Advised Releven on landmark EUR 50 million EBRD investment into Lithuanian real estate sector

We have acted as Releven’s legal advisor in one of the most significant real estate investment transactions in Lithuania to date. The European Bank for Reconstruction and Development (EBRD) has committed up to EUR 50 million in equity to a newly established joint venture with Releven, marking the largest EBRD equity injection in Lithuania’s real estate sector’s history.

The transaction is designed to support Releven’s long-term development strategy in Vilnius, enabling the implementation of multiple high-quality residential and mixed-use projects that align with the principles of sustainability, energy efficiency, and modern urban design. This strategic partnership provides a strong financial foundation for Releven’s ongoing expansion and reinforces investor confidence in Lithuania’s maturing real estate market.

Our team advised Releven over a multi-year process, beginning with the letter of intent (LOI) and continuing through to the signing of definitive agreements. Throughout this time, we supported the client in navigating a complex negotiation landscape involving institutional standards, evolving deal terms, and multiple regulatory and structuring considerations. Our role also included review and negotiation of transaction documentation, including the Shareholders’ Agreement, Subscription Agreement, and other investment instruments, structuring advice on governance, rights and obligations of the parties, exit mechanics, and protective provisions within the joint venture framework.

Given the scale, complexity, and duration of the process, the successful signing of this transaction reflects the strong alignment between Releven’s development ambitions and EBRD’s institutional investment mandate. Our team’s role in bridging those interests, while safeguarding our client’s strategic position throughout, demonstrates our capacity to handle long-term, high-impact projects involving international financial institutions.