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Fort Legal and Vilnius Law Firm No 9 Advise on EfTEN Acquisition of Vilnius Business Center

Fort Legal and Vilnius Law Firm No 9 Advise on EfTEN Acquisition of Vilnius Business Center

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The Vilnius office of Fort Legal has represented EfTEN Real Estate Fund III AS on its EUR 9 million acquisition, made through subsidiary EfTEN Evolution UAB, of the Evolution business center in Vilnius from Evolution Office System UAB, owned by Audrone Petraitiene ir Nordija UAB. The deal was finalized on May 31, 2018. The sellers were advised by Vilnius Law Firm No 9.

According to Fort Legal, the business center was completed in 2009. Its total enclosed area is 13,326 square meters, which also includes parking spaces for 229 cars. More than 85% of the business center is rented out to 15 tenants, including such companies as Eurovaistine pharmacy, Grifs AG, Compensa Life, Akzo Nobel Baltics, Telia, Linus Medical, and Dussmann Service.

The Fort Legal team on the deal consisted of Partners Andrius Mamontovas, Emilis Cicenas, and Associates Vadimas Maksimenka, Aurelija Grigoraviciute, and Paulius Uosis.

The Vilnius Law Firm No 9 team was led by Partner Vaidotas Vaicius.