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Cobalt Advises Capital Mill on Sale of Industrial Property in Riga to Proks Capital

Cobalt Advises Capital Mill on Sale of Industrial Property in Riga to Proks Capital

Latvia
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Cobalt has advised Baltic real estate developer Capital Mill on the sale of its 3.3-hectare industrial property located at Granita Iela 17, in Riga, to Proks Capital in a share transaction.

The total area of the developed industrial park is 10,567 square meters. The sole tenant of the property is Antalis, a European distributor of paper, packaging, and visual communication solutions owned by the Japanese Kokusai Pulp & Paper Group.

According to Cobalt, "this is one of the largest industrial property transactions in Latvia in 2023, both by area and by value."

The Cobalt team included Managing Partner Dace Silava-Tomsone, Senior Associate Diana Zepa, and Associate Vadims Zvicevics.

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