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Largest Baltic deal of this decade: Salling Group agrees to acquire RIMI Baltic
Salling Group, the largest retailing group in Denmark, agreed to acquire RIMI Baltic which operates retail chains in Latvia, Lithuania and Estonia. With a valuation of EUR 1.3 billion, this marks the largest Baltic transaction during this decade. Sorainen partner Laimonas Skibarka comments: “This will be one of the largest investments in the Baltics to […]
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Inter IKEA Group completes acquisition of the IKEA retail business in the Baltics
We advised Inter IKEA Group on its acquisition of the IKEA retail business in the Baltics. The purchase included three full-size IKEA stores, five additional smaller customer meeting points, the business’s e-commerce platform, and the Digital Retail Development company. Currently, the IKEA retail operations in the Baltics employ 1,450 co-workers, and 6.6 million people visited IKEA stores […]
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Vastint Latvia concludes this year’s largest office rental deal in Latvia
We helped property developer “Vastint Latvia” to conclude a lease with IT company “Atea Global Services” for the lease of all available office space in an office building still under construction at Antonijas Street 17, Riga, located in Magdalēnas kvartāls. About the transaction This becomes not only the largest office rental transaction in the history […]
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Major deal in the office market: expansion of Riga International School in Skanste
We advised the International School of Riga (ISR) on signing an agreement with Baltic Horizon Fund for the lease of 3,680 sqm of space in its own building at 27 Skanstes Street, Riga. This transaction is one of the largest leases of office space in Riga this year. The lease agreement is for five years, […]
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Booking Group and Chemispec acquire a sizeable office building in Latvia
We are happy to have assisted our clients Booking Group and Chemispec in a transaction for the acquisition of a 10,500 m² office building, located on Meistaru iela, Valdlauči, Ķekavas novads, Latvia, from Laurus Gene UAB. The office building is well-known as the current headquarters of SEB banka in Latvia. Our assistance We assisted our […]