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Deloitte Legal Advises IKEA Group Companies on Construction Loan and Overdraft Facility from SEB Banka

Deloitte Legal Advises IKEA Group Companies on Construction Loan and Overdraft Facility from SEB Banka


Deloitte Legal has advised IKEA group companies SIA Verus Praedium and SIA Paul Mason Properties regarding a construction loan and overdraft facility, both from SEB Banka.

SEB banka financed the EUR 35.4 million loan made to SIA Verus Praedium for construction of IKEA Riga shop and the EUR 5 million overdraft facility made to SIA Paul Mason Properties.

According to Deloitte Legal, it "participated in the negotiation over the terms and conditions of the construction loan and overdraft agreements as well as negotiation terms and conditions of the security documentation." The firm's team was led by Associated Partner Maris Liguts, supported by Senior Associate Ivita Samlaja.

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