Sorainen partner Aušra Mudėnaitė continues her activity as a member of the board of the Lithuanian Real Estate Development Association (LNTPA). Aušra, who co-heads the firm’s Real Estate and Construction team in Lithuania, has been selected as a member of the board of the association for the third time. Comments Aušra: “I am grateful to […]
We advised real estate development company Darnu Group on the sale of the second building – East Hill – in the Park Town business centre. This is one of the largest commercial property sale transactions completed in the Baltics this year. The 15,000 m2 Class A office building was acquired by an investment company jointly […]
We advised real estate investment and management company Technopolis on signing an office lease agreement with Western Union Processing Lithuania (WU). The company, managed by the money transfer company Western Union, has leased more than 15,000 m2 of office space, making it the largest office lease transaction in the Vilnius market this year. WU expanding […]
We advised Orkela, part of investment management company Lords LB Asset Management, on a project for conversion of the former Šv. Jokūbo hospital in Vilnius city centre. The complex, called Vasario 16 kompleksas and spreading across 16,000 m2, will house a hotel with conference centre, as well as restaurants, cafes, shops and administrative buildings. Orkela […]
The work stoppage due to the raging pandemic in Europe has created tax risks for Baltic construction companies active abroad because their commercial revenue might be taxed there instead of their home country. Why is it important that activity on a construction site lasts less or more than 6 months? Many Baltic contractors operate on […]
