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RIX Riga Airport launches the next stage of its passenger terminal expansion project
We advised RIX Riga Airport on the new passenger terminal expansion project, which included assistance in preparing the contracts for construction and engineering services, including negotiations with the contractor, as well as with the financing arrangements, including negotiations with the European Bank for Reconstruction and Development, Nordic Investment Bank and OP Corporate Bank. About the […]
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Linstow commences SPORTA 2 development
Leading real estate developer Linstow Baltic has signed a construction contract with one of Latvia’s largest construction companies, UPB Nams, officially marking the beginning of one of the most ambitious and anticipated mixed-use urban development projects in the Baltics – development of Sporta 2 quarter. The planned investment into the first phase development will reach 50 million euros and will […]
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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, […]
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Bitė Group sells its tower portfolio to Stonepeak for EUR 480 million, making it Top 3 Baltic deal of the year
We advised Bitė Group, the leading telecommunications and media group in the Baltics, on the sale of its communications towers company TeleTower to global private equity firm Stonepeak. The transaction will create the first fully independent tower company in the region and represents the beginning of a strategic partnership dedicated to investing in the Baltic […]
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Taaleri Energia and Lords LB Asset Management to develop large-scale wind farm in Latvia
Sorainen is advising SIA WPR2, a joint venture owned by funds managed by Taaleri Energia and Lords LB Asset Management, on the development of a major wind energy project in Smiltene, north-eastern Latvia. About the project The wind farm will feature 16 high-capacity wind turbines, each with a nominal capacity of 7 MW, resulting in […]