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Cobalt Advises Braitin on Realco Project Acquisition

Cobalt Advises Braitin on Realco Project Acquisition

Lithuania
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Cobalt has advised Braitin on its acquisition of the Prie Vilneles project in Markuciai from developer Realco.

"The construction of project Prie Vilneles started in May 2021," Cobalt informed. There are plans "to build 220 apartments in the complex rising on the left bank of the Vilnele river, with pedestrian and bicycle paths next to it. Residents will be able to enjoy the nearby green spaces as well, as the district falls within the territory of the Pavilniai Regional Park. After acquiring the project, Braitin, together with investors, plans to invest EUR 21 million in its development. The construction of the complex is expected to be completed at the end of 2022."

Braitin is an investment company that focuses on real estate development, as well as renewable energy projects related to hydropower, wind, solar, geothermal, and biomass energy.

Founded in 2006, Realco is a Lithuanian real estate development company, specializing in building and developing residential, public, and commercial projects.

The Cobalt team included Partner Arturas Kojala.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.