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Cobalt and Ellex Advise on Corum Origin Acquisition of ELKO Group Office

Cobalt and Ellex Advise on Corum Origin Acquisition of ELKO Group Office

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Cobalt has advised Corum Origin on the acquisition and leaseback transaction of the ELKO Group headquarters office and warehouse in Riga for EUR 14.6 million. Ellex Klavins advised ELKO Group on the sale.

According to Cobalt, the property has a total gross-leasable area of around 9000 square meters, and the triple-net lease agreement is entered for the term of 15 years.

Corum Origin, a fund managed by Corum Asset Management, is an independent asset management company, registered in France, which invests in real estate located in Europe.

The ELKO Group is a distributor of IT products, solutions, and consumer electronics in Central and Eastern Europe. According to Cobalt, the acquisition of ELKO’s headquarters office is the first investment in Latvia for Corum, and the second investment in the Baltics.

Cobalt also advised Corum in its first transaction in the Baltics: its 2017 acquisition of the Prisma shopping center in Narva, Estonia as reported by CEE Legal Matters on July 13, 2017.

Cobalt’s team included Managing Partner Dace Silava-Tomsone, Partner Toms Sulmanis, Senior Associate Elina Locmele, and Associate Juta Gulkevica.

The Ellex team consisted of Partners Ivars Pommers and Inita Jurka and Associate Zane Miglane.

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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

All News about Cobalt can be found here.


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