OREANDA-NEWS. February 08, 2011. SORAINEN Latvia assisted Alfa Properties Investment, the Latvian subsidiary of a Cypriot investment company, in acquiring a 75 apartment residential building from a major privately owned bank in the Baltic region, reported the press-centre of SORAINEN.

Assistance involved legal due diligence of the real estate, structuring the transaction, drafting the purchase agreement and reviewing the agreement on earnest money, escrow account agreement and additional documents, also covering negotiations between the parties and transfer of the real estate. The deal, valued at almost EUR 4 million, was completed in January 2011.

The client was advised by partner Girts Ruda and associates Laura Medvida and Jekaterina Badejeva.