Ellex Klavins advised Orkla Confectionery & Snacks Latvija on a land acquisition in the Adazi Region intended for a new production facility. The seller, Sabre Group, was represented by Triniti.
Orkla is planning to move its current production facilities out of Riga. According to Ellex Klavins, the transaction was launched in the summer of 2017 and provides for the concurrent development an industrial park, parceled lands, and installation of a new infrastructure. The opening is scheduled for late 2019.
Ellex Klavins reports that it worked in close collaboration with the Colliers International real estate consulting company. Cooperation agreements with the local government of Adazi were also involved in the transaction process.
The Ellex Klavins team was led by Partner Ivars Pommers and included Partner Zinta Jansons and Associate Zane Miglane.
The Triniti team advising Sabre Group was led by Senior Associate Armands Masulis, working with Associate Harijs Lielvards.