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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 […]
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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 […]
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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 […]
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Lithuanian startup Outcraft AI attracts EUR 2 million investment
We advised the Lithuanian-founded startup Outcraft AI, developing an agentic artificial intelligence (AI) platform that automates part of the sales function. The startup secured a EUR 2 million investment, which it plans to use for product development, expanding its customer base, and hiring new employees. The round was led by Lithuanian venture capital fund manager […]
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One of the largest recent foreign investments in Lithuania: Quaero Capital agrees to acquire a 49% stake in the Vilnius Combined Heat and Power Plant from Ignitis Group
We advised the infrastructure fund Quaero European Infrastructure Fund III, managed by Quaero Capital SA, on the acquisition of a 49% stake in the Vilnius Combined Heat and Power Plant from Ignitis Group. The Vilnius Combined Heat and Power Plant (CHP) – one of the most advanced facilities of its kind in Europe – is […]