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A special audit identified deficiencies in the previous management of Eesti Energia AS
We conducted a special audit of Eesti Energia and its subsidiaries, commissioned by the Ministry of Finance. Four areas were analysed, and 37 observations were made. “We monitored the implementation of actions agreed upon in internal audits. To do this, we analysed documents, as well as explanations provided to us separately, and information obtained during […]
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Citycon divests Kristiine Keskus shopping centre
We advised Citycon on signing a binding agreement to divest Kristiine keskus in Tallinn, Estonia. The transaction is significant on Estonian market both for its value (being around 129 million euros) as well as for the reason that the center was acquired entirely with Estonian capital. Focus on the Nordic real estate market This divestment […]
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The alliance contracting model will be implemented for a billion-euro procurement for Rail Baltic
We advised Rail Baltic Estonia on preparing the base documents for a significant tender related to an alliance procurement consultancy contract. Alliance procurement is a project delivery model that has successfully been adopted in Finland. In this model, the client, designer and builder share responsibilities and risks, work as a unified team, and always make […]
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Niam Infrastructure and Evecon partner up for 110 MW of solar storage in Latvia
We advise Niam Infrastructure on a significant investment in the Latvian and Baltic renewable energy sector: forming a partnership with Evecon for the installation of up to 84 MWp in solar power and 26 MW in energy storage across 11 project sites in Latvia. This collaboration represents a substantial investment in the region’s renewable energy […]
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EIKA sells shopping centre Pupa in Vilnius
We advised EIKA Group on the sale of Pupa shopping centre in Vilnius, Pilaitė micro-district. EIKA Development remains the manager of the shopping centre and plans to invest the proceeds in the development and expansion of new projects in Lithuania and the region. The Pupa shopping centre, built by EIKA in 2008, was the first […]