TGS Baltic has assisted the Akropolis Group with obtaining merger clearance from the Latvian Competition Council for its acquisition of SIA Delta Property.
Financial details were not disclosed.
According to TGS Baltic, SIA Delta Property is the owner of the Alfa Shopping Center in Riga. With this transaction, the Akropolis Group – which owns and manages the multifunctional shopping and entertainment centers Akropolis (Vilnius, Klaipeda, and Siauliai in Lithuania) and Akropole (Riga, Latvia) as well as two office buildings in Lithuania and Latvia – has added the Alfa multifunctional shopping and entertainment center (Riga, Latvia) to its portfolio.
According to the firm, “the Alfa Shopping Center was opened in 2001 and substantially renovated and expanded in 2019. The total area of the shopping center is about 154,000 square meters.”
TGS Baltic’s team included Lithuania-based Partner Dalia Tamasauskaite-Ziliene and Associate Paulius Dabulskis and Latvia-based Partner Andra Rubene, Senior Associate Mara Stabulniece-Veldruma, and Associates Vladlena Rudusane-Simica, Martins Galzons, and Kaspars Treilibs.