We assisted EIKA Development Fund, a closed-end investment fund for well-informed investors, in acquiring 100% of the shares in Visorių centras – a real estate development and leasing company.
The fund, which is managed by the investment management company Eika Asset Management, intends to develop apartment buildings on the acquired site on Visorių Street in Vilnius. It is expected to start the construction of 13 apartments in March 2022, following the receipt of construction permit, and to complete them in autumn 2026. The project will be developed in four stages.
Our services and project team
We advised the client on all legal and tax matters related to the transaction, including assistance with preparation of transaction documents, negotiations, and representation of the client in all matters related to the completion of the transaction.
Our team, led by counsel Simonas Skukauskas and partner Aušra Mudėnaitė, consisted of partner Saulė Dagilytė; and senior associates Julius Raškauskas and Gerda Skirbutienė; as well as associates Jurgita Tekorienė and Sandra Aleksandravičienė.