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TGS Baltic Advises Schage Eiendom on Sale of Quadrum Business City in Vilnius to Deka Immobilien

TGS Baltic Advises Schage Eiendom on Sale of Quadrum Business City in Vilnius to Deka Immobilien

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TGS Baltic has advised Schage Eiendom AS on its EUR 156 million sale of the Quadrum Business City in Vilnius to German real estate manager Deka Immobilien. Deka Immobilien was advised by Sorainen on the deal, which is expected to close within two months, subject to competition authority approval.

The Quadrum Business City is located in Vilnius in the central business district. It has over 44,000 square meters of net leasable area and three levels of underground parking with some 700 parking spaces. Just this past summer TGS Baltic advised Schage on its lease of space in Quadrum to Revolut Ltd. (as reported by CEE Legal Matters on August 5, 2019 https://ceelegalmatters.com/lithuania/11340-walless-advises-revolut-on-lease-of-vilnius-office).

The TGS Baltic team included Partners Dainius Stasiulis and Dalia Tamasauskaite-Ziliene, Associate Rugile Siaulyte, and Junior Associate Paulius Dabulskis.

The Sorainen team included Partner Kestutis Adamonis, Counsel Asta Augutyte-Rapkeviciene, Senior Associates Karolis Kunigelis and Edita Dauksiene, and Associate Lukas Vaisvila

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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