-
YIT Lietuva and EfTEN Capital agree on the development of the Piliamiestis quarter in Kaunas
We advised YIT Lietuva on its transaction with EfTEN Special Opportunities Fund, managed by EfTEN Capital, regarding the fund’s investment into a new phase of the residential project Piliamiestis in Kaunas. YIT Lietuva will act as the project developer and general contractor, while EfTEN Capital will provide financing and contribute to the project’s implementation. EfTEN […]
-
Inter IKEA Group acquire forest holding companies in Lithuania and Latvia
Sorainen advised IKEA Forestry Investment AB, an Inter IKEA Group company, on the acquisition of forest holding companies in Lithuania and Latvia. Our involvement Sorainen acted as the local legal advisor throughout the transaction. Our team Sorainen key team consisted of partners Jānis Līkops, Kęstutis Adamonis and Monika Mališauskaitė-Vaupšienė, as well as senior associates Rūta […]
-
Titanium Baltic sells Kesko Senukai DIY store in Vilnius
We advised Finnish investment fund Titanium Baltic Real Estate on the sale of a company owning a real estate asset leased to Kesko Senukai Lithuania for its DYI retail operations. The store is situated on V. Pociūno St., Vilnius, and benefits from a strong strategic location near the Western Bypass, with Vilnius Outlet nearby, both […]
-
W. P. Carey fund’s company wins dispute with Kesko Senukai Lithuania in the Supreme Court of Lithuania
The Supreme Court of Lithuania issued a final favorable procedural decision for our client, a company in Lithuania owned by the U.S. W. P. Carey investment fund, in a legal dispute against Kesko Senukai Lithuania regarding failure to pay rent for a logistics center owned by our client and rented to Kesko Senukai Lithuania. The court acknowledged that refusal of Kesko Senukai Lithuania to pay our client EUR 1.2 million in indexed rent due to […]
-
Shift4 Payments leases all premises in the new connection of the EIKA Business centre
We advised the US payment processing company Shift4 Payments Lithuania on signing a lease agreement for an additional 1,400 m² in a new connection premises of the EIKA Business Centre, managed by Eika Development. Shift4 Payments will expand its presence by occupying over 5,000 m² of the EIKA Business Centre. With a total area exceeding […]