Lords LB fund buys Technopolis offices in Vilnius

The investment manager Lords LB Asset Management has agreed with the international capital real estate management company Technopolis Lietuva on the purchase of 6 office buildings Technopolis Ozas in Vilnius Ozas Park. According to the press release, this would be the biggest real estate transaction in the Baltic countries this year, which will be completed after receiving the approval of the Competition Council.

For this transaction, SEB and Swedbank banks provided a loan of MEUR 125 in equal shares.

Technopolis has been operating the Technopolis Ozas office city since 2013, with more than 140 clients located there.

Baltic Opportunity, a closed-end investment company for informed investors, was established this October. It invests in office buildings in the Baltic States and Poland.

COBALT Partner Eva Suduiko and Managing Associate Aurelija Balčiūnė worked on this transaction. The lawyers advised original lenders of Technopolis group, who provided a financing of more than MEUR 900 several years ago.