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05

08
2019

FORT contributed to the biggest real estate deal in Kaunas in the last 3 years

On 05, 08 2019 | No Comments | In Uncategorized | By Law Office FORT

FORT has advised EfTEN Real Estate Fund 4 in acquisition of the shares of the company managing the shopping centre River Mall (http://www.pcrivermall.lt/) and the newly constructed business centre River Hall in Kaunas (the 2nd biggest city in Lithuania) from SIRIN group company (http://www.sirin.eu/). The total area of the shopping centre is 11,200 sq. m while the 5 floors business centre – 8,600 sq. m. Both objects host more than 30 tenants. According to Swedbank this is the biggest real estate transaction in Kaunas in the last three years.

FORT conducted legal due diligence of the target company, advised on a structure of the transaction as well as financing and securitization arrangements, negotiated sale and purchase agreement and assisted in closing of the transaction. The team included: Rūta Radzevičiūtė-Meizeraitė, Aurelija Grigoravičiūtė-Rimeisienė, Paulius Uosis, Vadimas Maksimenka and Aistė Samuilytė-Mamontovė.

This is the 9th EfTEN’s acquisition in Lithuania which was trusted to FORT.

Please find the public announcement of EfTEN under this link.