We advised closed-end real estate investment fund Lords LB Baltic Fund III, managed by Lords LB Asset Management, on the sale of a shopping centre in Klaipėda

BFIII Klaipėda, the company which owns the shopping centre, has been acquired by Union RE Core Fund I for an undisclosed amount.

The shopping centre, which has a total area of 17,000 m², is fully leased. The main tenants are the retail chains Rimi, Topo Centras and Jysk.

This was the last object in the fund’s portfolio.

Our services and project team

Our team, consisting of partner Kęstutis Adamonis and senior associate Julija Kirkilienė,  advised the fund on all legal matters related to the transaction.