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Glimstedt Advises Newsec on Investment in Rontgen

Glimstedt Advises Newsec on Investment in Rontgen

Lithuania
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Glimstedt has advised international advisory real estate company Newsec on its investment in Lithuanian crowdfunding real estate platform Rontgen.

Founded in 1994, Newsec is a full service property house in Northern Europe which offers real estate owners, investors, and tenants a wide range of services within advisory and property asset management.

“In the real estate market, we see a growing need for crowdfunding," commented Ugnius Meidus, CEO of Newsec in the Baltic States. "Thus investing in the Rontgen platform will open up alternative sources of funding for real estate developers and provide new investment opportunities for individuals and businesses. In addition, this platform will provide an opportunity to invest in a prestigious and 'high entry' real estate investment segment that was only available to a few until the emergence of Rontgen.”

Rontgen is a crowdfunding platform for real estate development. It is recognized and supervised by the Bank of Lithuania and serves as the meeting place for developers with experience in real estate development projects and investors capable of providing funding. 

The Glimstedt team consisted of Associate Partner Karolina Baronaite-Birmonte, Senior Associate Asta Macijauskiene, Associate Domantas Gudonis, and Junior Associate Simona Butkute.

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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