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Cobalt and Sorainen Advise NEPI Rockcastle on Baltic Entry

Cobalt and Sorainen Advise NEPI Rockcastle on Baltic Entry

Lithuania
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Cobalt and Sorainen have advised NEPI Rockcastle on its acquisition of 100% of shares in JSC Ozantis from Arena Zweite Verwaltungs GmbH, a company in the Hamburg-based ECE group. Ellex reportedly advised Arena Zweite Verwaltungs on the sale. The transaction value is approximately EUR 124.6 million.

Oznatis owns the Ozas Shopping and Entertainment Center in Vilnius, Lithuania, which opened in 2009. The shopping center has a gross leasable area of over 60,000 square meters. Its retail offering includes numerous international tenants such as Adidas, Bershka, H&M, LPP brands, New Yorker, Peek & Cloppenburg, Tommy Hilfiger, Zara, and others.

According to Sorainen, the acquisition of Ozas marks NEPI Rockcastle’s entry point into the Baltic region.

Cobalt's Tax team was led by Rokas Daugela and included Senior Associates Elena Vegelyte and Nerijus Jurkus, Associate Lukas Pultarazinskas, and Assistant Lawyer Edvardas Jankauskas.

The Sorainen team was led by Partner Kestutis Adamonis and included Senior Associate Evaldas Dedonis, and Associate Karolis Kunigelis.

Ellex did not reply to an inquiry about the deal.

 

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