Sorainen advised CPA:17 – Global on the acquisition of a modern Class A central logistics facility located in Kaunas and signing a long-term lease agreement with Kesko Senukai, a leading Do-It-Yourself retailer in Lithuania and the Baltic States. The property was purchased for approx EUR 60 million, including associated acquisition fees and expenses. CPA:17 – […]
Sorainen advised Lords LB Baltic Fund IV in the acquisition of an office building in central Tallinn known as EU House. The transaction posed some unique challenges due to the fact that the property is structured as a building title and parts of the building remained under reconstruction during the transaction. Additionally, the transaction involved […]
Deals & Cases / Pekka Puolakka, Paul Künnap
Sorainen Estonia advised Estectus, an SEB group property portfolio management company, on the sale of the Scala City office building located in Tallinn city centre, to Colonna investors. The newly renovated office building with a total lettable area of over 5,000 m2 will be managed by Colonna. The seller’s advisors included Sorainen, Catella and Seven […]
Sorainen Lithuania advised DNB Bank ASA (Norway), the largest financial services group in Norway, on the grant of a loan to Norwegian real estate development group Schage for development of the Quadrum business centre in Vilnius. Quadrum is the first business centre in Lithuania designed and built according to the Building Research Establishment Environmental Assessment […]
A subsidiary of Lords LB Special Fund I, a fund belonging to investment management company Lords LB Asset Management, has concluded a hotel management contract with operator Carlson Rezidor regarding hotel opening and further activity in Vilnius marked under the Radisson RED name. The hotel, to be opened in 2020 in the developing k18b complex […]
