Sorainen has announced that its Lithuanian office advised the MG Valda real estate developer on its acquisition of a 1.24 hectare site in Uzupis.
The site -- which was acquired through a subsidiary -- encompasses the buildings of the former Vilija textile factory. According to Sorainen, MG Valda plans to build a "prestigious residential complex" to be called "Uzupio Krantines" (Uzupis Waterfront), on the site.
Sorainen Partner Ausra Mudenaite and Senior Associate Giedre Frolenkiene led the team on the deal.