Awards

Baltic Real Estate Awards 2024 are for Baltic region real estate projects, or phases of large projects completed for occupancy during the year 2023. 

 

Categories 

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 equipment 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 neighborhood. 

Best industrial project 

This category seeks to award a distinguished facility that meets several criteria of what makes industrial property future proof. Integrated modern and innovative logistic facilities, maintenance, efficient work planning and implementation are important factors for modern industrial centres. 

Best shopping center 

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 best urban regeneration project 

This category will honor any type of urban project: urban regeneration, new urban developments, transitory urbanism, etc. Permanent or temporary, the creation, use and/or renewal of unoccupied land, vacant sites, empty buildings, existing areas, towns or cities are key to offering better livelihoods, improving social inclusion, increasing economic growth, and inventing the city of tomorrow where the human is in the center. 

 

Criteria 
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 effective site selection credentials, catchment capacity, transport access, etc.; 

• Quality & punctuality of construction process; 

• Integration and impact of the project on its environment and community/city. 

Awards 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. Vilnius Tech University, Faculty of Architecture, Associate Professor (Lithuania)

Zane Tetere–Šulce and Elina Tetere, Founders of an architecture firm Open AD (Latvia)

Indrek Allmann, Founder and leading architect at architecture firm Pluss Architects (Estonia)

 

Procedure 

• Phase I. A list of projects completed in Lithuania, Latvia, and Estonia in 2023 is drawn up by Newsec Baltics and Ober-Haus Real Estate. Based on the detailed criteria, Newsec Baltics will select TOP projects in the office, retail, industrial, and hotel & tourism resort categories and Ober-Haus Real Estate will select TOP projects in the residential development category. TOP real estate projects of the year 2023 will be selected for the further evaluation process. 

• Phase II. Developers of TOP projects will be invited to complete applications (questionnaires) and provide more details and visuals of their projects. 

• Phase III. TOP projects with completed applications (questionnaires) will be provided to the awards Jury for further evaluation. 

• Phase IV. TOP projects will be assessed via live presentations for the final stage of the evaluation. The Jury will evaluate the projects on the basis of the detailed 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. 

• Phase V. The winners in each category will be announced and awarded at the Baltic Real Estate Awards during the Baltic Real Estate and Investment Forum 2024 on May 30th.