-
Financing agreements signed for the Rūdninkai military base project
We advised the European Investment Bank (EIB), SEB bank and Swedbank, which jointly provided EUR 369 million in loans to Merko Statyba, the developer of the second phase of the Rūdninkai military base. The financing covers two parts of the project: for one part, the EIB and SEB each provided EUR 86 million (EUR 172 million in total); for the other, the EIB […]
-
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 […]
-
Acquisition of a logistics and office complex in Riga
We advised a client working in the real estate sector on a transaction involving the purchase of a company owning logistics and office building located in Riga with an area of nearly 29,000 m2 and a land with an area of 6.3 ha. The seller of the company was VGP Group – a pan-European developer, manager, […]
-
Court confirms that nature conservation restrictions require a factual basis
We successfully represented a client in a legal dispute against the Estonian state concerning the imposition of strict nature conservation restrictions on private land without a proper legal basis. Establishment of protective zone based on outdated data revoked The Estonian state established a 35.79-hectare conservation zone in Saaremaa to protect the Eurasian goshawk. As a […]
-
We stopped the unconstitutional increase in fine levels
We advised a client on a proposed amendment to the Forest Act that would have increased statutory fines by more than a hundredfold. We analysed the constitutionality of the draft legislation and submitted recommendations to bring it into line with the Constitution. As a result of our work, the unconstitutional increase in fine levels was […]