Sorainen advised NEPI Rockcastle on its acquisition of 100% of the shares in Ozantis, which owns the Ozas shopping and entertainment centre in Vilnius, from a company in the Hamburg-based ECE group. With an aggregate purchase price of EUR 124.6 million, this is one of the largest single property real estate investments in the Baltic region to date.

Ozas, with a gross leasable area of over 60,000m2, opened in 2009 and benefits from a simple and effective layout. Its wide retail offering includes numerous international tenants such as Adidas, Bershka, H&M, LPP brands, New Yorker, Peek & Cloppenburg, Tommy Hilfiger, Zara and others.

The acquisition of Ozas marks NEPI Rockcastle’s entry point into the Baltic region.

Sorainen advised the client at all stages of the transaction, from legal due diligence of the target to closing the deal.

The Sorainen team was led by partner Kæstutis Adamonis, with associate Karolis Kunigëlis and senior associate Evaldas Dūdonis.