TGS Baltic and Deloitte Legal have advised CVI Dom Maklerski on financing provided to SIA Riga Retail Park for the purposes of co-financing its acquisition of real property as well as the construction and development of the Saga Lifestyle and Shopping Centre in Stopini, a suburb of Riga, by Baltic real estate developer VPH UAB.
According to TGS Baltic, “the bonds were issued by Latvian company SIA Riga Retail Park under Polish law, but the securities were established under Latvian law. The bond issue was also a subordinated transaction to the senior loan to be issued by a syndicate of banks in Latvia.”
As previously reported, Ellex and Sorainen advised on the underlying deal (as reported by CEE Legal Matters on February 20, 2020).
TGS Baltic’s team included Partner Inese Hazenfusa, Associate Mikelis Ozolns, and Legal Assistant Martins Galzons.
Deloitte's team included Senior Managing Associate Antoni Goraj, Managing Associate Mariusz Banas, and Lawyer Sylwia Karpinska.