Linstow, leading shopping center developer and manager in the Baltic states, has expanded its real estate portfolio by acquiring real estate of complex composition (several separate buildings and a site exceeding 3 hectares) in Riga, near Alfa Retail Park.
The real estate was acquired for future commercial development purposes. The value of the deal exceeded EUR 3 million. The transaction involved several legal obstacles which the parties had to deal with, such as divided property and separate rights of first refusal. For this reason, closing of the transaction took some two years.
Sorainen prepared all documents necessary for the transaction and advised the client in negotiations with the seller. Partner Lelde Laviòa and associate Jorens Jaunozols were involved in the matter.