Ellex Klavins has advised Eastnine AB on its EUR 25 million acquisition of the Valdemara Centrso office property in Riga from Capital Mill. Fort Legal advised the seller on the deal.
The property is fully leased to about ten tenants, including law firms and accounting firms.
The transaction, which is expected to close in the fourth quarter of 2019, will be financed with a combination of cash and bank loans. According to Ellex, in connection with the acquisition, Eastnine will establish its own organization in Latvia.