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SPC Legal Advises Nuomos Verslas on Acquisition of Warehouses

SPC Legal Advises Nuomos Verslas on Acquisition of Warehouses

Lithuania
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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.

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We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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