Advising Estonian company 1Home Group AS on acquiring of a student hotel in Latvia and obtaining EUR 8.4 million financing from AS DNB banka

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TGS Baltic’s M&A and litigation teams assisted Estonian company 1Home Group AS with acquisition and commencement of management of a student hotel at Lauvas 2, Riga, Latvia, that borrowed a loan of EUR 8.4 million from AS DNB banka for expansion of the business of rental housing for students in the Baltics and Poland.

1Home Group ASis a company providing housing services for students and interns by offering high-quality rooms for in the Baltic Countries and Poland. 

Web page of the company: http://1home.eu/

On the same topic (in English): http://www.baltic-course.com/eng/good_for_business/?doc=125517

On the same topic (in Latvian): https://www.dnb.lv/lv/jaunumi/dnb-baltijas-bankas-pieskir-84-miljonus-eiro-studentu-majoklu-projektam

TGS Baltic team was led by Partner Andra Rubene and supported by Associates Raivis Znotiņš, Gundars Madelis and Rūdolfs Vilsons.