TGS Baltic advised UAB XXT, controlled by UAB M.M.M. projektai

14.02.2019 TGS Baltic advised UAB XXT, controlled by UAB M.M.M. projektai

TGS Baltic advised UAB XXT, controlled by UAB M.M.M. projektai, on selling the S7 office complex to Eastnine, a Swedish investment company. The transaction is a record transaction in the office real estate segment in the Baltic States and by far the largest acquisition of commercial real estate in recent years.

TGS Baltic advised the client on all legal issues related to the transaction, including performing legal due diligence and preparing transaction documents. Also, TGS Baltic Real Estate team continues to consult the client on the completion of this transaction and construction of stage IV of the S7 office complex.

The office buildings with the leased area of 42,500 sq. m satisfy the highest environmental protection standards. The S7 office complex has been awarded the BREEAM Excellent certificate and the Best Office Development in the Baltics (2018), as well as the Most Vibrant Workplace in Central and Eastern Europe (2019).

UAB M.M.M. projektai is a real estate development and management company operating in Central and Eastern Europe, owned by a holding UAB Vilniaus prekyba.