Baltics will select TOP projects in retail, office and hotel categories and Ober-Haus will select TOP projects in residential development category. TOP 17 real estate projects of year 2017 will be selected for further evaluation process.

  • Phase II. Developers of TOP17 projects will be invited to complete applications (questionnaires) and provide more details about the projects.

  • Phase III. TOP17 projects with completed applications (questionnaires) will be provided to the awards Jury for evaluation. The Jury will evaluate the projects on the basis of criteria within the relevant area of competence. The scores of the Jury will be added up to identify the top scoring projects in each category.


„Verslo žinios“ - galvojantiems savo galva