One of the largest real estate transactions in Latvia in 2023

Uldis Judinskis

In Real Estate Posted December 21, 2023

drill. played a significant role in one of the largest real estate transactions in 2023. drill. partner Uldis Judinskis and senior associates Arturs Smirjagins and Margarita Ivanova successfully assisted Indexo Real Estate Fund AS in the acquisition of 2 prominent shopping centres in Riga and Tukums for an impressive EUR 25 million.Our team provided a full range of legal services to the buyer during the acquisition process, including legal due diligence.

At the time of the transaction, the portfolio of Indexo Real Estate Fund, managed by Provendi Asset Management, comprised 5 properties in residential and commercial segments with a total lettable area of 22,857 square metres and a gross value of EUR 50.5 million.

Read more at: https://indexore.lv/en/news/indexo-real-estate-fund-acquires-two-shopping-centres-in-riga-and-tukums-for-eur-25-million