Advising East Capital Real Estate Fund IV on the various legal aspects of its EUR 83,000,000 (approximate) acquisition of 100% of the shares in Deglava Real Estate SIA (a subsidiary of ICA Gruppen (Sweden)), which owns a modern 94,000 square meters logistical and office center in Riga. The transaction is one of the largest and most significant real estate transactions to occur in Latvia during 2023.
The VILGERTS’ team is advising East Capital Real Estate on its acquisition of 100% of the shares in Hepsor U30 SIA (a subsidiary of the Estonian company, Hepsor Latvia OÜ), which owns a commercial building called “StokOfiss U30”, developed by Hepsor (with a total rental area of 3,642 m2). The transaction is valued above EUR 5 million. StokOfiss U30 is a multifunctional commercial building with a three-in-one leased space solution, including a sales premises, office space and a warehouse.
VILGERTS’ advises East Capital Real Estate on its EUR 53 million acquisition of the iconic “Place 11” office building in Riga (GLA 16,000 sqm) from the Hanner Group. According to Colliers, this is the largest commercial property transaction to have occurred in Latvia during 2022.
Legal support (together with Storm Legal) to Prime Prometics SIA, cosmetics e-shop business, and its shareholder KE Ventures SIA in connection with investment by Draugiem Capital I SIA to intensify international expansion.
Advised Summus Capital OÜ, a leading Baltic real estate investment holding group, on the completion of its buy-out of Mirrow Institute OÜ from LSREF3 Riga Plaza SIA, one of the largest shopping malls in Riga with NLA more than 50,000 m2 .
Advised BPM Capital OÜ on its mezzanine loan financing to Digital Mind AS for the acquisition of Lithuanian IT company Alna.
Advised Summus Capital OÜ, a leading Baltic real estate investment holding group, in relation to its legal due diligence and transaction documents for the acquisition of RCH Management SIA, the owner of shopping mall Damme (total area 16,000 m2) in Riga, Latvia.
Advising the shareholder of B2Y SIA, a leading bio cosmetics manufacturer, in the sale of a controlling stake to INVL Baltic Growth Fund.
Advised Summus Capital OÜ, a leading Baltic real estate investment holding group, in relation to its legal due diligence and transaction documents for the acquisition of DEPO’s DIY store (NLA 19 412 m2) in Riga, Latvia.
Advised the shareholders of Dokumeds SIA, a leading European contract research organization, concerning the sale of their shares to Rho World Inc.