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Cobalt and Ellex Valiunas Advise on the Sale of Arka Business Center in Kaunas

Cobalt and Ellex Valiunas Advise on the Sale of Arka Business Center in Kaunas

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Cobalt has represented UAB Imlitex Holdings on the sale of the Arka business center in Kaunas, Lithuania. The buyer, who according to Cobalt, does not want to be identified until the deal closes, was represented by Ellex Valiunas.

Arka is an A+ energy class business center of more than 11,500 square meters. UAB Imlitex Holdings invested in the office building, which is located on Karaliaus Mindaugo avenue and which opened for business in March of this year. The prime contractor was AB YIT Kausta.

According to Cobalt, "this is the first real estate transaction of such scope in the city.”

The business center was already fully occupied when it opened and includes the offices of Swedbank, Helis, and Happspace, among others. UAB Imlitex Holdings is among the tenants of the building. In total, Arka provides office space for more than 500 people.

The Cobalt team included Partner Simona Oliskeviciute-Ciceniene, Managing Associate Arturas Kojala, and Associate Liucija Bitinaite.

The Ellex Valiunas's team included Associate Partner Indre Jonaityte-Grice and Senior Associate Akvile Bieliauskaite.

Image source: flickr.com

 

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