Sorainen has advised real estate project developer Linstow on the acquisition of Sporta 2 quarter from SIA Sporta 2, part of the NP Properties Group.
The Sporta 2 quarter is a 3-hectare property located in the center of Riga. The total value of the deal is EUR 10.5 million.
According to Sorainen, Linstow is a long-term real estate project developer in the Baltics and intends to develop the property as a mixed-use urban development project.
Sorainen’s team included Partner Lelde Lavina, Senior Associates Jorens Jaunozols, Andris Vilisons, and Zanda Frisfelde, and Legal Assistant Kate Berlaua.