Ellex has advised the Lithuanian real estate developer Hanner Group on its EUR 131 million sale of Riga office complex Jauna Teika to the Eften Real Estate Fund 4.
According to Ellex, the Jauna Teika business center is a strategically important property in Riga. Located in the Vefresh area, which has historically been the home of Latvian technology companies, Jauna Teika comprises four office buildings with a total leasable area of about 59,000 square meters.
According to Eften Capital, the transaction is the largest in Eften’s history, as well as the second-largest real estate transaction in the history of Latvia.
The Ellex team included Partners Ivars Pommers and Inita Jurka, Senior Associate Zane Miglane, and Associate Ineta Kanepe.