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Dutch company Pon.Bike to open bicycle factory in Kėdainiai
We are advising the world’s leading bicycle company, Pon.Bike, on the construction and opening of a new factory in Kėdainiai, Lithuania. The new factory will be able to scale up to an annual production capacity of 600,000 bikes and will be equipped to produce bikes for brands such as Gazelle, Kalkhoff, FOCUS and Urban Arrow. […]
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TC Investicija sells commercial building in Kaunas
We advised TC Investicija on the sale of a building in Kaunas where the Topo centras store is located and its administration is based. The building was purchased by Integrated Stars for an undisclosed amount; the acquisition was financed by Citadele Bank. The four-storey building together with adjacent buildings occupies an area of 4 600 […]
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Eastnine acquires three business centres in Vilnius
Sorainen assisted Swedish investment company Eastnine in acquiring three S7 business centres in Vilnius. Transaction value – EUR 128.3 million. This is the biggest acquisition in the office buildings category in the history of the Baltic states. Acquisition of the first business centre was completed in February 2019. Acquisition of the second and third business […]
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Marketing Investment Group acquires stores in Lithuania and Latvia
Sorainen advised Marketing Investment Group (MIG) on acquiring more than 10 stores in Lithuania and Latvia from retail company Bogvila. MIG, a Polish retailer operating in the footwear and clothing market for over 25 years, has developed such well-known retail chains as Sizeer, 50 Style, Symbiosis and UP8. MIG currently provides consumers with products from […]
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Finnish fund invests in Vilnius residential project development by YIT Kausta
Sorainen advised Finnish fund YCE Housing I, managed by Vicus Capital Advisors Limited, on investment in Stage I of the ‘Raitininkų sodai’ residential construction project in Vilnius. The project, developed by Lithuanian construction company YIT Kausta, involves construction of a complex of 210 modern apartments in a strategically attractive area in Vilnius close to the […]