HAGBERG Secures €20 Million to Drive Company Growth
14.10.2025.
Latvian real estate development, construction, and property management company HAGBERG has secured €20 million in financing from Swedbank, continuing its long-standing partnership with one of the leading financial institutions in the Baltics. This is the largest financing deal in the company’s history, enabling the implementation of several strategic development projects and marking the next step in HAGBERG’s growth — expansion into export markets, opening a completely new chapter in the company’s evolution.
The financing will support a range of real estate development projects, including the continued construction of the energy-efficient “Dzilnupes” residential village in Dzilnuciems, the establishment of a new rental housing community “Ozolkalni” in Mārupe, and a development project in Liepāja. In parallel, HAGBERG will invest in technology and export market development, strengthening its strategic direction and creating opportunities to bring Latvian expertise and solutions to international clients.
“This €20 million financing is a strong endorsement of HAGBERG’s stability and professional capacity. The high level of interest from financial institutions in supporting HAGBERG is a significant recognition that our vision for sustainable services and real estate development is both credible and viable,” said Ivars Lukaševičs, owner of HAGBERG.
“The next three years will be very dynamic. Alongside investments in technology and real estate projects, we will begin exporting HAGBERG’s services in cooperation with our partners. This is an important milestone in our company’s development — we see that our expertise and service quality are competitive internationally.”
“Swedbank has been a financial partner to HAGBERG for several years, supporting its growth, sustainability goals, and strategic ambitions. It’s rewarding to work with forward-looking companies, providing them with a comprehensive range of services to ensure convenience, stability, and effective financial management.
This financing confirms our confidence in HAGBERG’s sustainable business model and professional team, which continues to deliver new ideas and innovations year after year,”
said Jānis Zaļums, Head of Swedbank’s Small and Medium Enterprise Division.
