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

14.04.2021 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.

Our team represented the client by coordinating the shareholders’ agreement with the co-investor and the agreement with the company ensuring the development of the real estate object.

Our lawyers also assisted Evernord on establishing a third closed-end investment fund for informed investors, which was open to a limited number of pre-selected individuals.

The project was led by partners Agnius Pilipavičius and Aurimas Pauliukevičius together with senior associate Karolina Lapinskaitė, junior associate Elvinas Kižys and legal assistant Kotryna Visockytė.