Sorainen has advised Genesta Property Nordic on the sale of 100% of its shares in GNBLIT Kaunas Logistics to EfTEN Capital. Fort advised the buyers on the deal.
The Latvian and Lithuanian offices of Ellex have advised the Lithuanian investment company UAB Prosperus Strategic RE Fund on its acquisition of the 7250-square meter Mezciems shopping center in Riga and a 1,650 square-meter store in Vilnius. The Ecovis law firm advised the sellers on the Latvian sale.
Primus has represented and advised UAB Litagra, one of the largest agricultural companies in Lithuania, on its now-completed reorganization and division into two companies: UAB LP Grupe, which will take over the trade and elevator business, and UAB Litagra, which will operate the activities of feed production and agricultural business.
Sulija Partners Law Firm Vilnius has assisted AB AviaAM Leasing, a Warsaw Stock Exchange-listed global aviation holding company, with the sale of four Airbus A320 aircraft to a subsidiary of GTLK Europe, an Ireland-based international leasing company. Allen & Overy Moscow advised GTLK Europe on the deal.
Ellex, representing the Vilnius-based UAB Ozantis real estate developer, has helped facilitate a settlement agreement between some 32 entities and containing more than 16,880 signatures that, having been approved by the Vilnius City Council, brings an end to a 16-year dispute regarding investments in the 60-hectare territory of the Siemens Arena in Vilnius.
Sorainen Estonia has advised NEFCO, an institution established by the five Nordic countries to finance green investment projects in Eastern Europe, on its subscription agreement with BaltCap for a EUR 3 million equity investment in the EUR 100 million BaltCap Infrastructure Fund, which will focus primarily on investments related to renewable energy, energy efficiency, and transport, as well as social infrastructure projects in Estonia, Latvia, and Lithuania. BaltCap was advised by the Deca Legal law firm.