Fort Legal has advised Eften Capital on the acquisition of the Talino real estate project from Rewo. Walless advised the seller.
According to Fort, "the buildings to be constructed during the first phase of the development project, with 145 apartments, will be transferred to the ... fund." The project is being developed in the Justiniskes district of Vilnius.
Eften Capital is a Baltic commercial real estate fund manager. Rewo is a real estate developer.
"The strategic direction of Eften Residential Fund is to develop mid-range or economy class family-friendly modern apartment projects with a well-developed infrastructure, implemented by a reputable developer," Eften Capital Lietuva CEO Laurynas Zilys commented. "The Talino project met all these criteria, so we are happy that we managed to reach an agreement with Rewo."
In 2021, Fort advised Eften Capital on its investment in the Kaunas residential project (as reported by CEE Legal Matters on November 26, 2021) and its industrial buildings acquisition (as reported by CEE Legal Matters on June 28, 2021).
The Fort team included Partner Ruta Radzeviciute-Meizeraite.
The Walless team was led by Partner Evaldas Klimas.
The Rewo in-house team included Lawyer Agne Bielinskiene.