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Sorainen Advises Darnu Group on Development of Vilnius Neighborhood

Sorainen Advises Darnu Group on Development of Vilnius Neighborhood

Lithuania
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Sorainen has advised the Darnu Group on a construction work agreement with UAB Naresta for the sixth stage of the Paupys district of Vilnius, in Lituania. UAB Naresta was reportedly advised by the Iustum law firm.

According to Sorainen, “Paupys is being developed in Vilnius Old Town over an area of 7 hectares. Darnu Group is investing over EUR 150 million in the conversion project. The sixth block of Paupys was designed by Kanco Studija architects Guste Kancaite and Kestutis Kajokas. Most of it (over 11,200 square meters) will be a residential area, while over 1,600 square meters will be dedicated to commercial premises located on the first floors of the buildings.”

Sorainen was represented by Counsel Simonas Skukauskas.

The Iustum team was led by Partner Nedas Silaika.

Editor's Note: After this article was published, Iustum informed CEE Legal Matters that Partner Laimonas Pivoras had worked on the deal as well.

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