CBRE Baltics
CBRE Baltics, rebranding to CPB in 2026, is a Baltic-focused commercial real estate advisory firm offering valuation, investment brokerage, leasing, design and construction, asset management, and data and research services to enterprise real estate investors, owners, and developers across Estonia, Latvia, and Lithuania.
- Company typePrivate
- Founded2011
- HeadquartersRiga, Latvia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What CBRE Baltics does
CBRE Baltics, now rebranding to CPB (Connecting Property & Business) starting in 2026, is a commercial real estate advisory firm focused exclusively on the Baltic region of Estonia, Latvia, and Lithuania. Headquartered in Riga, Latvia, the firm operates with a lean team of 11-50 employees led by three named partners (Denis Rein, Mārtiņš Grīnbergs, Santa Rozenkopfa). It delivers an integrated six-service platform covering Valuation and Advisory, Design and Construction, Investment Properties, Advisory and Transactions, Data and Research, and Asset Services, supported by two digital modules: a searchable Properties Listings portal and a Market Insights research publication portfolio covering office, industrial, retail, residential, hotel, and investment segments.
The firm's core proprietary technology is a Baltic real estate market intelligence database that underpins quarterly Baltic Market Figures and annual Baltic Market Outlook publications, complemented by thematic viewpoints such as the Baltic Senior Housing Viewpoint and Hotel Market commentary. Cumulative five-year operational metrics include €497M in advised investment volume, €5.5B in appraised property value, 350,000 sq m of managed space, and 310,000 sq m of leased space across the Baltics. The platform architecture is advisory-led rather than software-led; no public APIs, SDKs, or AI/ML capabilities are disclosed.
The business model is multi-stream professional services revenue: transaction-based fees on investment sales and leases (typically success-based), valuation and advisory fees (per mandate), recurring asset management fees on managed space, project-based design and construction fees, and data/research monetization through market insight publications and consulting. Go-to-market is enterprise field sales supported by content-led thought leadership (quarterly research, annual outlooks, country-level 'Doing business in' guides), an email newsletter, a LinkedIn presence, and direct contact CTAs to senior partners. Named enterprise clients include Vastint, VIG Asset Management, Galerija Centrs (BURZMA), Origo (POSTe Food Hall), S/C OZOLS, Riga Plaza, and RYO shopping centre, with a primary customer segment being institutional real estate investors and asset owners seeking cross-border Baltic advisory execution. The 2026 transition to an independent CPB brand signals a strategic pivot away from the CBRE global network toward a Baltic-only distinctive positioning.
CBRE Baltics firmographics
Firmographics- Name
- CBRE Baltics
- Legal name
- CPB Baltics
- Website
- https://cbre.lv
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CBRE Baltics, rebranding to CPB in 2026, is a Baltic-focused commercial real estate advisory firm offering valuation, investment brokerage, leasing, design and construction, asset management, and data and research services to enterprise real estate investors, owners, and developers across Estonia, Latvia, and Lithuania.
- Ownership category
- akta.pro rank
CBRE Baltics industry classification
Industry- Product category
- Commercial Real Estate Services
- NAICS
- Offices of Real Estate Agents and Brokers (53121), Activities Related to Real Estate (5313)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)
- akta.pro secondary industry
- Land & Development Site Brokerage (BPAJABAG)
Keywords
Where CBRE Baltics is headquartered
LocationHeadquarters
- HQ city
- Riga
- HQ country
- Latvia
- HQ region
- Europe
Offices3 records
Markets served
CBRE Baltics business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Valuation and Advisory fees: Fee-based valuation, appraisal and advisory engagements for property owners, investors and lenders across the Baltic region. Backed by €5.5B total appraised property value over the last 5 years.
- Investment Properties transaction fees: Brokerage and transaction advisory on commercial real estate investment sales and acquisitions across the Baltics, with €497M total investment volume advised over a 5-year period. Likely structured as success-based / transaction fees.
- Advisory and Transactions (tenant/landlord leasing) fees: Leasing advisory and tenant/landlord representation fees — supported by 310,000 sq m of space leased across the Baltics over a 5-year period.
- Asset Services / Property Management fees: Recurring asset services and property management mandates across 350,000 sq m of managed space in the Baltics over the last 5 years.
- Design and Construction project services: Project-based design and construction advisory and delivery services for commercial real estate clients in the Baltic region (e.g., Riga Plaza redevelopment, food hall BURZMA, POSTe Food Hall).
- Data and Research / Consulting subscriptions: Market research and consulting deliverables (Baltic Market Figures, Baltic Market Outlook, senior housing viewpoints) sold to real estate market participants; newsletter subscription also offered.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based engagement pricing for advisory mandates |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels6 records
CBRE Baltics product offering
Product offeringCore offering
CBRE Baltics (rebranding to CPB - Connecting Property & Business from 2026) is a Baltic-focused commercial real estate advisory firm offering six integrated service lines: Valuation and Advisory, Design and Construction, Investment Properties, Advisory and Transactions, Data and Research, and Asset Services. The firm serves real estate investors, owners, occupiers and developers across Estonia, Latvia and Lithuania, supported by a proprietary Baltic market research database and an online properties listings platform covering office, retail, industrial and residential assets.
Product overview
CBRE Baltics, now operating as CPB (Connecting Property & Business), delivers a unified commercial real estate advisory platform for the Baltic region rather than a single software product. Its offering is structured as a suite of six core service lines — Valuation and Advisory, Design and Construction, Investment Properties, Advisory and Transactions, Data and Research, and Asset Services — supported by two integrated modules: a searchable Properties Listings platform (covering Office, Retail, Industrial, and Residential spaces across Latvia, Lithuania, and Estonia) and a Market Insights research publication portfolio (covering Investment, Office, Industrial, Retail, Residential, Hotel, and Viewpoint reports). The Data and Research service underpins the Market Insights reports, while the Properties module and service lines together form the operational backbone of the firm's advisory delivery.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- €497 million total investment volume advised across the Baltics over 5 years
- +3 more outcomes
Companies that use CBRE Baltics
Customer profileNamed customers8 records
Segments7 records
Ideal customer profiles2 records
CBRE Baltics technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
CBRE Baltics partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights4 records
CBRE Baltics competitors and assessment
Company assessmentBroad incumbents
- Knight Frank: Global CRE consultancy with established Baltic presence across commercial agency, valuation and capital markets. Competes with CPB Baltics for institutional and cross-border investment mandates in the region.
- Colliers International: Global real estate services and investment management firm with Baltic operations. Directly comparable as a CRE advisor offering investment, valuation, leasing and project services across the same Baltic geographies CPB serves.
- CBRE Group: Global commercial real estate services giant and former affiliate of CBRE Baltics under the same brand. Directly comparable across valuation, investment, leasing and asset services, but operates at global scale with much broader geographic and service-line coverage than CPB Baltics.
- Cushman & Wakefield: Global CRE advisory with Baltic-region presence offering valuation, investment sales, leasing and research services. Comparable to CPB Baltics in service-line breadth and institutional client focus, though operating within a much larger global platform.
- JLL (Jones Lang LaSalle): Global CRE services firm with active Baltic operations offering capital markets, valuation, leasing and asset services. Competes head-to-head with CPB Baltics for institutional mandates across Estonia, Latvia and Lithuania while also serving global cross-border clients.
Others
- Baltic Horizon Fund: Listed Baltic real estate fund focused on commercial property in Estonia, Latvia and Lithuania. Comparable as a potential institutional client and a benchmark for Baltic CRE investment activity, rather than as a direct advisory competitor.
- East Capital Real Estate: Real estate investor and asset manager with Baltic exposure. Comparable as a potential institutional counterparty for CPB Baltics' investment advisory and valuation mandates rather than as a direct service-line competitor.
Regional players
- Bonava: Nordic-Baltic residential developer with active Baltic operations, particularly in Latvia and Lithuania. Comparable as a Baltic-region institutional real estate client/partner for CPB's residential development advisory and valuation services.
Direct peers
- Ober-Haus: Baltic-focused real estate services firm with operations across Estonia, Latvia and Lithuania offering brokerage, valuation and advisory. Closely comparable to CPB Baltics in regional depth and service-line mix, including commercial and residential segments.
- Newsec: Nordic-Baltic real estate advisor offering property management, valuation, transaction and advisory services across the Baltics and Nordics. Most directly comparable regional peer to CPB Baltics given overlapping geographies and integrated service stack including asset services.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
CBRE Baltics social profiles
Digital presenceCBRE Baltics financial estimates
Financial estimateRevenue estimate
Valuation estimate
CBRE Baltics leadership team
Management profileNumber of profiles
Profiles3 records
CBRE Baltics funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CBRE Baltics M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CBRE Baltics
What does CBRE Baltics do?
CBRE Baltics (rebranding to CPB - Connecting Property & Business from 2026) is a Baltic-focused commercial real estate advisory firm offering six integrated service lines: Valuation and Advisory, Design and Construction, Investment Properties, Advisory and Transactions, Data and Research, and Asset Services. The firm serves real estate investors, owners, occupiers and developers across Estonia, Latvia and Lithuania, supported by a proprietary Baltic market research database and an online properties listings platform covering office, retail, industrial and residential assets.
Is CBRE Baltics a public or private company?
CBRE Baltics is a private company. It is classified as unknown and is currently operating.
When was CBRE Baltics founded?
CBRE Baltics was founded in 2011. It employs 11 to 50 people.
Where is CBRE Baltics based?
CBRE Baltics is headquartered in Riga, Latvia, in the Europe region.
How does CBRE Baltics make money?
Six revenue lines are on record. Valuation and Advisory fees are the primary driver. The others are investment Properties transaction fees, advisory and Transactions (tenant/landlord leasing) fees, asset Services / Property Management fees, design and Construction project services and data and Research / Consulting subscriptions.
Who are CBRE Baltics's main competitors?
Broad incumbents on record are Knight Frank, Colliers International, CBRE Group, Cushman & Wakefield and JLL (Jones Lang LaSalle). Others are Baltic Horizon Fund and East Capital Real Estate. Bonava is listed as a regional player. Direct peers are Ober-Haus and Newsec.
Does CBRE Baltics have an API?
No public API is recorded for CBRE Baltics.
What industry is CBRE Baltics in?
CBRE Baltics's product category is Commercial Real Estate Services. Its primary akta.pro industry code is FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales), with a secondary code of BPAJABAG, Land & Development Site Brokerage. Its NAICS code is 53121 and its SIC code is 6531.