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