Cobalt has advised the PREF III investment fund on its acquisition of a shopping center in Kaunas from Globalus Investicinia Sprendimai. Ellex Valiunas reportedly advised the seller.
Financial details of the transaction were not disclosed.
According to Cobalt, the PREF III fund "has successfully expanded its portfolio of assets under management, which, after this transaction, consists of three shopping centers in Riga, Kaunas, and Palanga.”
Cobalt’s team consisted of Partner Simona Oliskeviciute-Ciceniene and Associate Kostas Grigaitis.