Our corporate team advised a real estate company co-owned by Kesko Senukai and Zabolis Partners in selling shopping centers located in Vilnius to the Finnish special mutual fund Titanium Baltic Real Estate. The transaction was structured as a share deal.
Our team led this transaction from the seller’s side in all transaction stages and was assigned to lead the negotiations, revise the share purchase agreement along with the rest transaction documentation, and successfully represented the client in the closing of the transaction.
“This transaction allowed to achieve a record return in the DIY Real Estate segment – after completing the cycle of these investments KS Holding UAB has generated more than 20% of annual return for investors. This confirms the sustainability of our partners’ business model, its resilience to economic cycles, and the attractiveness of real estate linked to Kesko Senukai to the international investors”, – said Saulius Merkys, CEO of KS Holding UAB.