Our history
LREDA was established in November 2005 and currently unites 13 real estate development companies and 4 real estate professionals from office, hospitality, residential, retail, amusement, warehouse and other development sectors. LREDA has started development of the New House Classifier, providing both new project developers and buyers with a valuable guide, which helps them in decision-making process. The Classifier is a set of criteria to evaluate new flats/houses at several levels, based on the hierarchy of human needs - such as, costs, safety, guarantees, convenience, prestige, impact on the environment and public. Biggest members of the LREDA are: AS Kolonna; SIA Spire Baltic; SIA Pilsētmāju institūts Urban Art; SIA Remarks nekustamie īpašumi; SIA Pakhaus; SIA Stone Develpoment; SIA R.E.D. Pro; SIA Būve-93; SIA PBLC – nekustamie īpašumi; SIA Velve-AE; SIA DOMUSS; SIA Dommo; SIA E.L.L. Nekustamie īpašumi.
Our vision
Be a source of competence in real estate branch, which leads society in to a new era of special environment.
Our mission
We enhance the quality of real estate properties - giving citizens’ a right to live in qualitative space.
Main aims
1. To ensure a sustainable - long term development of real estate sector in Latvia
2. To unite real estate project developers in organized structure, which guides and effects real estate processes in the state
3. To assume responsibility for qualitative real estate projects development
4. To form a dialogue with society for well-considered development of real estate projects
5. To promote Latvian real estate competitiveness in the World
Tasks
1. Strengthen real estate business environment
Government relationships
Collaboration with Riga City Council City Development Department
Cooperation with other professional associations of real estate industry
Public relations
Development of proposals for streamlining Latvian legislation in real estate market
Organization and contribution to contests of the best real estate projects in Latvia
2. Stimulation of professional competence in real estate developers’ society
Development of the New Housing Classifier
Evaluation of real estate development projects in Latvia
Organization of professional seminars and forums
Contribution to development of Riga City planning institute
Conducting researches in real estate sector
3. Encourage demand for real estate products and services
Comment and explain industry events and issues to mass media
Marketing and branding of LREDA (promotion of members of the association, its products, services and new business ideas; development of LREDA internet site and handouts)
4. Facilitate interaction and collaboration among real estate developers and investors.
Development of database of Latvian real estate projects in partnership with Riga City Council City Development Department
Organization of members’ meetings (bimonthly)
Attraction of new members
Organization of conferences and forums, discussions and round tables, events, etc.
Participation in industry’s public and business events
Development of business contacts abroad
