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Ellex Klavins and Fort Legal Advise on Acquisition of Eastnine Office Property in Riga

Ellex Klavins and Fort Legal Advise on Acquisition of Eastnine Office Property in Riga

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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.

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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

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