GLIMSTEDT advised ICOR on the sale of Office Property Pentagon in Vilnius to Technopolis

Finnish real Estate group Technopolis has acquired the office property Pentagon under construction in Vilnius neighboring Technopolis campus in Ozas area, the building with a gross leasable area of approximately 13,800 square meters. In addition, the company has signed a sale and purchase agreement to acquire a neighboring land plot.

The total investment value of the deal is approximately EUR 32 million.

Law firm GLIMSTEDT advised ICOR on all legal matters relating to the transaction: structured the deal, drafted the transaction documents, represented the client in negotiations, provided other legal support on various transaction related legal matters. GLIMSTEDT team was led by partners Egidijus Bernotas and Andrius Ivanauskas.

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