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Cobalt Advises Hepsor on Acquisition of Commercial Property in Riga

Cobalt Advises Hepsor on Acquisition of Commercial Property in Riga

Latvia
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Cobalt has advised Hepsor on its EUR 3.6 million acquisition of the 30,624 square-meter Ganibu Dambis 17A commercial property in Riga from unidentified sellers.

According to Cobalt, “the property has 13 buildings of different commercial functionality and approximately 70% of its total area is covered by lease agreements. The new space will be developed in accordance with the Hepsor green approach. The developer plans to build a business complex with extensive opportunities including stock-office buildings, offices, warehouses, and retail space. The total project volume is approximately 25,000 square meters, and the completion of the entire project is expected in 2025.”

Hepsor Ganibu Dambis is a subsidiary of real estate developer Hepsor AS.

Cobalt’s team included Managing Partner Dace Silava-Tomsone, Senior Associate Juta Meimere, and Associate Krista Helmute.

Cobalt was unable to disclose further information on the deal.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.