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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


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.


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COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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