A group company of Linstow, one of the leading long-term real estate project developers in various fields in the Baltics, has acquired the prestigious Sporta 2 quarter, a 3 ha property located in the very centre of Riga.
The company intends to develop the property as a mixed-use urban development project in the coming years.
Deal value: EUR 10,500,000 plus VAT.
More about this landmark acquisition here.
Our team and assistance
We were honoured and delighted to assist Linstow in the project by providing assistance in establishing the company which acquired the real estate, as well as by performing due diligence on the property, drafting the transaction documents and representing the client in negotiations with the seller and the bank involved.
Our team consisted of legal assistant Kate Berlaua and senior associate Zanda Frišfelde, who advised the client on corporate matters; and senior associates Jorens Jaunozols and Andris Vilisons, and partner Lelde Laviņa, who advised the client on due diligence and transactional matters.