Sorainen advised investment fund Orion RE Income Fund I, managed by real estate development company Orion Asset Management, on acquiring the B66 business centre located in Kaunas from real estate development company YIT Kausta bûstas. This is the fund’s first real estate investment in Kaunas.
The B class business centre will accommodate up to 450 employees. According to Andrius Baranauskas, owner of Orion RE Income Fund I, the decision to invest was based on the attractive location of the business centre, well-known companies already settled in there, and overall project quality.
Sorainen advised the client on all legal matters related to the transaction, performed legal due diligence, prepared acquisition documents, assisted the client in negotiating a bank loan and represented the client in negotiations throughout the transaction.