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.
Advising Summus Capital OÜ, a leading Baltic real estate holding group, concerning the legal due diligence carried out 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.
Advising Egis Rail SA in connection with an agreement concluded with Rail Baltica, as well as agreements with subcontractors and joint venture partners
Advising Estera Development in obtaining a loan from Blue Orange bank for the construction of an apartment block.