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FORT contributed to the third biggest real estate deal in the Baltics in 2018

On 05, 12 2018 | No Comments | In Uncategorized | By Law Office FORT

We are happy to represent EfTEN Real Estate Fund 4 in acquisition of the shares of the company managing the shopping centre RYO (formerly known as “Babilonas”) from Pontos Group (Finland). The area of the shopping centre is 24,300 sq. m with 132 tenants offering their goods and services. It is the biggest shopping centre in Panevėžys and it daily attracts around 11,000 visitors. In 2014 the shopping centre was reconstructed by expanding its area as well as changing its image and brand.

The value of transaction is equal to 47 million euros. It is the second biggest transaction in EfTEN history and the third biggest real estate acquisition in the Baltics this year.

It is already the fourth business centre in EfTEN portfolio together with Domina centre in Riga, shopping centre Saulės miestas in Šiauliai and RAF centre in Jelgava.

FORT team included Rūta Radzevičiūtė-Meizeraitė, Emilis Cicėnas, Aurelija Grigoravičiūtė-Rimeisienė and Vadimas Maksimenka.

Please find the public announcement of EfTEN upon clicking the following link.