Fort has advised Eften Capital AS on the acquisition of two 20,000 square meter production buildings in Panevezys, Lithuania from Adax and Baltic Sea Properties. Ellex Valiunas advised the sellers on the deal.
The transaction was co-financed by Siauliu Bankas.
According to Fort, the tenants of these buildings are AQ Wiring, a manufacturer of electric systems, and Adax, a manufacturer of domestic and commercial heating products.
According to Ellex, Baltic Sea Properties is a Norwegian-listed real estate company investing in the Baltics.
Fort’s team included Managing Partner Andrius Mamontovas, Partner Ruta Radzeviciute – Meizeraite, Senior Associates Aurelija Grigoraviciute – Rimeisiene and Vadimas Maksimenka, and Junior Associate Gabriele Velta Mickeviciute.
Ellex’s team was led by Associate Partner Julija Nikitaraviciene.