COBALT advised VAS Valsts nekustamie ipasumi in acquisition of shares in SIA Biroju centrs Ezerparks

As a result of purchase of 68.5% of shares of SIA Biroju centrs Ezerparks, VAS Valsts nekustamie ipasumi (state owned company charged with management of all the state owned real estates) has acquired sole control of the company owning administrative building at Talejas 1, Riga. Talejas 1 is a state of the art building with the total area of 40,000 m2, commissioned back in 2014 and purpose-built to house central operations of the State Revenue Service, including tax and customs authorities. The construction costs of the building reached EUR 55 million.

COBALT team led by Managing Partner Lauris Liepa and Partner Indrikis Liepa drafted transaction documents, including share purchase agreement and represented the client in negotiations.

Back in 2013 COBALT team advised VAS Valsts nekustamie ipasumi as the public partner in the public-private partnership developing the the same building.