SPC Legal has advised UAB Nuomos Verslas (an investment vehicle owned by the majority shareholders of AB Freda) on its acquisition of 100% of shares of a company holding two warehouses with a total area of 13.000 square meters. Financial details were not disclosed.
According to SPC Legal, one of the two storage spaces is fully completed and leased out, while the second warehouse is under construction and should be completed later in the year.
According to SPC Legal, "the Sellers agreed to complete the project after the share sale: "i.e. to finance and manage (coordinate) construction process and to find tenants after completion."
The SPC Legal team consisted of Partner Mindaugas Rimkus and Senior Associate Dovidas Vainorius.