TGS Baltic represented KS Investicija in acquisition of Vilijos parkas

20.04.2018 TGS Baltic represented KS Investicija in acquisition of Vilijos parkas

TGS Baltic advised KS Investicija in conclusion and closing of the transaction of acquisition of 100 percent of shares in company Vilijos parkas, which controls a logistics center, from the commercial real estate development company Ogmios grupė.

Partner Marius Matonis, Of Counsel Donatas Zdanavičius and Associate Giedrius Svidras at TGS Baltic, were the main advisors to KS Investicija in this process on transaction-related legal issues. The team performed a legal due diligence review, drafted transaction documents, represented the buying party in the negotiations and assisted in closing of the transaction.

The logistics center Vilijos parkas, which is developed in Vilnius, consists of warehousing premises of almost 21,000 m2 and administrative premises of 2,000 m2, which are still rented by Eugesta – another company controlled by KS Investicija.

KS Investicija is owned by Kęstutis Stabingis, who controls a wholesale company Eugesta and a restaurant chain Fortas.

Ogmios grupė is a commercial real estate development and management company, managing commercial real estate with the area of over 300,000 m2. The company holds such objects as the shopping and entertainment complex Ogmios miestas in Vilnius, shopping centers Bruklinas in Šiauliai and Babilonas in Panevėžys, warehouses and commercial premises in Vilnius and Klaipėda.