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Cobalt and Sorainen Advise NEPI Rockcastle on Baltic Entry

Cobalt and Sorainen Advise NEPI Rockcastle on Baltic Entry


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.


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

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