TerraNova Developments

TerraNova Developments is a prominent real estate development firm based in Riga, Latvia, specializing in high-end residential and commercial projects. Founded in 2020 by real estate entrepreneur Andris Ozols, the company focuses on developing luxury residential properties and modern office spaces in prime locations across Latvia and the broader Baltic region. TerraNova Developments is known for its emphasis on sustainability, quality construction, and innovative architectural designs that blend modern aesthetics with local culture.

The firm employs a team of 35 real estate professionals, architects, and project managers, who work together to deliver premium projects tailored to the needs of Latvia’s growing real estate market. A notable achievement for TerraNova Developments includes the successful completion of a luxury waterfront apartment complex in Jurmala, which became one of the most sought-after residential addresses in Latvia. The firm also focuses on eco-friendly practices, incorporating energy-efficient technologies and green building materials into its developments.

TerraNova Developments operates with core values of innovation, sustainability, and client satisfaction. In 2023, the company reported revenues of €12 million, driven by the increasing demand for luxury real estate in the Baltic region. Looking forward, TerraNova Developments plans to expand its operations into Estonia and Lithuania, with a focus on developing mixed-use projects that combine residential, retail, and leisure spaces, solidifying its position as a leading real estate developer in the Baltics.