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Europe Guide

Real Estate — Lithuania


Sorainen - Real Estate Department

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Band 1

第一等

Chambers Commentary (based on the Chambers research)

What the team is known for Exceptional real estate offering that covers high-value real estate investments, acquisitions and management mandates, together with construction projects and related zoning and environmental issues. Advises major domestic businesses as well as global investors, developers and creditors. Highly active in the pan-Baltic market.

Strengths Clients highlight its "specialisation in different areas" which "allows them to share knowledge and to be able to solve even the hardest and most complicated legal issues."

Interviewees appreciate the firm's "experience in the real estate market."

Work highlights Advised CPA®:17 - Global on the acquisition of a logistics facility in Kaunas and a 15-year lease agreement with Kesko Senukai. The net lease investment for the logistics centre is valued at EUR60 million.

Negotiated Lidl Lithuania's settlement agreement with Vilnius City Municipality, the Architects Association of Lithuania and the Department of Cultural Heritage in a dispute over the architectural value of a former police building and whether or not it should be considered as a heritage site.

Notable practitioners

Kęstutis Adamonis represents developers and financiers on investment transactions while heading the firm's regional real estate and construction practice. Clients emphasise his commercial ability, stating: "He doesn't just stick to the legal and forget the commercial aspects. He understands the commercial possibilities and is creative with his proposals."

According to interviewees, Aušra Mudėnaitė "can analyse each separate case in great detail and stick to a deadline." Sources highlight her litigation and development practice and she is also noted for construction and territory planning issues. She represented Promola in a dispute with the State Prosecutor's Office and the National Land Service over the legality of using leased, state-owned land for development. Promola's total planned investment is approximately EUR200 million and includes the Žalgiris Stadium and Marriott hotel.

About the Team (content provided by Sorainen)

Department profile not yet provided by Sorainen. Please see their firm profile.

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COBALT - Real Estate Department

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Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Highly regarded for advising clients on contentious and non-contentious real estate matters as well as regulatory issues. Active in PPP projects and boasts an impressive client portfolio of leading infrastructure companies, institutional investors and developers. Noted for its expertise in infrastructure development, advising on related transactional and regulatory issues, particularly within the energy sector.

Strengths One client lauds the team's level of service, saying: "It's very easy to communicate with them."

Another values its "presence throughout the Baltics" and "their hands-on and commercially driven approach."

Work highlights Advised Lords LB Special Fund III on its acquisition of Vilniaus miesto projektai, which manages Audėjas's former factory in Vilnius, which will be developed into a 45,000 sq m shopping centre.

Acted for EIKA group on PPP tender projects for the Police Department, including the provision of new police headquarters in Kaunas and in Panevėžys.

Notable practitioners

Simona Oliškevičiūtė-Cicėnienė heads the real estate and infrastructure practice, advising on real estate and investment transactions as well as public procurement. She advised RB Rail AS, Rail Baltica statyba, Lietuvos geležinkeliai AB and the Ministry of Transport and Communications on the development of the EUR12 billion Rail Baltica project. One client comments: "All contracts prepared are done to a high professional standard. I haven't found any weaknesses in her and she is a hard worker. If I ask for something to be done for tomorrow morning, she always does it."

Aušrys Šliavas acts on real estate M&A, often representing significant investors, as well as on construction, PPP and privatisation issues. He played a key role in advising DAO AM on the acquisition of a 350,000 sq m shopping centre.

About the Team (content provided by COBALT)

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Ellex Valiunas - Real Estate Department

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Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Strong real estate offering. Regularly advises investors, retail developers and global corporations on multi-jurisdictional transactions, particularly in the pan-Baltic region, as well as on large real estate project developments. Additionally, advises on construction and environment matters. Active in the forestry and agribusiness sectors.

Strengths Clients praise the department's lawyers, who "find a way to get results and have the confidence to point out risks and mistakes."

Another source values their "experience and understanding of the real estate market," while another adds: "This is definitely a top-level law firm, and they know the real estate business very well."

Work highlights Acted for Eastnine on the development of a high rise in Vilnius's central business district and a built-to-suit lease concerning 8,000 sq m of the development for the anchor tenant Swedback.

Advised Baltic Retail Properties on the pooling of Kesko-Senukai DIY operated real estate assets within Lativa and Lithuania into one pan-Baltic portfolio. The firm also advised Baltic Retail Properties' shareholders on the sale of 70% of this portfolio to WP Carey and Kesko.

Notable practitioners

Indrė Jonaitytė-Gricė is the head of the firm's transactional real estate group, and also advises on investments and property management issues. She is one of the lead partners advising Lords LB Asset Management on the last transaction of the Lords LB Baltic Fund I, the sale of a 13,600 sq m shopping centre in Kaunas, as well as assisting on a number of developments in its EUR310 million property portfolio.

Evaldas Klimas is described as "very good at construction, regulatory and zoning and planning issues," and often advises on construction projects from beginning to completion. He was one of the key team members advising the Eastnine on its development in Vilnius's central business district of its third high rise, which has 23 floors and a total leasable area of 13,000 sq m.

Donata Montvydaitė advises on structuring transactions and alternative real estate investments as well as property management and leasing. She assisted with advising Lords LB Asset Management on the sale of a shopping centre in Kaunas, as well as a number of developments which will add to its overall property portfolio.

About the Team (content provided by Ellex Valiunas)

We offer a full range of services in areas including acquisitions and disposals, construction, financing, land use, planning and development, leasing, environmental law, insurance, and taxation. Our clients benefit from our significant experience in orchestrating complex, long-term projects that involve drafting documentation, facilitating negotiations, navigating legal and regulatory issues, and litigating on their behalf. The breadth of our client base provides us with knowledge, enhanced by hands-on experience from all perspectives. 

We have mastered the local intricacies of law related to real estate, but we also know how to combine it with a broader international-minded approach. Our experts form the only truly specialized environmental law team in the market that provides comparative regulatory advice and supports transactional activities of our clients.


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TGS Baltic - Real Estate Department

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Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Strong reputation for representing clients in the energy sector on regulatory, leasing and construction issues, including territory planning. Extensive experience of advising on property transactions as well as related litigation.

Strengths Referees are impressed by the "comprehensive approach and resources to offer full service and high quality."

One client is satisfied that "they are business-minded, very efficient and results-oriented."

Work highlights Advised East Capital on investment opportunities in Eastern Europe, including its acquisition of Vertas from Laurus Properties UAB, a subsidiary of Northern Horizon Capital, in a matter valued at EUR29 million.

Acted Biotechpharma on its acquisition of land for the EUR200 million construction of Celltechna's factory complex, including the implementation of the construction agreement with AB Panevėžio statybos trestas.

Notable practitioners

Dainius Stasiulis is noted for his infrastructure and PPP project expertise, as well as for his construction and real estate dispute practice. He advised State Enterprise Lithuanian Airports on the reconstruction of the runway of Vilnius Airport, including building permits, design and contractor issues. Clients appreciate his "good understanding of practical situations, what the problematic issues are and, if you have some complicated problem which is difficult to put into an understandable agreement, he has a talent for putting the right wording in a simple way so everyone can understand it."

About the Team (content provided by TGS Baltic)

Commercial and industrial property transactions are the cornerstone of our real estate expertise, including development financing, acquisitions, co-investment arrangements, exits, changing of leverage level, workouts, sale and leaseback transactions and other. We will help you to buy and sell properties for development projects, commercial and residential properties.

We step beyond pure legal advice and take an active part in the transaction and project management process. Acting for the best interests of the client, we build an understanding of the values and risk points of the parties involved in order to concentrate the negotiation effort on the key issues.

We work on a continuous flow of major real estate transactions, both local and cross-border. Our clients include local and international real estate developers, institutional and private equity investors, property owners, joint ventures and co-investment parties.

ADVICE AND REPRESENTATION ON:

  • structuring of real estate acquisition
  • taxation of property and transactions
  • real estate due diligence
  • acquisition financing and refinancing
  • negotiation of advisory mandate contracts
  • co-investment arrangements
  • negotiation of transactions
  • warranty and indemnity insurance
  • operation and property management contracts
  • lease negotiations
  • sale and lease back arrangements
  • real estate investment restructuring

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AKJ CONSULTUS - Real Estate Department

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Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Boutique real estate and construction firm. Covers acquisitions, greenfield development, sales and leases. Specialist expertise in zoning, planning and PPP as well as regulatory matters within the heritage protection, environmental and energy sectors.

Strengths Clients highlight the "great input of younger lawyers of the firm" and praise the "excellent results of the firm's strong teamwork."

A referee comments that they trust the firm "since I know that the work will be done in a timely manner and professionally by highly qualified lawyers," adding: "The lawyers are always aware of current issues and latest legislation in the real estate area. Therefore I always receive appropriate, relevant and high-quality legal services."

Notable practitioners

Audrius Kairevičius is noted for his expertise in territory planning and design procedures as well as construction and transactional matters. Clients praise his ability to "quickly get to the bottom of the issue. He is an excellent strategist and can promptly offer the most suitable solutions based on the best professional practice, current legislation and customer expectations," adding: "His professional and personal qualities help to give him an advantage in resolving complicated legal issues and disputes."

About the Team (content provided by AKJ CONSULTUS)

Department profile not yet provided by AKJ CONSULTUS. Please see their firm profile.

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Averus - Real Estate Department

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Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Well-regarded team that represents both local and international clients in real estate transactions and construction issues, including land planning matters. Considerable expertise in handling free economic zone matters and increasingly active on PPP projects and related financing.

Strengths One client says that the team is "very responsive, cares about our business, and is very close to the client, which is much appreciated," while another says: "They are very fast, diligent and business-minded. That's everything we need."

Referees underline the lawyers' "good understanding and up-to-date information about future legislation changes."

Work highlights Represented the Lithuanian Association of Free Economic Zones on proposals and drafts on fundamentals of free economic zone and corporate tax law in order to facilitate further greenfield investments in Lithuania.

Advised Kaunas Free Economic Zone Management on leasing 10 hectares of land to Hella to build its new manufacturing facility, as well as additional agreements with Kaunas Regional Municipality for additional public infrastructure and with the State Road Administration for the reconstruction of nearby roads.

Notable practitioners

Povilas Karlonas has significant expertise advising on economic zone matters in addition to PPP, PFI and development projects. One interviewee notes: "He is very professional and discreet but not afraid to give his opinion on a matter - which may not be the one we want but is correct and true. He understands the commercial aspects of construction and this really helps to understand our needs and to structure our objectives."

About the Team (content provided by Averus)

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Eversheds Saladžius (a member of Eversheds Sutherland) - Real Estate Department

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Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Highly regarded group that advises clients on significant real estate investment mandates, cross-border portfolio management and fund structuring. Offers local expertise in combination with its global resources on a variety of leasing and transactional issues, acting for both domestic and international investors.

Work highlights Represented the Lithuanian Football Federation in a dispute over the ownership of a stadium.

Advised Venture Corp Property Holding on competition clearance concerning a real estate business acquisition.

Notable practitioners

Jonas Saladžius is a key contact at the firm.

About the Team (content provided by Eversheds Saladžius (a member of Eversheds Sutherland))

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FORT - Real Estate Department

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Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Strong focus on real estate M&A and also assists with real estate development. Represents domestic businesses, developers and real estate fund portfolio managers in acquisitions and joint ventures. Assists with design, planning and construction matters.

Strengths Clients underline the lawyers' "expertise in the field, in-depth analysis of cases and timely responses."

Work highlights Advised Capital Mill on the design and reconstruction of the Jeruzales RIMI shopping centre.

Notable practitioners

Rūta Radzevičiūtė-Meizeraitė is a key contact for clients.

About the Team (content provided by FORT)

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Glimstedt Bernotas & Partners - Real Estate Department

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Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Covers a broad range of real estate matters, including acquisitions and sales as well as leases. Active in PPP projects and handles complex planning and zoning issues. Represents clients in contentious cases.

Strengths Clients highlight the team's "knowledge of the market situation, its understanding of our business environment" and "its commitment to continually provide us with high-quality legal services."

Interviewees emphasise its "professional, result-oriented, responsive and honest" approach, as well as the firm's "negotiation skills, experience in other areas of business, and the ability to solve difficult disputes in a diverse, creative and ethical way."

Work highlights Advising Marina Nida on the construction of its hotel in the UNESCO-listed Curonian Spit, including structuring and negotiating the design, construction and manager contracts.

Represented International American School of Vilnius on negotiating its contract with the designers for the construction of attic premises in a cultural heritage area.

Notable practitioners

Kęstutis Jaskutėlis heads the firm's real estate practice and focuses on acquisitions, development and financing mandates, and clients appreciate his "wise and business-oriented advice." He recently acted for ARVI on the development of Kirdieju Palace.

About the Team (content provided by Glimstedt Bernotas & Partners)

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LEADELL Balčiūnas & Grajauskas - Real Estate Department

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Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Notable experience of acting for clients in the financial, construction and public sectors. Strong expertise in construction, planning and regulatory issues. Handles transactional and contentious cases as well as energy and port infrastructure matters.

Strengths One client emphasises the team's "deep knowledge of the industry."

Referees appreciate its "high-quality service," adding: "They work hard and they respond quickly."

Work highlights Acted for JSC Concern "Achemos grupė" on its acquisition JSC "Litagra Group" and its Latvian subsidiary Litagra SIA, including its trading business and grain elevators network.

Notable practitioners

Gintaras Stankevičius is a key contact at the firm.

About the Team (content provided by LEADELL Balčiūnas & Grajauskas)

Department profile not yet provided by LEADELL Balčiūnas & Grajauskas. Please see their firm profile.

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TRINITI - Real Estate Department

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Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Garners considerable respect for its real estate, construction and PPP advice. Significant experience of representing clients in the public sector on regulatory and infrastructure mandates, in addition to its notable roster of domestic and international corporate clients.

Notable practitioners

Vytautas Kalmatavičius often advises major construction companies on PPP and financing projects. Interviewees also note his expertise with territorial planning, stating that "he is very good and has a lot of experience" in that area.

About the Team (content provided by TRINITI)

Department profile not yet provided by TRINITI. Please see their firm profile.

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Band 1

Kęstutis Adamonis

Sorainen

From the Chambers Europe guide

Kęstutis Adamonis represents developers and financiers on investment transactions while heading the firm's regional real estate and construction practice. Clients emphasise his commercial ability, stating: "He doesn't just stick to the legal and forget the commercial aspects. He understands the commercial possibilities and is creative with his proposals."

^ See whole ranking table

Band 1

Aušra Mudėnaitė

Sorainen

From the Chambers Europe guide

According to interviewees, Aušra Mudėnaitė "can analyse each separate case in great detail and stick to a deadline." Sources highlight her litigation and development practice and she is also noted for construction and territory planning issues. She represented Promola in a dispute with the State Prosecutor's Office and the National Land Service over the legality of using leased, state-owned land for development. Promola's total planned investment is approximately EUR200 million and includes the Žalgiris Stadium and Marriott hotel.

^ See whole ranking table

Band 2

Deloitte Legal

From the Chambers Europe guide

Simas Gudynas of Deloitte verslo konsultacijos, UAB handles matters concerning agricultural land and forestry, advising on sales and acquisitions as well as construction and development.

^ See whole ranking table

Band 2

Kęstutis Jaskutėlis

Glimstedt Bernotas & Partners

From the Chambers Europe guide

Kęstutis Jaskutėlis heads the firm's real estate practice and focuses on acquisitions, development and financing mandates, and clients appreciate his "wise and business-oriented advice." He recently acted for ARVI on the development of Kirdieju Palace.

^ See whole ranking table

Band 2

Audrius Kairevičius

AKJ CONSULTUS

From the Chambers Europe guide

Audrius Kairevičius is noted for his expertise in territory planning and design procedures as well as construction and transactional matters. Clients praise his ability to "quickly get to the bottom of the issue. He is an excellent strategist and can promptly offer the most suitable solutions based on the best professional practice, current legislation and customer expectations," adding: "His professional and personal qualities help to give him an advantage in resolving complicated legal issues and disputes."

^ See whole ranking table

Band 2

Simona Oliškevičiūtė-Cicėnienė

COBALT

From the Chambers Europe guide

Simona Oliškevičiūtė-Cicėnienė heads the real estate and infrastructure practice, advising on real estate and investment transactions as well as public procurement. She advised RB Rail AS, Rail Baltica statyba, Lietuvos geležinkeliai AB and the Ministry of Transport and Communications on the development of the EUR12 billion Rail Baltica project. One client comments: "All contracts prepared are done to a high professional standard. I haven't found any weaknesses in her and she is a hard worker. If I ask for something to be done for tomorrow morning, she always does it."

^ See whole ranking table

Band 3

Indrė Jonaitytė-Gricė

Ellex Valiunas

From the Chambers Europe guide

Indrė Jonaitytė-Gricė is the head of the firm's transactional real estate group, and also advises on investments and property management issues. She is one of the lead partners advising Lords LB Asset Management on the last transaction of the Lords LB Baltic Fund I, the sale of a 13,600 sq m shopping centre in Kaunas, as well as assisting on a number of developments in its EUR310 million property portfolio.

^ See whole ranking table

Band 3

Vytautas Kalmatavičius

TRINITI

From the Chambers Europe guide

Vytautas Kalmatavičius often advises major construction companies on PPP and financing projects. Interviewees also note his expertise with territorial planning, stating that "he is very good and has a lot of experience" in that area.

^ See whole ranking table

Band 3

Averus

From the Chambers Europe guide

Povilas Karlonas has significant expertise advising on economic zone matters in addition to PPP, PFI and development projects. One interviewee notes: "He is very professional and discreet but not afraid to give his opinion on a matter - which may not be the one we want but is correct and true. He understands the commercial aspects of construction and this really helps to understand our needs and to structure our objectives."

^ See whole ranking table

Band 3

RELEGAL

From the Chambers Europe guide

Vidas Rudokas of RELEGAL advises on a wide range of real estate mandates, particularly zoning and planning, as well as construction, PPP and project finance.

^ See whole ranking table

Band 3

COBALT

From the Chambers Europe guide

Aušrys Šliavas acts on real estate M&A, often representing significant investors, as well as on construction, PPP and privatisation issues. He played a key role in advising DAO AM on the acquisition of a 350,000 sq m shopping centre.

^ See whole ranking table

Band 3

Dainius Stasiulis

TGS Baltic

From the Chambers Europe guide

Dainius Stasiulis is noted for his infrastructure and PPP project expertise, as well as for his construction and real estate dispute practice. He advised State Enterprise Lithuanian Airports on the reconstruction of the runway of Vilnius Airport, including building permits, design and contractor issues. Clients appreciate his "good understanding of practical situations, what the problematic issues are and, if you have some complicated problem which is difficult to put into an understandable agreement, he has a talent for putting the right wording in a simple way so everyone can understand it."

^ See whole ranking table

Up and Coming

Ellex Valiunas

From the Chambers Europe guide

Evaldas Klimas is described as "very good at construction, regulatory and zoning and planning issues," and often advises on construction projects from beginning to completion. He was one of the key team members advising the Eastnine on its development in Vilnius's central business district of its third high rise, which has 23 floors and a total leasable area of 13,000 sq m.

^ See whole ranking table

Associates to watch

Donata Montvydaitė

Ellex Valiunas

From the Chambers Europe guide

Donata Montvydaitė advises on structuring transactions and alternative real estate investments as well as property management and leasing. She assisted with advising Lords LB Asset Management on the sale of a shopping centre in Kaunas, as well as a number of developments which will add to its overall property portfolio.

^ See whole ranking table