We advised NT plėtros grupė, an open-ended investment fund for informed investors, on selling a project together with a land plot and buildings in the Vilnius Stoties district. The project was sold to a closed-end investment company, KŪB PARTNERSHIP I, managed by UAB Eika Asset Management.
The company intends to develop an exclusive apartment complex, Senamiesčio sodai, on the acquired territory. It is planned to build 175 apartments there, and the entire construction is to be implemented in two stages. The ground floors of the blocks planned to be built along the streets will provide commercial space for shops, cafés and other services. This is the largest property development transaction this year.
Our services and project team
We advised the client on all legal issues related to territory planning, land use, public hearings and coordination of project proposals, design documentation, obtaining a building permit, as well as structuring, signing and implementing the sale transaction.
The team was led by partner Simonas Skukauskas and included senior associates Daiva Čekanavičienė, Sandra Aleksandravičienė, Donatas Jasaitis and Julius Raškauskas.
