Deals and cases

TGS Baltic assisted SIA Lielais lauks with selling a strategic land plot to SIA Kinetics Nail Systems to construct a new factory.

On 11 January 2024, SIA Lielais lauks completed the sale of a strategic land plot (3.1858 ha) to SIA Kinetics Nail Systems necessary for the construction of a new factory. The transaction value is EUR 460,000.

TGS Baltic assisted SIA DARDA in selling the land plot in a strategic location in the centre of Riga, the capital of Latvia, to SIA Satekles Business Center 2 for the development of a new office complex.

TGS Baltic assisted SIA DARDA in selling a strategically positioned land plot (total area 3,777 sq.m.) in a central district of Riga, the capital of Latvia, adjacent to the railway station and Rail Baltica infrastructure, to SIA Satekles Business Center 2 (previously Linstow TOBRE, SIA). The transaction value is EUR 1.3 million.

TGS Baltic assited Baltisches Haus in creating a long-term cooperation with Ignitis Group

Ignitis and Baltisches Haus have entered into a strategic partnership agreement to completely overhaul electric vehicles (EV) charging infrastructure in Baltisches Haus real property portfolio.

TGS Baltic represented Vatubela in a resonance civil case

This case concerns the legality of a transaction for the sale of state land and the consequences of the nullity of such a transaction.

TGS Baltic assists Moller Mobility group with the construction of a new Audi centre at Ulmaņa 115, Riga

TGS Baltic assists with constructing a new Audi centre at Ulmaņa 115, Riga. Due to the difficult external conditions, the previous contractor could not overcome, the project had to search for a new contractor and replace the previous one.

TGS Baltic assisted Invego OU in relation to their rapid expansion in Latvia.

TGS Baltic has been engaged by Estonian origin real estate developer Invego OU in relation to their rapid expansion in Latvia.

TGS Baltic represented the real estate development company SIA City Development Company in the land sale transaction to ESTMAK CAPITAL OÜ group company SIA Riga Properties 3.

TGS Baltic helped the real estate development company SIA City Development Company to sell four real estates in Avoti, the south-eastern part of the historical centre of Riga. 

TGS Baltic assisted Galio Group in acquiring commercial building from GROA Real Estate Fund I

Galio Group agreed to buy one of the "Maxima" stores from GROA Capital in the Balsiai district of Vilnius.

TGS Baltic provided legal assistance to Viaplay in Latvia in relation to moving to new premises

TGS Baltic provided legal assistance to one of the leading media and entertainment companies in Latvia in relation to moving to new premises.

TGS Baltic advised Evernord Asset Management on establishing a new fund and investing in a real estate object in Riga

It was our pleasure to advise Evernord Real Estate Fund III, a fund managed by Evernord Asset Management, an investment firm based in Vilnius, Lithuania, on the acquisition of a 65% stake in Novira Plaza, a EUR 55 million worth business centre in Riga.

TGS Baltic advised Moller Real Estate Baltic AS on selling of Audi and Volkswagen dealership buildings in Vilnius

TGS Baltic represented Norwegian company Moller Real Estate Baltic AS on the sale of Audi and Volkswagen dealership buildings in Vilnius via share deal of 100% of shares in SPV’s. The shares were acquired by the real estate fund UAB Eika Real Estate Fund managed by the management company UAB Eika Asset Management.

TGS Baltic represented real estate company AS Retail Mežaparks in the largest land sale transaction to SIA Plesko Real Estate for the construction of Rimi supermarket.

TGS Baltic represented real estate company AS Retail Mežaparks in the largest land sale transaction to SIA Plesko Real Estate for the construction of Rimi supermarket.

TGS Baltic represented SIA "GLD Company" in a real estate sale transaction in Mārupe

TGS Baltic represented SIA "GLD Company" in a real estate sale transaction in Mārupe – one of the most demanded building districts near Riga, capital of Latvia.

TGS Baltic advised Moller Real Estate Baltic AS on the acquisition of real estate in Riga near the Riga International Airport.

TGS Baltic provided full legal support to Moller Real Estate Baltic AS in the acquisition of a land plot of 2.311 ha in Riga near the Riga International Airport and a former British American Tobacco Latvia office-warehouse building located on it for further expansion of Møller Mobility Group car dealer network.

TGS Baltic – part of the largest office deal in the history of the Baltics worth EUR 156,1 m

Deka Immobilien, a German real estate manager, acquires from Norwegian Schage Eiendom AS the Quadrum BC in Vilnius, Lithuania. This sale represents the largest office transaction ever in the Baltic region and it is expected to close within about two months, subject to competition authority approval.

TGS Baltic advised on the transfer of UAB KS Investicija shares and on signing the biggest office space deal in the Baltics with UAB Tesonet

Transfer of Vilnius City heating infrastructure

In 2002, AB Vilniaus Šilumos Tinklai leased the heat and electricity production infrastructure of Vilnius City to UAB Vilniaus Energija for a period of 15 years. The leased infrastructure consisted of several power plants and all supporting infrastructure.

TGS Baltic represents the clients in the ongoing dispute against UAB Litesko

In 2001, the Alytus City Municipality and company controlled by it UAB Alytaus šilumos tinklai leased the heat production infrastructure of Alytus city to UAB Litesko for a period of 15 years and assigned the heat and hot water supply activity in the respective territory to the lessee. In 2005, the parties agreed to extend the lease agreements for ten years, i.e. for the period until 2026. In 2007, the parties agreed on additional investments into a biofuel plant.

TGS Baltic advised one of the world’s leading producers of scientific lasers Light Conversion

TGS Baltic advised one of the world’s leading producers of scientific lasers Light Conversion, UAB on the sale of the real estate (a part of the structures previously acquired from AB Dvarčionių keramika, a company undergoing bankruptcy procedures) to a hi-tech company UAB Eksma.