FORT advised investors on acquisition of Georg Ots Spa hotel in Kuressaare

FORT represented Cornada OÜ in transaction concerning the purchase of the building of well-known and popular Georg Ots Spa hotel in Kuressaare, Saaremaa. According to the buyers, Kuressaare still has a lot of potential as a tourist destination. The total area of the building is over 6600 square meters, the hotel has 92 rooms.

FORT has represented the real estate investment company EfTEN Capital AS in investment in its new product – housing rental in Kaunas

EfTEN is taking the first step into the Lithuanian housing rental market by investing 10 mio euros to construction of 2 nine-storey multi-apartment buildings in Kaunas. The project will produce 96 completely installed and furnished apartments to be rented on a long-term basis. EfTEN will work side by side with the real estate developer UAB Etapas Group. This is the first investment by EfTEN Residential Fund in Lithuania.

Attorney-at-law Rūta Radzevičiūtė – Meizeraitė has advised EfTEN on all transaction documents.

More information can be found here [https://bit.ly/3qWzvzs]