What HAGBERG does

HAGBERG is a Latvian full-service real estate group operating across the property lifecycle, from development and construction through to long-term management and maintenance. Founded in 2009 and headquartered in Mārupe, the company employs over 1,100 people and serves more than 1,000 customers across Latvia, with a portfolio spanning residential housing cooperatives, commercial enterprises, and municipal and state-owned clients. Revenue is generated through three integrated business lines: recurring property management and maintenance fees (residential and commercial), construction and renovation services delivered through HAGBERG Construction, and real estate development of rental and for-sale residential projects (Dzilnupes, Ozolkalni, Brīzes, Co-Living Lāčplēša 106).

The company operates a vertically integrated technology stack that includes the proprietary pIGIS GIS-based field management tool, the My HAGBERG tenant-facing mobile application, drone-based facade cleaning and building inspection capabilities delivered through partnerships with KTV Working Drone and Air Technologies, and on-site energy infrastructure (366 solar panels, 152 kW capacity). HAGBERG holds ISO 9001, 14001, 45001, and 50001 certifications and is recognized as a procurement-grade contractor for public-sector projects including a 27.4 km Latvia–Russia border fence for VNĪ.

The go-to-market is direct and field-led, combining a centralized client service center, dedicated business development for enterprise and municipal accounts, and project-specific sales teams for new developments. Distribution is concentrated in Latvia, with a recent push into Baltic and Spanish markets through HAGBERG Technologies for drone-based services. Capital structure is anchored by EUR 20M in Swedbank debt financing (October 2025) and EUR 15.2M in ALTUM affordable-housing financing (December 2025), supporting an active development pipeline in Riga, Liepāja, and Mārupe.

Name

HAGBERG

Legal name

Sabiedrība ar ierobežotu atbildību "HAGBERG"

Website

https://hagberg.lv

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

HAGBERG is a Latvian full-service real estate group offering property development, construction, and management services to residential, commercial, and municipal clients across Latvia, employing over 1,100 people and serving more than 1,000 customers.

Ownership category

akta.pro rank

Product category

Real Estate Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Nonresidential Property Managers (531312)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

HOA / Condominium Association Management (BPAJAFAH)

akta.pro secondary industries

Homeowners Association (HOA) Management (BPAJAHAB), Master-Planned Community & POA Management (BPAJAHAD), Association Maintenance, Vendor & Capital Project Management (BPAJAHAM), Mixed-Use Community Association Management (BPAJAHAF), HOA/Community Rules Management & Neighbor Relations (THAMAKAN)

Keywords

• Property management services
• Residential building management
• Real estate development
• Construction services
• Engineering maintenance

Headquarters

HQ city

Marupe

HQ country

Latvia

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Property Management and Maintenance Services: Full-service property management including residential building administration, commercial property management, cleaning services, landscaping, and engineering maintenance. Revenue generated through recurring management fees and service contracts with property owners, housing cooperatives, and commercial clients.
2. Construction and Renovation Services: Building construction, renovation, and energy efficiency improvement services delivered through HAGBERG Construction subsidiary. Includes multi-dwelling building renovations, facade restoration, new residential development, and municipal infrastructure projects.
3. Real Estate Development: Development and sale of residential properties (e.g., 'Brīzes' project in Liepāja with 58 apartments for purchase) and long-term rental housing complexes ('Dzilnupes', 'Ozolkalni', co-living projects). Revenue from property sales and rental income.
4. Government and Municipal Contracts: Contracts with Latvian municipalities (Riga, Tukums, Liepāja, Mārupe) and government institutions for property management, city maintenance, and infrastructure projects. Includes ALTUM-backed affordable rental housing development projects.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

HAGBERG is a Latvian full-service real estate company that manages residential and commercial properties, develops and builds rental and for-sale housing projects, and delivers engineering maintenance, landscaping, and energy efficiency services. The group operates across four subsidiaries — HAGBERG Construction, HAGBERG Technologies, HAGBERG Development, and Labi nami — and serves housing cooperatives, municipalities, commercial enterprises, and government institutions in Latvia.

Product overview

HAGBERG is a full-service real estate company operating in Latvia with three core business units: property development (Attīstām), construction (Būvējam through HAGBERG Construction), and property management (Apsaimniekojam). The company offers a comprehensive portfolio including residential rental villages (Dzilnupes, Ozolkalni), apartment projects for purchase (Brīzes), co-living spaces (Lāčplēša iela 106), and specialized services like drone-based facade cleaning and energy efficiency solutions. HAGBERG Technologies division focuses on integrating technology solutions including drone inspection and cleaning services. The company serves over 1000 clients across Latvia with approximately 1100+ employees.

Differentiator

Problem solved

Functional benefit

Brands

• HAGBERG Construction: Construction services subsidiary specializing in renovation, building and facade restoration including historical building restoration.
• HAGBERG Technologies
• Labi nami

Products and services

• Property Management (Apsaimniekošana) Full management of residential apartment buildings and commercial properties for housing cooperatives, building owners, commercial enterprises, and government institutions in Latvia. Covers utilities accounting, maintenance, cleaning, and resident communication via the My HAGBERG app.
• Construction (Būvēšana) General construction, renovation, and civil works delivered through HAGBERG Construction for commercial clients, government (including VNĪ and municipalities), and HAGBERG's own development projects such as the FS Metta training base.
• Real Estate Development (Attīstīšana) Development of rental and for-sale residential projects through HAGBERG Development, including named projects Brīzes, Co-Living Lāčplēša iela 106, Dzilnupes, Ozolkalni, and Liepāja Debess iela (ALTUM).
• HAGBERG Technologies Technology services built around the proprietary pIGIS GIS-based field management system, drone-based window and facade washing and inspection, and other tech-enabled building services, with active expansion in the Baltic states and Spain.
• Engineering Maintenance Service (Inženiertehniskais serviss) Engineering and technical maintenance of building systems for managed residential and commercial properties, coordinated through the central Operational Management Center.
• Landscaping (Apzaļumošana) Landscaping, greening, and territory maintenance services for residential and commercial properties under the Space and Territory Maintenance Department.
• Drone Window and Facade Washing Drone-based exterior cleaning and inspection of windows and facades for high-rise commercial and residential buildings, delivered as part of the HAGBERG Technologies offering.
• Energy Efficiency and Solar Services Energy audits, efficiency upgrades, and solar PV installation services for managed buildings, supporting the company's ISO 50001 energy management certification.
• Brīzes Apartments (brizes.lv) For-sale apartment development by HAGBERG Development marketed to individual buyers through the brizes.lv project website.
• Co-Living Lāčplēša iela 106 Rental co-living project developed by HAGBERG Development, providing managed rental apartments to individual tenants in Riga.
• Dzilnupes Rental Project HAGBERG Development rental housing project marketed to individual tenants through the dzilnupes.lv project website.
• Ozolkalni Rental Project HAGBERG Development rental housing project marketed to individual tenants through the ozolkalni.lv project website.
• Liepāja Debess iela (ALTUM) Rental Project Rental housing project in Liepāja developed by HAGBERG Development in cooperation with ALTUM, providing managed rental apartments.
• FS Metta Training Base Construction and delivery of a sports training base for FS Metta, executed by HAGBERG Construction.

Quantifiable outcome

• Energy consumption reduction of up to 50% through energy-efficient renovations
• +4 more outcomes

Named customers19 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• KTV Working DronecoreTechnology or Integration · 1 April 2026Strategic partnership with Scandinavian company KTV Working Drone for drone-based facade and window cleaning solutions in Latvia. KTV Working Drone operates in 68 countries and developed its technology based on over 30 years of facade and window cleaning experience from KTV Group. The partnership provides access to specialized equipment, software, and expert knowledge for drone cleaning and building inspections.
• Air TechnologiescoreTechnology or Integration · 1 February 2026Partnership with Air Technologies for drone solutions integration into professional property management across the Baltic region and Spain. Air Technologies specializes in agricultural drone solutions (agrodrones) and brings expertise for scaling drone applications in property management. HAGBERG Technologies is established as a competency center for technology integration within HAGBERG's structure.
• Liepājas valstspilsētas pašvaldībacoreStrategic or Co-development Partner · 1 December 2025Partnership with Liepāja municipality for affordable rental housing development (140 apartments at Debess iela 2 & 3) and additional 60-apartment market-rate rental project (Debess iela 1). The municipality manages tenant allocation and prioritizes target groups per government regulations. HAGBERG also acquired 'Labi nami' property management company in Liepāja.
• Guntis Ziņģis / GoodPatternminorStrategic or Co-development Partner · 1 July 2025Architect Guntis Ziņģis of GoodPattern serves as the architect for HAGBERG's residential developments including Dzilnupes, Ozolkalni, and Brīzes projects. GoodPattern designed the Training Centre and administrative building.
• FS MettacoreStrategic or Co-development Partner · 1 April 2024Five-year cooperation memorandum with FS Metta football club. HAGBERG serves as the main builder for FS Metta's new training base (EUR 3.5 million project), while both organizations create a platform for young footballers to develop professional skills and workforce readiness. HAGBERG offers paid internship opportunities for young athletes. Latvia Football Federation supports the project through its inflatable hall program.
• Latvijas Futbola federācija (LFF)minorStrategic or Co-development Partner · 1 April 2024LFF provides support for FS Metta training base construction through its inflatable hall program, contributing the hall membrane installation for the new sports facility.
• Rīgas valstspilsētas pašvaldībacoreStrategic or Co-development Partner · 1 January 2024Partnership with Riga municipality for urban improvement projects. HAGBERG received 50% co-financing from Riga for two landscaping projects at Kantora iela 87 and Ģertrūdes iela 62, totaling approximately EUR 18,400. Projects included playground installation, waste facilities, benches, and bicycle racks using FSC-certified materials.
• Lursoft / IT Kompetences centrsminorStrategic or Co-development Partner · 1 October 2023HAGBERG participates as a research partner in the IT Competence Centre project 'Multi-contextual Data Analytics Solutions for Property Management' led by Lursoft. The project develops data analytics models and prototypes for the property management sector, funded under the EU Recovery Fund's innovation cluster support program.
• Tukuma novada pašvaldībaminorStrategic or Co-development Partner · 1 March 2023Since March 2023, HAGBERG provides city maintenance and landscaping services for Tukums city, with a team of 13 workers handling street cleaning, lawn mowing, green area irrigation, playground cleaning, bus stop washing, monument care, and active recreation area maintenance.

Scale indicators15 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Bonava Latvija: Swedish-headquartered residential developer active in Latvia. Comparable as a multi-unit residential project developer in the same Latvian market — note Bonava is also an existing HAGBERG property management client.
• Rīgas namu pārvaldnieks: Largest residential property manager in Latvia, primarily serving Riga apartment buildings. Closest direct competitor to HAGBERG's residential building administration business with comparable HOA/cooperative customer base.
• Domina (Latvia / Baltics): Baltic facility management and technical building services provider. Comparable as a commercial and residential property management peer operating across the Baltic region.
• Merks (Latvian operations): Latvian residential real estate developer that also engages in property management. Comparable as a developer-manager hybrid targeting residential apartment buyers and renters in Latvia.

Others

• Lursoft: Latvian data and analytics provider. Comparable as a research/data partner (HAGBERG is a project partner in Lursoft's IT Competence Center program) and adjacent property data ecosystem participant.
• ALTUM (Attīstības finanšu institūcija): Latvian state development finance institution. Comparable as HAGBERG's primary project financing partner for affordable rental housing — represents a key funding and policy counterpart rather than a direct competitor.

Emerging players

• Air Technologies: Drone solutions provider focused on agricultural and infrastructure applications in the Baltics. Comparable as a drone technology partner enabling HAGBERG's drone services business; expanding into property inspection/cleaning.

Regional players

• CityService: Lithuanian-headquartered property and facility management group. Comparable as a Baltic residential and commercial property manager; primarily competes in Lithuania rather than Latvia.

Broad incumbents

• Civinity: Baltic-wide facility management and property services group operating across Lithuania, Latvia, and Estonia. Comparable full-service property management with broader geographic reach than HAGBERG.
• YIT Latvija: Finnish construction and real estate group operating in Latvia. Comparable as a construction and developer peer; also an existing HAGBERG property management client.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hagberg.lv
• LinkedInlinkedin.com/company/hagberg

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HAGBERG