Raidla Ellex and Valiunas Ellex have advised Laurus Properties on its acquisition of the Baltic commercial real estate portfolio from Geneba Properties N.V. According to Raidla Ellex, the portfolio consists of 42 commercial buildings, mostly consisting of the Baltic branches of SEB.
Laurus is a joint venture established between Northern Horizon and the clients of Partners Group to invest into and manage the commercial property in the Baltics and Gdansk, Poland.
The Raidla Ellex team in Estonia was led by Partner Martin Triipan and included Associates Alla Kuznetsova and Martin Maesalu and Lawyer Kaspar Kolk.
The Valiunas Ellex team in Lithuania was led by Partner Tomas Milasauskas, Senior Associate Akvile Bieliauskaite and Associate Donata Montvydaite.
Editor’s Note: After this article was published COBALT announced that it advised Geneba Properties on the deal. The firm’s team consisted of Partner Gatis Flinters and Associate Marija Berdova in Latvia, Senior Associate Nerijus Jurkus in Lithuania, and Partner Aivar Taro and Senior Associate Triin Ploomipuu in Estonia.