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TGS Baltic Assists on Opening of Akropole Shopping Mall

TGS Baltic Assists on Opening of Akropole Shopping Mall

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TGS Baltic has advised SIA M257 on the April 4, 2019 opening of Akropole, a shopping and leisure mall in Riga.

TGS Baltic describes Akropole as "one of the largest construction projects in Latvia in recent years, with the total investments in the implementation of the project reaching slightly below 180 million euros. The total area of the shopping mall and the office building is 98,000 square meters, 90,000 square meters [of which] are allocated for retail, while the rest [are allocated] for office premises."

In addition, the firm reports, "the spacious shopping mall includes an ice rink, the first Apollo Kino Cinema in Latvia with 9 auditoriums, 1,140 seats, and the first IMAX cinema in Latvia that combines the latest sound and image quality technologies (7 million euros investment), and an elegant and spacious Maxima XXX grocery store (3.6 million euros investment)."

The TGS Baltic team working on the project included Partners Linda Strause and Andra Rubene, Senior Associate Mara Stabulniece, and Associates Aija Kreicberga, Rudolfs Vilsons, Kalvis Krumins, and Janis Karsenieks.

Editor’s Note: After this article was published, Sorainen informed CEE Legal Matters that it had advised designer Sarma Norde, Apollo Kino and Megafort Latvia in relation to the opening of the Akropole shopping mall.

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