Ellex Klavins has advised the BTA Insurance Company on its acquisition of a residential portfolio in Riga from Rentejas. Markvarte/Lexchange advised the seller on the deal.
Financial details of the transaction were not disclosed.
According to Ellex, the portfolio includes seven residential buildings with 170 tenanted units in three locations in the central part of Riga.
BTA Baltic Insurance Company is a provider of non-life insurance services in Latvia, Lithuania, and Estonia.
SIA Rentejas is a Latvian and Austrian real estate company that specializing in rental house reconstruction and management services.
The Ellex Klavins team included Partner Ilga Gudrenika-Krebs, Foreign Counsel Zinta Jansons, Senior Associates Anete Dimitrovska and Anna Misneva, and Associate Kristers Losans.
Markvarte/Lexchange’s team was led by Managing Partner Zane Markvarte.