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

26.08.2020 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 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.

The principal transaction work and negotiations took place at the time of high spread of Covid-19, which required TGS Baltic to come up with novel solutions to ensure successful preparation, conclusion and completion of the transaction.

The team working on the various aspects of the project included Partner Linda Štrause, Associates Aija Kreicberga and Reinis Grunte, as well as Certified Tax Advisor Rūdolfs Vilsons.

Moller Real Estate Baltic AS is a real property developer owned by Møller family with the turnover MNOK 400 and portfolio value MNOK 13,000.

Møller Mobility Group, the leading car group in the Nordic and Baltic countries and one of the largest car companies in the northern Europe. The group’s dealers sell such brands as Audi, Volkswagen, ŠKODA and SEAT.

TGS Baltic is a top tier full-service business law firm in Latvia, Estonia and Lithuania employing 150+ lawyers across the Baltics. http://tgsbaltic.com/