TGS Baltic has advised the Evernord Real Estate Fund III, managed by Vilnius-based investment firm Evernord Asset Management, on its acquisition of a 65% stake in Riga's Novira Plaza business center.
According to TGS Baltic, Novira Capital, the developer of the project, holds the remaining 35% of the shares. The total planned value of the project is estimated at EUR 55 million.
TGS Baltic’s Vilnius-based team consisted of Partners Agnius Pilipavicius and Aurimas Pauliukevicius, Senior Associate Karolina Lapinskaite, Junior Associate Elvinas Kizys, and Legal Assistant Kotryna Visockyte. The firm did not reply to an inquiry about the deal.