Publication
The new Ober-Haus Real Estate Market Report 2019 is now available online. Our Real Estate & Construction team contributed to preparation of the annual report covering the Baltic Capitals – Vilnius, Riga and Tallinn. The overview focuses on the office, commercial, storage and residential premises markets, as well as on land plots in each of […]
We assisted pharmaceutical company Oribalt in concluding a logistics terminal development and lease contract with Baltic Sea Properties. Norwegian real estate investment company Baltic Sea Properties will develop a property with a total area of 6,500 m2 designed for Oribalt needs. Long-term lease Baltic Sea Properties and Oribalt signed a long-term lease contract. Baltic Sea […]
FinEst Bay Area Development signed a memorandum of understanding for EUR 15 billion in financing with China’s Touchstone Capital Partners for an undersea train tunnel project linking Helsinki with the Estonian capital Tallinn. FinEst Bay Area raised the first external funding of EUR 100 million from Dubai-based construction company ARJ Holding in December 2018 and is seeking […]
Sorainen as local counsel advised CEMEX, a leading global building materials company, on the sale of its activities in Scandinavia and the Baltic states to Schwenk, a building materials group headquartered in Ulm, Germany. The purchase price is approx EUR 340 million. In Latvia, Schwenk is taking over a cement production plant with a production […]
Sorainen assisted Swedish investment company Eastnine in acquiring three S7 business centres in Vilnius. Transaction value – EUR 128.3 million. This is the biggest acquisition in the office buildings category in the history of the Baltic states. Acquisition of the first business centre was completed in February 2019. Acquisition of the second and third business […]
