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YIT Lietuva sells Sky Office business centre
We advised YIT Lietuva on the sale of Sky Office, a business centre in Vilnius. The building was acquired by the investment and asset management group Evernord, which established its 10th fund, Evernord Real Estate Fund VII. YIT Lietuva became a strategic partner of the fund and is investing alongside Evernord investors. Sky Office is […]
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IKI leases premises for a new store at RYO shopping centre in Panevėžys
We advised IKI Lietuva on the lease agreement for the opening of a new IKI store at the RYO shopping centre in Panevėžys. The project forms part of IKI’s active expansion strategy in Lithuania and will strengthen the company’s presence in the region. The new IKI store will open at the RYO shopping centre in […]
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Sorainen has compiled a practical guide for landowners to help them understand special national planning schemes
We have prepared a guide commissioned by the Ministry of Economic Affairs and Communications to assist landowners who may encounter contractual and other legal relationships during the preparation and implementation of the planning process. Although the guide focuses primarily on national planning schemes, the principles discussed are also relevant to local government planning. The guide explains landowners’ rights and obligations throughout the planning process […]
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Heidelberg Materials Lietuva Betonas and ESSPO group restructure their cooperation in the concrete production segment
We advised Heidelberg Materials Lietuva Betonas on two strategic transactions with the ESSPO group, aimed at separating their activities in the mobile and stationary concrete plant segments. First, Heidelberg Materials Lietuva Betonas sold its 45% shareholding in Heidelberg Mobile to the ESSPO group, thereby exiting the joint venture between the parties. Second, Heidelberg Materials Lietuva […]
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W. P. Carey-managed company acquires Baltic retail property portfolio for EUR 177.5 million
We advised a company managed by the US investment fund W. P. Carey on the acquisition of a Baltic retail real estate portfolio worth EUR 177.5 million. The fund acquired it from UAB Baltic Retail Properties, a closed-end investment company for informed investors, managed by UAB Žabolis ir partneriai kapitalo valdymas. The transaction involved one […]