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Sorainen and Cobalt Advise on the Sale of Verslo Trikampis Business Complex

Sorainen and Cobalt Advise on the Sale of Verslo Trikampis Business Complex

Lithuania
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Sorainen has advised real estate management and development company MG Valda on the sale of the Verslo Trikampis business complex. The buyer, real estate fund LIM Verslo Trikampio NT Fondas, controlled by fund management company Lewben Investment Management (which in turn is owned by the Lewben Group), was represented by Cobalt.

Financial details were not disclosed. The fund size is over EUR 60 million, and after the transaction MG Valda will continue to administer the business complex.

Verslo Trikampis consists of four A class business buildings located in central Vilnius. Some 58 Lithuanian and international companies occupy premises in the business center, which offers over 28,000 square meters of leasing area.

MG Valda’s CEO Sigita Survilaite-Mekioniene commented: “Our business strategy is directed towards growing the scope of real estate projects. However, we will remain the administrator of Verslo Trikampis. Our extensive experience accumulated while managing Verslo Trikampis and the North Star business complex, which was sold earlier, enables us to create a strong, long-term and added-value-generating partnership with our clients and business partners.”

The Sorainen team included Partner Kestutis Adamonis and Senior Associates Simonas Skukauskas and Edita Cerniauskaite.

The Cobalt team included Partner and Head of Real Estate and Infrastructure Department Simona Oliskeviciute-Ciceniene, Managing Associate Arturas Kojala, and Associates Liucija Bitinaite and Justinas Sileika

Image source: efoto.lt

 

Lithuanian Knowledge Partner

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

All News about Cobalt can be found here.

 

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