Walless has advised UCTAM Baltics SIA on the sale of several land plots in Riga, covering a total area of 7.3 hectares, to Urban Investors. The total value of the transaction is EUR 5.5 million.
Urban Investors is part of the Lithuanian SBA Group. Acquired to the company, the land is intended to be used for campus-style development for high-tech companies, educational institutions, and science laboratories as a synthesis of the workplace and living area, with a complex ecosystem.
Walless’s team included Partner Sintija Radionova and Senior Associate Andis Ozolins.
Walless did not reply to our inquiry on the matter.