BALVORA Group / About us
From a single property development project to a diversified property management and investment business.
01 / OUR STORY
BALVORA Group's story began in Liepāja in 2017, when SIA “O.A.G. Projekti” was founded. From the outset, the company believed that the value of real estate depends not only on its location or technical condition, but also on the ability to identify development potential and implement economically sound solutions.
A significant turning point came in 2018, when O.A.G. Projekti signed a long-term lease agreement with Liepāja University for the student accommodation building at Ganību iela 36/48 in Liepāja.
The building had a long history of student accommodation, but its infrastructure and rooms required gradual modernization. The company undertook not only day-to-day property management, but also development planning, room refurbishment and the creation of a more effective operating model.
As a result, Liepu Hostelis opened in spring 2019, combining accommodation for students with overnight stays for visitors to the city, tourists, company employees and organized groups.
The opening of Liepu Hostelis was one of the company's first significant development achievements and laid the foundation for its further activities in real estate and hospitality.
02 / OUR STORY
In the following years, O.A.G. Projekti steadily continued the modernization of Liepu Hostelis.
Guest rooms, shared areas, sanitary facilities and other parts of the building were refurbished in stages. At the same time, accommodation services, building operations and maintenance processes were improved.
This experience gave the company an in-depth understanding of the challenges of property management, from technical maintenance and infrastructure to cost optimization, occupancy planning and assessing returns on investment.
Liepu Hostelis became a practical example of a long-term development approach, in which property improvements are carried out gradually, balancing day-to-day operational needs with future investment.
The experience gained provided a foundation for expanding the company's activities into other real-estate segments.
Alongside accommodation, the company developed expertise in residential and commercial property management, project management and the operation of leisure facilities.
03 / OUR STORY
In 2026, the company entered a new stage of development.
SIA “O.A.G. Projekti” adopted the new name SIA “BALVORA Group”, retaining the experience accumulated over the years while broadening the company's strategic vision.
The name change marks a shift towards a more diverse business model that combines property management with the implementation of development projects, accommodation services and the assessment of investment opportunities.
The company's focus is on properties with long-term development potential, including commercial buildings, student accommodation, hostels, residential buildings and leisure complexes.
Particular attention is also paid to properties whose economic potential is not being fully realized. In such cases, BALVORA Group assesses management efficiency, potential long-term leasing, renovation, changes to the operating model or investment raising.
Our aim is to create solutions that benefit property owners, reflect the building's actual needs and are economically sustainable.
04 / OUR STORY
One of BALVORA Group's most important projects is Amber Hostelis, continuing the development of the former Liepu Hostelis.
It is located in the historic student accommodation building at Ganību iela 36/48 in Liepāja, which is currently owned by Riga Technical University.
The approximately 4,800 m² building contains 100 rooms with a total capacity of up to 330 beds.
Accommodation is intended for students, company employees, work teams, tourists and other groups of guests.
In 2026, the introduction of the Amber Hostelis identity marked a new phase in the property's development.
This includes continued room modernization, improvements to security and access control, infrastructure renewal and assessment of energy efficiency solutions.
According to information released publicly by the company, more than EUR 700,000 has already been invested in the property. By the end of 2027, the aim is to increase total investment to approximately EUR 2 million.
To support further development, the company has also joined a financing initiative in cooperation with the investment platform CrowdedHero.
In BALVORA Group's development strategy, Amber Hostelis is a long-term project combining practical property management experience, operational efficiency and targeted property modernization.
05 / OUR STORY
Alongside Amber Hostelis, BALVORA Group's project portfolio also includes accommodation and leisure properties in Aizpute: Hostelis R27 and the Aizpute Leisure Complex.
Hostelis R27 is located at Robežu iela 27 in Aizpute. With an area of approximately 1,200 m², the property complements BALVORA Group's accommodation portfolio and offers opportunities to develop spaces suited to different categories of guests and residents.
Several possible development directions are being assessed, including long-term residence, short-term accommodation and conversion of spaces for other purposes. The final model will depend on technical and economic assessment and potential cooperation with partners and investors.
The Aizpute sauna and leisure complex expands BALVORA Group's activities in hospitality and leisure. It offers sauna and relaxation facilities, a fireplace lounge, a guest hall for small private events and an outdoor courtyard.
The guest hall is suitable for events of approximately 20 people and, in certain formats, can accommodate up to 30 guests. The complex can host family celebrations, gatherings with friends, small business events and peaceful stays in Aizpute; exact service availability and event terms are confirmed when booking.
The project's development goal is to create an attractive, functional and sustainably managed leisure destination while strengthening Aizpute's tourism and local services.
These projects reflect the company's interest in various property use models, from long-term residence and short-term stays to tourism and leisure services.
BALVORA Group's activities include commercial property management and leasing, accommodation property management, modernization and assessment of investment projects.
We believe professional property management does not end with technical maintenance. It involves the ability to analyse costs, improve property use, plan necessary investment and build a stable foundation for its future value.
06 / OUR STORY
BALVORA Group's management brings together the experience of two professionals whose expertise spans real-estate development, construction, project management, law and business administration.
Co-owner and board member of BALVORA Group
Oskars Gertners is the driving force behind the company's early development, with more than twelve years of professional experience in construction, property management, project management and business development.
Co-owner and board member of BALVORA Group
Juris Brigmanis-Briģis holds a master's degree in law and has approximately 20 years of professional experience in legal affairs, property management, business administration and financial matters.
07 / OUR STORY
Oskars's experience in construction, project implementation and property development, combined with Juris's expertise in law, property management and business leadership, forms BALVORA Group's professional foundation.
This combination of expertise enables a comprehensive view of property development, from technical condition, maintenance costs and investment needs to legal arrangements, economic performance and long-term cooperation opportunities.
08 / OUR STORY
We believe a property's potential is not always apparent from its current condition.
A building that is underused today can become a sustainable and economically sound project through appropriate management, carefully planned investment and a clear development strategy.
BALVORA Group therefore focuses not only on managing properties, but also on assessing their opportunities and putting development plans into practice.
Our aim is to be a reliable partner for property owners, investors and businesses seeking professional solutions for property management, leasing and development.
BALVORA Group – long-term value.
Places to live. Room to grow.
BALVORA Group in the media
Read more about our work, company history and the development of Amber Hostelis in the media.
Newspaper Kurzemes Vārds: The article of 4 November 2026 is also available at liepajniekiem.lv.