OREANDA-NEWS. January 21, 2015. SORAINEN advised real estate development company MG Valda on the sale of its shares in the company owning the North Star business centre with a gross area of ca 10,500 m2.

The shares were acquired by the investment management company Prosperus Real Estate Fund I. Transaction value is EUR 18.5 million.

MG Valda is a part of MG Baltic, one of the largest groups of companies in Lithuania, engaged in the retail and wholesale, logistics, manufacturing, media, real estate development and management, construction and telecommunications industries.

SORAINEN advice included structuring the transaction, assistance negotiating terms and conditions, preparing transaction documents and consulting on tax aspects.

The client was advised by partner Ausra Mudenaite and senior associate Giedre Frolenkiene.