Ellex Valiunas has advised Norway's Baltic Sea Properties real estate management company on its sale of 13 buildings to Rivona, a subsidiary of the Norfa Group.
Financial details of the transaction were not disclosed.
According to Ellex Valiunas, the buildings, which cover an area of 23,000 square meters, are located in the Lithuanian cities of Eisiskes, Ignalina, Joniskis, Jurbarkas, Jonava, Kupiskis, Lazdijai, Naujoji Akmene, Radviliskis, Raseiniai, Rokiskis, Svencionys, and Zarasai.
Rivona is a provider of logistics, production industry, real-estate leasing, and warehousing services. The company was founded in 1993 and currently employs over 1,000 people.
The Ellex Valiunas team was led by Associate Partner Julija Nikitaraviciene.