Deals and cases

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.

Infrastructure-related SCC arbitration between the Latvian company AS BMGS and AB Klaipėdos nafta regarding the EPC contract

AB Klaipėdos nafta was responsible for and successfully implemented the challenging project for the construction of the Liquefied Natural Gas Terminal (LNG Terminal). Due to dependence on the sole source of supply of natural gas and risks associated with it, Lithuania needed to develop infrastructure, which would enable alternative supply of natural gas. The LNG Terminal was the most appropriate type of infrastructure, ensuring the opening of the natural gas market and security of supply of natural gas to Lithuania.

TGS Baltic represented Baltcap Infrastructure Fund in a EUR 16 million biomass plant development deal

TGS Baltic represented BaltCap Infrastructure Fund (BInF) that signed an engineering, procurement and construction (EPC) contract with Axis Technologies for developing a BInF-financed project – a biomass plant in Vilnius, near Gariūnai.

TGS Baltic advised Schage Real Estate on selling office building Vytenio 4

TGS Baltic was the main legal advisor to "Schage Real Estate" on the sale of the office project "Vytenio 4". The transaction included sale of 100% of "Vytenio 4" shares.

TGS Baltic advised a private investor in sale of the shares in UAB Verslama

TGS Baltic advised a private investor in sale of the shares in UAB Verslama, which develops a new construction project in Vilnius city. Our assistance included drafting and negotiating transaction documents, as well as complete assistance in achieving conditions precedent and closing the transaction.

TGS Baltic advised Micro Matic on acquisition of a land plot and factory buildings in Kaunas

TGS Baltic advised Micro Matic, which is a worldwide market leader in the supply of keg spears and dispense heads to the brewing industry, on acquisition of a land plot and factory buildings in Kaunas and also financing of the respective transaction.

Large-scale real property consolidation and sale projects in the centre of Vilnius completed successfully

Two large-scale real property consolidation and sale projects regarding an area of 2 hectares in the centre of Vilnius have been completed successfully with the assistance of law firm TGS Baltic. The first project was successfully finished at the end of 2015 and the second one – in the beginning of 2016.

Sweden's Skandia to open Thule operations centre in Lithuania

TGS Baltic has advised Skandia, one of the largest Sweden's banking and insurance groups, on the establishing a new operations centre in Vilnius.

Sale of Assets of Ūkio Bankas

AB Ukio Bankas, one of the major Lithuanian banks, had its activities suspended and was put under administration due to liquidity problems in February 2013.

Ūkio Bankas Bankruptcy Administrator Comprehensive Advice

TGS Baltic was appointed to handle all legal issues related to the bankruptcy of AB Ukio Bankas, a major Lithuanian bank that went bankrupt in 2013.