We advised EIKA Group on the acquisition of the shares in a company that owns a building complex located at Visorių St. 20 in Vilnius. The site is intended for the development of a residential project meeting A++ energy efficiency standards. The project will be implemented in several stages, with more than 500 apartments planned in total.
According to Tomas Žiaugra, Head of the Development Department at EIKA Development, the Visoriai district has seen a growing demand for new housing in recent years: 76 apartments were sold there in 2023, and sales in 2024 increased by as much as 70%. EIKA Group is currently also developing another residential project in the area – “Metų laikai” – where 600 apartments are to be built across four stages. We also advised EIKA Group on the acquisition of the land for that project a few years ago, marking a long-standing and trusted mutual partnership.
In this latest transaction, we rendered “EIKA Group” with full-scale legal services – conducting a development feasibility analysis, performing legal due diligence of the target company, structuring the transaction, drafting the share purchase agreement and related documentation, preparing security instruments, and representing the client throughout the closing process.
With the largest Real Estate and Construction law team in Lithuania, we ensured that the development analysis, legal due diligence, and contract signing were completed within a few days, and the deal was successfully closed in just a few weeks.
Our services and team
Sorainen team was led by partner Simonas Skukauskas and included senior associates Daiva Čekanavičienė and Julius Raškauskas, as well as associates Dominykas Kulakas, Goda Jakubauskaitė, and Airida Buzaitė.
