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We advised Lidl Lietuva on the sale and long-term leaseback for two newly built stores in Lithuania. 1,979 sq. m store in Jurbarkas and a 2,312 sq. m store in Panevėžys were acquired by Tewox. The acquisition was financed with a EUR 6.7 million loan from Luminor Bank. Tewox acquired the store buildings along with […]
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We acted as Latvian legal counsel to the lenders – NORD/LB Norddeutsche Landesbank, Nordic Investment Bank, and Luminor Bank – in the EUR 75 million financing of a 148-MWp photovoltaic (PV) plant in Latvia, developed by Stelo Orienta SIA. This project, supported by the European Union under the InvestEU Fund, is sponsored by European Energy […]
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We successfully represented Prisma Peremarket in a precedent-setting business dispute that lasted over a year. Harju County Court dismissed all of the claims by the owner of the premises, L95 OÜ. It confirmed Prisma’s position that the chain is not obligated to reopen a supermarket formerly located in the Linnamäe shopping center. Aim of preventing […]
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We advised the US payment processing company Shift4 Payments Lithuania on signing a lease agreement for an additional 1,400 m² in a new connection premises of the EIKA Business Centre, managed by Eika Development. Shift4 Payments will expand its presence by occupying over 5,000 m² of the EIKA Business Centre. With a total area exceeding […]
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We helped property developer Vastint Latvia to conclude a lease with IT company Atea Global Services for the lease of all available office space in an office building still under construction at Antonijas Street 17, Riga, located in Magdalēnas kvartāls. About the transaction This becomes not only the largest office rental transaction in the history […]
