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Baurum

Redefining asset value through a systematic approach, expertise, and discipline

Baurum is a real estate focused asset manager and developer based in Latvia. We preserve and grow capital through tangible assets, disciplined execution, and a generational perspective.

Our work follows a generational outlook on capital

Sustain. Multiply. Pass on.

  • Focus on
    what endures

    We look beyond market cycles to prioritize assets with lasting value. Our strategy is built on quality construction and functional design. By unlocking the core strengths of each property, we ensure it remains resilient and functional across generations.

  • Long-term
    stewardship

    We treat capital, assets, and trust as generational commitments. Our management is guided by the principle of active responsibility, ensuring that every property is nurtured for sustained performance. We prioritize long-term stability, aligning our success with the enduring value of the portfolios we lead.

  • Responsible
    ownership

    We view environmental, social, and governance standards as essential to long-term value. Our approach focuses on tangible efficiency – improving building performance, ensuring transparency, and creating spaces that benefit both the people who use them and the city. By integrating these principles, we protect asset value and ensure the resilience of the portfolios we manage.

We specialize in real estate as a foundation of lasting value.

Real Estate Development
Asset Management
Strategy & Governance
Real Estate Development

Our focus is on properties with untapped value. Through careful repositioning, targeted upgrades, and hands-on management, we improve both performance and long-term stability. We manage each stage of the process to turn underperforming assets into reliable, income-generating investments.

Asset Management

Capital is allocated to real assets with a clear focus on downside protection and long-term growth. We prioritise investments that deliver predictable cash flow and strengthen the company’s position over time. This approach ensures consistent value creation while preserving flexibility.

Strategy & Governance

We work with clear responsibilities and direct accountability. Decisions are made with a clear understanding of each asset, allowing for faster, more precise execution.

8+

successfully realized projects

25k+

m2 of developed and managed real estate

Ongoing

Augusta

Blaumaņa 5A, Riga

A historic building from 1913 in Riga city center. Conversion of an office asset into prime residential real estate.

Area: 7,300+ m2
Format: conversion → residential
Focus: value preservation, ESG upgrade, exit through sales.

Featured properties

Stefan's
houses

Brivibas 128
Tallinas 26, Riga

Redevelopment of a historic complex into a mixed-use format.

Area: 3,200+ m2
Execution period: < 12 months
Outcome: full turnaround and successful exit.

Baurum is led by senior professionals with 20+ years experience across real estate, strategy, and governance.

Boriss Maizenbergs

At Baurum, we believe in doing a few things with uncompromising excellence: mastering real assets, planning for decades, and standing behind everything we build.

Boriss Maizenbergs Managing Partner & COO, Baurum