The project VPH, a developer and manager of world-class commercial real estate across the Baltics and Belarus, has acquired a plot of 14.45 hectares in Stopiņu novads (Latvia) from Verus Praedium (owner of the IKEA store in Latvia), for development of a new lifestyle shopping centre Sāga. Sāga is located next to the IKEA store […]
Deals & Cases
We advised Autoūkis NT, a Kenova Group company, on the sale of a complex of buildings to a company controlled by Hanner Group. The complex, occupying an area of about 2 hectares, is located in Žirmūnai district in Vilnius. Detailed plan corrections, design proposals and design were prepared for the site and a construction permit […]
We assisted Kaamos Group in acquisition of 1/6 of the shares in Sunly Land and in negotiating a shareholder agreement. Commented Marek Pohla, Chairman of the Board of Kaamos Group: “Kaamos Group is constantly looking for new innovative companies to invest in. Sunly’s team of renewable energy experts and strategic collaboration with them will enable […]
We represented Latvijas Pārtikas Ražotājs (“LPR”), a well-known Latvian food and confectionery producer which developed the “Latvijas Labumi” trade mark, in a three-year dispute over issues of ownership of utilities needed for operation of LPR’s immovable property, a production facility. Essence of the dispute A court claim was brought against several defendants ‒ including LPR […]
We advised Lietuvos geležinkeliai ‒ the largest state-owned railway company in the Baltics ‒ on tender procedures and signing a purchase contract to electrify a major railway infrastructure corridor in Lithuania. Electrification will affect a strategically important railway line linking Klaipėda port, the main cargo and logistics centre in Lithuania, with Vilnius and Belarus. This […]