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A Belarusian Woman Has Shaken Up The Latvian Real Estate Market

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A Belarusian Woman Has Shaken Up The Latvian Real Estate Market
Photo: LETA

A record-breaking deal worth 6.8 million euros.

Maria Gvardeytseva, the ex-wife of prominent Belarusian IT entrepreneur Sergei Gvardeytsev, sold a villa in Jurmala for 6.8 million euros.

According to the publication Otkrito, this historic villa, designed by the renowned architect Eizen Laube, is located on 19th Line in the Lielupe district. The buyer is Alexander Schneider.

The property includes a 7,075-square-meter lot and a three-story mansion with a total area of 1,220.9 square meters. According to a listing posted on the City24.lv portal, the house has ten rooms, including eight bedrooms. The villa is located on the beachfront, approximately 40–50 meters from the sea. It was built in 1928 based on a design by architect Eizen Laube as a summer residence for public figure Jānis Davis.

Who else has owned this historic building

In 2005, the building was renovated and expanded. The project was designed by architects Uģis Zābers and Evija Vizule. The interior design project had already been developed back in 2003.

In the 1990s, the villa belonged to the former chairman of the board of Latvijas gāze Adrian Davis and Olgerts Vīsvaldis Davis, according to the Land Register.

Later, Ilya Segal, a former shareholder of the Liepājas metalurgs metallurgical company, became the owner. In 2013, he gifted the property to his son Eduard Segal, who subsequently sold it to Maria Gvardeytseva.

In November 2018, Gvardeytseva purchased the villa along with the land for 6.35 million euros. At the time, the transaction was one of the most expensive on the Jūrmala real estate market. According to information published at the time, she did not need a mortgage to make the purchase.

Photo: LETA

Maria Gvardeytseva, as reported by “Belarusians and the Market”, was born in 1982 in Belarus and is known as an entrepreneur in the communications sector. She headed the communications agency PRCI. Storytellers and was a co-founder of the Association of Communications Consulting Companies. She was also married to Sergei Gvardeitsev, the owner of Itransition and A1QA. In the late 2010s, the couple divorced, and the process involved legal proceedings.

What does Sergey Gvardeitsev do?

In the early 2020s, Sergey Gvardeitsev sold a controlling stake in his businesses to Vadim Uzberg, the former founder of Baring Vostok Capital. The businessman is now investing in the potato industry in Russia and Belarus: he owns the companies “Maxim Gorky Plus” and the Klimovskaya Potato Company in the Tula and Bryansk regions, as well as “Agrocenter Sula” and “Sula Plus” in the Minsk region.

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