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Sorainen and Fort Legal Advise on RYO Shopping Center Sale in Lithuania

Sorainen and Fort Legal Advise on RYO Shopping Center Sale in Lithuania

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Sorainen Lithuania has assisted Pontos Group and its Estonian subsidiary, Pontos Baltic, on the EUR 47 million sale of the RYO shopping center in Panevezys, in northern Lithuania, to EfTEN Real Estate Fund 4, managed by EfTEN Capital. Fort Legal advised the buyers on the deal.

The RYO shopping center has total retail area of over 24,000 square meters, and currently hosts 132 tenants, including Rimi, Jysk, H&M, and Avitela. The shopping center was built in 2005 and underwent reconstruction in 2014.

The Pontos Group is a Finnish private equity and real estate investment company operating in Finland, the Baltic States, and Portugal. EfTEN Capital is one of the largest commercial real estate fund managers in the Baltic States.

The Sorainen team consisted of Partner Kestutis Adamonis with Senior Associates Simona Stanciukaite,  Agne Sovaite, and Evaldas Dudonis. and Associates Lukas Vaisvila, Karolis Kunigelis, and Monika Tukaciauskaite.

The Fort Legal team in Vilnius was led by Partner Ruta Radzeviciute-Meizeraite and included Partner Emilis Cicenas and Senior Associates Aurelija Grigoraviciute and Vadimas Maksimenka.

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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