The Outlook for Baltic Real Estate 2026

Titanium Baltic sells Kesko Senukai DIY store in Vilnius

We advised Finnish investment fund Titanium Baltic Real Estate on the sale of a company owning a real estate asset leased to Kesko Senukai Lithuania for its DYI retail operations. The store is situated on V. Pociūno St., Vilnius, and benefits from a strong strategic location near the Western Bypass, with Vilnius Outlet nearby, both […]

Tax Stories: New import payment – as of 2026!

CBAM = carbon border adjustment mechanism. This is a new CBAM payment for imports of certain goods (over 50t/y) to ensure that it is not more cost-effective to produce goods outside the EU in terms of CO2. From 2024 I already wrote about CBAM in 2024, when the relevant EU regulation came into force. The main categories of goods […]

Swedbank and Luminor to lend EUR 100 million for construction of national stadium

We advised Swedbank and Luminor banks on matters related to the concession agreement for the National Stadium, with the banks providing a EUR 100 million syndicated loan to Vilnius Multifunctional Complex, a company owned by Hanner. The funds will be used for the construction of the National Stadium and the multifunctional complex in Vilnius. Swedbank […]

Permits for private homes could be replaced with less bureaucratic usage notifications

We compiled an analysis commissioned by the Estonian Government Office to assess whether Estonia could follow the example of some other European countries and abandon the requirement for a usage permit for residential buildings and apartment buildings, and considering how such a change would affect safety, the administrative burden and legal clarity. The analysis, entitled […]