We advised Technopolis in selling the Technopolis Ozas business campus in Vilnius, Lithuania, to the real estate fund Baltic Opportunity, managed by Lords LB Asset Management. This is the largest office real estate deal in the Baltics ever and one of the largest commercial real estate transactions in the Baltics of the last several decades. The completion of the transaction is pending regulatory clearance from the Lithuanian Competition Council.
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.
“During the ten years that Technopolis has owned the Ozas campus, we have managed to build it into a lively, open campus that meets the needs of all customers. The strategic disposal comes after a thorough evaluation of our portfolio and aligns well with our strategy and long-term business plan,” says Niko Pulli, CEO of Technopolis.
Our services and team
Sorainen Lithuania office has 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 Ozas campus to its current state.
We advised the client on all legal matters related to the divestment transaction, including negotiating and signing the transaction documents. Our team, led by partner Kęstutis Adamonis, included senior associates Mindaugas Baniulis, Simona Stančiukaitė and Vitalija Impolevičienė.
