Sorainen has advised SBA group company Urban Inventors on the acquisition of a part of the former Kauno Grudai site in Kaunas, Lithuania, from Omina Bona, Antra Kryptis, and Emea Rei Limited. Solo practitioner Donatas Venslavicius reportedly advised the sellers on the deal.
According to Sorainen, Urban Inventors intends to build an office complex on the 2.5 hectare site, located on the river shore in front of Nemunas Island.
Sorainen reports that Kaunas city municipality is currently preparing a detailed city plan. According to the plan, the intended designation of land will be changed from industrial to commercial.
The Sorainen team was consisted by Partner Ausra Mudenaite and Associate Julius Raskauskas.