Fort has advised EfTEN Real Estate Fund 4 on its acquisition of the shares of the company managing the River Mall shopping center and the newly-constructed River Hall business center in Kaunas, Lithuania, from a member of the Sirin group.
The deal is reported to be the biggest real estate transaction in Kaunas in the last three years.
The total area of the shopping center is 11,200 square meters while the 5-floor business center claims 8,600 square meters. According to Fort, both host more than 30 tenants.
The Fort team conducting legal due diligence of the target company, advising on the structure of the transaction and financing and securitization arrangements, negotiating the sale and purchase agreement, and assisting with closing included Partner Ruta Radzeviciute-Meizeraite, Senior Associate Aiste Samuilyte-Mamontove, and Associates Aurelija Grigoraviciute-Rimeisiene, Paulius Uosis, and Vadimas Maksimenka.