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Sorainen and Cobalt Advise on Lords LB Sale of Klaipeda Shopping Center to Union

Sorainen and Cobalt Advise on Lords LB Sale of Klaipeda Shopping Center to Union

Lithuania
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Sorainen has advised the Lords LB Baltic Fund III on the share-deal sale of a shopping center in Klaipeda to the Union RE Core Fund I. Cobalt advised the buyer.

According to Sorainen, the shopping center has a total area of 17,000 square meters and is fully leased, with tenants including retail chains Rimi, Topo Centers, and Jysk.

The Lords LB Baltic Fund III is a real estate investment fund managed by Lithuania-headquartered company Lords LB Asset Management.

Launched in 2021, the Union Re Core Fund I investment fund is managed by Union Asset Management. The fund invests in commercial real estate leased by food retail chains.

The Sorainen team included Partner Kestutis Adamonis and Senior Associate Julija Kirkiliene.

The Cobalt team included Partner Simona Oliskeviciute-Ciceniene and Senior Associate Kostas Grigaitis.

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