Linstow operates in the following segments:
Involvement in urban development projects is central to Linstow’s strategy. The company has earned recognition as an important player in urban development in both Oslo and Riga. As a leading property developer in the Baltic region, Linstow has completed construction and remodeling projects in the Old City which have presented challenges related to the conservation of cultural, architectural and environmental traditions / qualities.
Linstow's portfolio in Oslo has consisted of central and representative properties, which obliges property development in a challenging but optimal way, in terms of urban planning and technical-functional and aesthetic aspects.
Bjørvika, which is the largest urban development project ever, will be an expression of modern urban culture and state-of-the-art building and construction with focus on environmentally friendly solutions. The Bjørvika project represents, through our involvement in OSU, one of Linstow's largest and most challenging engagements so far. The project represents a unique opportunity to generate values for the city, as well as for owners of OSU, including Linstow.
Linstow is a leading developer and operator of shopping centers in the Baltics with more than 20 years’ experience, primarily in Riga. Centers developed by Linstow are Origo and Galerija Centre in Riga, Ülemiste in Tallinn and Alfa, Mols and Dole in Riga which were sold in 2006 but is still managed by Linstow .
All the centers are operated by Linstow’s subsidiary Linstow Center Management, headquartered in Riga. The subsidiary manages and operates a total of approx. 200.000 square meters.
Galerija Centres in Riga won the, "Design and Development Awards" in 2009 awarded by The International Council of Shopping Centers Inc. (ICSC). The Centre had at the time undergone major reconstruction and expansion.
Linstow has expanded Ülemiste Shopping Centre in Tallinn with 27,000 sqm in addition to a 15,000 sqm multi-storey car park, total sqm is now 100.000. It is the first BREAM sertified shopping centre i the Baltics.
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The majority of projects for Linstow AS in Norway have been the creation of office buildings in the larger Oslo-area and in the city centre.
- Ibsen quarter, an office building of 33,000 square meters, built in 1996, was awarded several awards:Sundts Prize (1996), The State architectural prize(1997) and Anton C. Houens Fonds diploma (2000).
- Smestaddammen, three buildings totaling 28,000 sqm with a landscaped park and a small lake on the west side of Oslo.
- Stortingsgaten 6, reconstruction of the old Flag factory and a new building located in the heart of Oslo totaling 6,200 sqm, headquarters for Danske Bank.
Linstow was responsible for construction of the first building in Bjørvika, Oslo Atrium of 30,000 sqm which is headquarters for Ernst & Young and Avinor.
Linstow owns 1/3 of Oslo Utvikling AS responsible for the development of OperaKvarteret in Bjørvika, where it will be built offices generating a number of 10,000 jobs.
Location, efficiency, flexibility, environmental issues are all key words for a tenant choosing new premises. For Linstow AS it is vital to build these factors into the building-project.
Environmental issues are crucial in today’s world both in respect to choice of materials and handling of the building process. Energy consumption and waste disposal are issues that matter both to the environment and the tenants.
Linstow started its activities within the Baltic hotel industry in 1997, when the former Intourist hotels, Hotel Latvija in Riga and Hotel Lietuva in Vilnius were acquired. In 2000, Reval Hotelli Group was acquired, including Hotel Olympia in Tallinn. The business gradually expanded with new hotels. Linstow currently owns nine hotels in the three Baltic capitals and in Kaunas and Klaipeda in Lithuania. In October 2009 a new hotel in St. Petersburg was opened.
In 2010 Linstow signed a long term management agreement with Rezidor Hotel Group regarding the operations of the company's 10 hotels, totaling 2,367 rooms in Latvia, Estonia, Lithuania and Russia. The hotels were rebranded to Radisson Blu and Park Inn by Radisson.
Linstow focuses on developing attractive mid-range hotels. Until the management agreement with Rezidor was signed in 2010, all the hotels were run by Linstows own subsidiary; Reval, which at the time was the leading hotel chain in the Baltic Sea region.
Linstow has extensive development experience from residential projects in Norway. In 2008 Linstow completed the Quadraturen residential project in central Oslo. This project involved a full conversion of the old spectacular main post office in Oslo, from a large and inefficient office to 211 exciting and urban apartments. In addition, shops, restaurants and offices were established on the lower floors. The project is considered as an important start to the revitalization of Kvadraturen as a residential area in Oslo, and the project was nominated for the City Award in 2009. Oslo municipality has highlighted the project as a good example of a residential conversion project with good architectural, utilitarian and aesthetic qualities. Linstow completed the housing project; Jægers Brygge in Breiviken north of Bergen in 2002. The project consisted of 74 apartments in 4 buildings. The apartments were built with high standards, each one with its own dock and garage. Jaeger Brygge was awarded Bergen Architectural Prize in 2002. Through Linstow’s ownership in OSU (Oslo S. Development AS), Linstow is a key player in the development of the residential portion of OperaKvarteret in Oslo. In total, 380 apartments will be developed. OperaKvarteret will provide an exciting and innovative design in line with the “Barcode” concept.
- The first 53 apartments were completed in May 2010.
- Stage 2, which consists of 76 apartments, was completed in February 2013.
- Stage 3, consisting of 41 apartments was completed at the end of 2013, while step 4 with 84 apartments was completed at the end of 2014.
- Step 5 is due for completion in late 2015 with 60 apartments.
- In total, OperaKvarteret will consist of six stages.
- The final construction phase will be completed in 2017 and will consist of 130 apartments of varying size.
All apartments will have a private balcony with views to Holmenkollen, the Royal Palace or overlooking the seaside.
For further information, please visit: www.operakvarteret.no
Dunas Douradas, a leisure and real estate project in the central Algarve region of Portugal, lying between the luxurious resorts of Quinta do Lago and Vale do Lobo, only 15 minute drive from Faro International Airport in a privileged position in the Algarve`s Golden Triangle.
The property consists of one of the Algarve`s most prestigious beachfront residential holiday resorts.
The Dunas Douradas Beach Club complex comprises a range of residences from medium-sized apartments to luxury villas. Other facilities at the complex are indoor and outdoor pool, gymnasium, bar and snack area, high class restaurant, tennis court, childrens`play area and golf facilities nearby.
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Currently, Linstow AS owns three public parking garages in downtown Oslo, and one parking garage in Lillestrøm comprising a total of 1.452 parking spaces. Galleriet Vest Parkering, Galleriet Øst Parkering and Grønland Torg Parkering are all three leased to Europark AS while Romerike Helsebygg P-house is leased to Q-Park. Outside of Norway Linstow AS owns the parking garage Jacobs Arcade in Riga.
Linstow AS has 50% ownership in Baltic Park AS, a company jointly owned by Indigo Invest AS and Linstow AS. Baltic Park AS operates parking facilities in the Baltics. Baltic Park AS is the largest private parking operator in Riga and in Tallinn.
Property under economic and technical management by Linstow AS amounts to appox. 82.000 sq. meters. Linstow AS has long experience in property management within all sectors of commercial property; offices, shopping, logistics, hotels and parking.
Economic management is focused on tenants, cost efficiency and maximizing returns for the owner. Modern buildings are highly technical and require high competence and effective maintenance. Internal Control, Health and Environment and Safety are highly prioritized. Energy costs are steadily rising and focus on energy consumption is high. Much of the increase in energy prices have been compensated by reduction in consumption owing to efficient energy handling.
Our department for technical management prepares maintenance plans and proposals for measures to preserve the value of the properties. We manage and implement alterations and maintenance projects according to client's request.
We also handle leasing of vacant space, and renewal of existing leases for the clients.
Management of Linstows properties in the Baltics are handled by Linstow Center Management and Rezidor Hotel Group.