TGS Baltic has appointed Estonian Partners Kadri Kallas and Leonid Tolstov, Latvian Managing Partner Ivars Grunte and Partner Andra Rubene, and Lithuanian Executive Partner Marius Matonis to the firm's board and has elected Lithuania Managing Partner Vilius Bernatonis as Chair of the Board.
Sorainen has advised the real estate development company Darnu Group on the sale of the 15,000 square meter East Hill building in Vilnius's Park Town business center to an investment company jointly owned by the Zenith Family Office and the Dao Family Office. Walless advised the buyers on the transaction.
For our new “Checking In” feature, we reach out to partners and heads of practice across CEE to learn how specific practice areas are faring in their jurisdictions. For this inaugural piece, we asked firm Real Estate experts: "What effect do you think the COVID-19 crisis will have on the real estate market in your jurisdiction this year, and what do think will be the longer-term repercussions?"
TGS Baltic has advised venture capital fund Koinvesticinis Fondas and four other business angels on their investment of EUR 210,000 in Lithuanian start-up Funkciniai Gerimai. Cerniauskas & Partners reportedly advised Funkciniai Gerimai on the deal, while Glimstedt advised the business angels investing.
Ellex Valiunas has advised Quaero European Infrastructure Fund II on the acquisition of 100% of shares in UAB Duomenu Logistikos Centras from energy company Ignitis Group and Litgrid. TGS Baltic advised the sellers on the transaction, which is due to close in July and was valued at EUR 10.1 million.