Mon, Oct
58 New Articles

Cobalt Advises BaltCap Infrastructure Fund on Investment in New Queen Morta School Building

Cobalt Advises BaltCap Infrastructure Fund on Investment in New Queen Morta School Building


Cobalt's Vilnius office has advised BaltCap Infrastructure Fund on its investment in a real estate development to be leased to the Queen Morta School and Childhood Garden pre-school, both privately run by Austeja Landsbergiene. The prime contractor in the project is UAB Merko Statyba.

Cobalt estimates the value of the investment at EUR 11 million, with the EUR 7.4 million cost of construction representing the greater part of the total investment value.

According to Cobalt, the deal is the first of its kind in the field of education-business partnership.

The property, which consists of around 7 400 square meters, is designed to house a school and pre-school due to open in September 2019. The new educational establishment in the Lithuanian capital's Kalnenai district will provide up to 800 student places, not including those for pre-school children.

For 20 years, BaltCap Infrastructure Fund will retain ownership of the building and lease it to the Queen Morta School and Childhood Garden pre-school.

Cobalt’s team consisted of Partner Simona Oliskeviciute-Ciceniene, Managing Associate Ausrys Sliavas, and Associate Simas Paukstys.

Cobalt did not reply to our 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

All News about Cobalt can be found here.


Our Latest Issue