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.
The VILGERTS team advised the owner and manager of Galleria Riga, "East Capital Real Estate", in successfully finalising a significant long-term lease agreement with Workland. The agreement involves a remarkable investment (exceeding EUR 3 million) and aimed at transforming the expansive fifth floor of Galleria Riga, spanning an impressive area of 3,200 m2, into state-of-the-art co-working offices.
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.
Advising Estera Development SIA, a leading property development company, in connection with a construction project Tekstiliana, in Riga.
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.
VILGERTS assisted Summus Capital OÜ with the issue of unsecured bonds in the amount of EUR 10 million, arranged by Signet bank. Summus Capital OÜ, established in 2013, is an Estonian-based investment company which has diversified commercial real estate portfolio in the Baltics. The group possesses a portfolio of cashflow generating commercial real estate properties in the retail, office, logistics and medical segments. The VILGERTS team included managing partner, Gints Vilgerts and senior associate, Kristīne Mora. Other lawyers involved, included Kaido Loor.
Successfully advising and representing Merks SIA against Riga Airport in a lengthy construction dispute.
Advising Summus Capital OU and Mirrow Institute OU in the acquisition of “Riga Plaza”, a shopping and entertainments center, as well as receiving EUR 40 million in financing from Luminor banka.
Provision of legal assistance and representing property development company that focuses its operations in Riga in court proceedings and arbitration proceedings concerning non-performance of contractual obligations by a bank and liability thereof.
Assistance to the Client in connection with the sale of the Clarion Hotel in Riga.