Pontos Acquisition of Babilonas Shopping Mall

01.01.2012 Pontos Acquisition of Babilonas Shopping Mall

TGS Baltic advised Estonian subsidiaries of Pontos Group in the acquisition of the biggest shopping centre in Panevėžys, Lithuania (27,000 sq.m.), from the Carpathian Properties S.a.r.l. fund.

The transaction was structured as a share deal in which the buyer acquired 100% of shares in a special purpose company, UAB Mulga, which is the owner of the property. The firm provided full scope transaction service and successfully handled other related legal and procedural matters.

Pontos is a family-owned private equity and real estate investment company operating in Finland, the Baltic States and Russia. The net value of its portfolio is in the range of 150-200 million euros.