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Glimstedt and Sorainen Advise on Sale of Pentagon Office Building

Glimstedt and Sorainen Advise on Sale of Pentagon Office Building

Lithuania
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Glimstedt has advised the Icor group on its sale of the Pentagon office property and nearby area in Vilnius to the Finnish real estate group Technopolis. Sorainen advised the buyers on the transaction, which was valued at around EUR 32 million.

The building has a gross leasable area of approximately 13,800 square meters. According to Sorainen, "acquisition of the building is already under contract, while acquisition of the area is expected to be completed by the end of 2017."

The Glimstedt team was led by Partners Egidijus Bernotas and Andrius Ivanauskas.

The Sorainen team consisted of Partner Kestutis Adamonis, Counsel Mantas Petkevicius, and Associates Mantas Kuslys and Lina Stropute.