- About Us
M&A and CorporateRegulatory & Competition
TGS Baltic advised UAB XXT controlled by UAB M.M.M. projektai in selling the office complex S7 to Eastnine, a Swedish investment company. The transaction with the value of EUR 128.3 million is a record transaction in the office segment in the Baltic States and by far the largest acquisition of commercial real estate in recent years.
“It is our pleasure to contribute to this significant transaction which is already titled the transaction of the year. This has been a strategic project for both M.M.M. projektai and Eastnine which almost doubled the portfolio managed by the company. Joint efforts of the team let the transaction to be executed within an exceptionally short period of time. Once again this has shown our competencies to deal with especially large and market-relevant projects”, TGS Baltic Executive Partner Marius Matonis, the leader of the transaction team, said.
TGS Baltic advised the client on all legal issues related to the transaction, including performing legal due diligence, preparing transaction documents. The team involved Of Counsel Donatas Zdanavičius, Associate Partner Sandra Bliuvaitė-Šulcienė, Associate Dominykas Užkurnys, Junior Associate Julija Skardžiūtė.
The office complex S7 is located in Žvėrynas, a borough of Vilnius, and the area of leased premises covers 42,500 sq. m. The office buildings satisfy the highest environmental protection standards, also modern engineering solutions are applied there. The office complex has been granted a BREEAM Excellent certificate and is awarded the Best Office Development in the Baltics (2018) and the Most Vibrant Workplace in Central and Eastern Europe (2019).
UAB M.M.M. projektai is a real estate development and management company operating in Central and Eastern Europe, owned by the holding UAB Vilniaus prekyba. The company’s net asset value exceeds EUR 166 million. Eastnine is a Swedish investment company, which is a major investor in office buildings in the Baltics. Eastnine’s shares are listed on the Stockholm Stock Exchange (Nasdaq Stockholm).
Thank you for joining our mailing list
Subscribe to our newsletter and get latest updates on legal news.