Pohla & Hallmagi has advised the Norwegian hotel operator Citybox on its agreement with Estonian company Porto Franco OU to establish a Citybox hotel in Tallin. Cobalt advised Porto Franco on the deal.
According to Pohla & Hallmagi, the Citybox hotel will be in the first building of the Porto Franco commercial and office complex in Tallinn that is currently under construction. Expected to be completed by June 2019, the hotel will have a total of 8,575 square meters of leasable space.
Founded in 2006, Citybox AS opened its first hotel in Bergen, Norway's second largest city.
The manager of Citybox, Eivind Hjulstad, says the Citybox hotel — the the first opened by Citybox outside Norway — will launch the company's strategy to open hotels in major European capitals.
Editor's Note: After the article was published, CEE Legal Matters learned that Pohla & Hallmagi advised Citybox in cooperation with Norwegian law firm Thommessen Bergen. The Pohla & Hallmagi team consisted of Partner Juri Ploom and Senior Associates Teele Viilup and Taimar Ehrlich. The Thommessen Bergen team was led by Ivar Strandenes. Partner Aivar Taro led the Cobalt team.