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Sorainen Advises Orkela on Sv. Jokubo Hospital Complex Conversion Project in Vilnius

Sorainen Advises Orkela on Sv. Jokubo Hospital Complex Conversion Project in Vilnius

Lithuania
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Sorainen has advised Orkela on the conversion of the former Sv. Jokubo hospital in the Vilnius city center into a hotel.

Orkela is part of Lords LB Asset Management. The Vasario 16 complex at the former Sv. Jokubo hospital, which spreads across 16,000 square meters, will house a hotel, conference center, restaurants, cafes, shops, and administrative buildings. Orkela plans to invest approximately EUR 45 million in the Clarion Hotel and conference center project.

According to Sorainen "This was among the first project proposals to be successfully publicized during the quarantine by [means of] a public online meeting via live audio and video streaming. Over 100 representatives of the public participated in the online meeting."

Sorainen's team consisted of Partner Ausra Mudenaite, Counsel Simonas Skukauskas, and Associate Julius Raskauskas.

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