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Sorainen Advises Taurapolis on Acquisition of Vilnius Complex From Aludariu Development

Sorainen Advises Taurapolis on Acquisition of Vilnius Complex From Aludariu Development

Lithuania
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Sorainen has advised Taurapolis on the acquisition of a building complex on Aludariu street in the territory of the former Vilniaus Tauro brewery in Vilnius from Aludariu Development. The sellers were advised by boutique firm Advokatu Kontora Gostautas ir Partneriai Advokatas.

Taurapolis intends to develop offices, apartments, and a hotel as well as the biggest spa in Vilnius. According to Taurapolis’ CEO, Linas Stankus, developement should be initiated by the end of 2017.

“The total area of the acquired buildings is approximately 7,000 square meters, said Stankus. "Most of the buildings are cultural heritage sites, some of them represent unique architecture of 19th century – spacious basements and a high arc-shaped ceiling. The total basement area covers 1,500 square meters. These characteristics suggest a theme of a hotel with a large spa center in antique basements."

The Sorainen team was led by Partner Ausra Mudenaite, supported by Senior Associate Julija Kirkiliene. 

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