Novators

SIA NOVATORS sells and leases buildings and land that it owns in Latvia. The company describes more than 500 commercial and private properties and offers consultation on property selection, arranging viewings, contract and notary support, and help with registering ownership in the land register.

Customers are buyers and tenants of its properties, and the company states that it charges no brokerage commission and negotiates terms individually with each buyer or tenant. It also offers instalment purchase agreements for up to 2 years. Clients named on the website include Latvenergo, Würth, Storent and Carglass Latvia. Other activities include a self-service car wash in Jelgava and Eleja, the Rundāles Dzirnavas complex (a reconstructed 19th-century mill with a museum, brewery and conference room), and the SILI hostel in Mežciems.

The company was registered in Jelgava in 1991. Its history includes electricity generation, and it operates 23 hydroelectric power stations in Latvia. It later expanded into real estate, and the website reports more than 20 years in the property market, over 100 active lease contracts and more than 300 purchase and sale transactions.

Product: Sale and lease of owned commercial and private buildings and land, plus a self-service car wash, a hostel and a heritage mill complex.