Real Estate Transactions

Real Estate Real Estate Transactions

"TGS Baltic acts on some of the largest real estate transactions in the Baltics." 

Real estate transactions require multidisciplinary expertise, including transaction structuring, tax, regulatory, private equity, financing and M&A knowledge and skills. We provide a single point of contact for all these different issues and ensure comprehensive solutions. Our experts take an active role from the early stages of the transaction in order to identify all relevant issues and propose solutions that are the best fit for each business case.

We step beyond pure legal advice and take an active part in the transaction and project management process. Acting for the best interests of the client, we build an understanding of the values and risk points of the parties involved in order to concentrate the negotiation effort on the key issues. Our real estate expertise extends to development financing, acquisitions, co-investment arrangements, exits, changing of leverage level, workouts, sale and leaseback transactions, and other areas.

We work on a continuous flow of major real estate transactions, both local and cross-border. Our clients include local and international real estate developers, institutional and private equity investors, property owners, joint ventures, and co-investment parties.

Major Deals

  • 20.05.2019

    Transfer of Vilnius City heating infrastructure

    In 2002, AB Vilniaus Šilumos Tinklai leased the heat and electricity production infrastructure of Vilnius City to UAB Vilniaus Energija for a period of 15 years. The leased infrastructure consisted of several power plants and all supporting infrastructure.

     

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  • 20.05.2019

    TGS Baltic represents the clients in the ongoing dispute against UAB Litesko

    In 2001, the Alytus City Municipality and company controlled by it UAB Alytaus šilumos tinklai leased the heat production infrastructure of Alytus city to UAB Litesko for a period of 15 years and assigned the heat and hot water supply activity in the respective territory to the lessee. In 2005, the parties agreed to extend the lease agreements for ten years, i.e. for the period until 2026. In 2007, the parties agreed on additional investments into a biofuel plant.

     

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  • 28.02.2019

    TGS Baltic advised one of the world’s leading producers of scientific lasers Light Conversion

    TGS Baltic advised one of the world’s leading producers of scientific lasers Light Conversion, UAB on the sale of the real estate (a part of the structures previously acquired from AB Dvarčionių keramika, a company undergoing bankruptcy procedures) to a hi-tech company UAB Eksma.

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  • 08.12.2017

    Infrastructure-related SCC arbitration between the Latvian company AS BMGS and AB Klaipėdos nafta regarding the EPC contract

    AB Klaipėdos nafta was responsible for and successfully implemented the challenging project for the construction of the Liquefied Natural Gas Terminal (LNG Terminal). Due to dependence on the sole source of supply of natural gas and risks associated with it, Lithuania needed to develop infrastructure, which would enable alternative supply of natural gas. The LNG Terminal was the most appropriate type of infrastructure, ensuring the opening of the natural gas market and security of supply of natural gas to Lithuania.

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  • 11.07.2017

    TGS Baltic represented Baltcap Infrastructure Fund in a EUR 16 million biomass plant development deal

    TGS Baltic represented BaltCap Infrastructure Fund (BInF) that signed an engineering, procurement and construction (EPC) contract with Axis Technologies for developing a BInF-financed project – a biomass plant in Vilnius, near Gariūnai.

     

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  • 05.06.2017

    TGS Baltic advised Schage Real Estate on selling office building Vytenio 4

    TGS Baltic was the main legal advisor to "Schage Real Estate" on the sale of the office project "Vytenio 4". The transaction included sale of 100% of "Vytenio 4" shares.

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Awards & Recognition

  • Chambers and Partners

    "The team is efficient and well co-ordinated, and always looks at the bigger picture."

    Chambers and Partners
  • Chambers and Partners

    "This department is commended for its work for real estate developers, shopping centre operators and banks."

    Chambers and Partners
  • Chambers and Partners

    "This regional firm maintains strong Baltic coverage and presence in the market."

    Chambers and Partners

Team

Key Contacts