We advised Technopolis in signing and completing the agreement to sell the Technopolis Ozas business campus in Vilnius, Lithuania, to the real estate fund Baltic Opportunity, managed by Lords LB Asset Management. The transaction was completed following the approval of the Competition Council, after which Technopolis Ozas became the property of the fund managed by Lords LB Asset Management.
This is the largest office real estate deal in the Baltics and one of the largest commercial real estate transactions in the last several decades.
The Ozas campus in Vilnius comprises six distinct office buildings, all of which are LEED-certified (Leadership in Energy and Environmental Design). The total leasable area is 106,000 square metres, representing about one-tenth of the total modern office space in Vilnius and accommodating more than 140 companies on campus today.
Our services and team
Sorainen Lithuania office assisted Technopolis in its initial investment into the Ozas campus back in 2013 when Technopolis acquired Alfa, Beta and Gama Buildings from a local developer, and since then has been a committed legal partner in all key legal matters related to the development, leasing and property management of the Ozas campus to its current state.
We advised the client on all legal matters related to the divestment transaction, including negotiating, signing and completion of the transaction. Our team, led by partner Kęstutis Adamonis, included senior associates Aurelija Daubaraitė, Mindaugas Baniulis, Simona Stančiukaitė and Vitalija Impolevičienė.
