COBALT advised UAB Union Asset Management on the acquisition of BFIII Klaipėda
2022 - 04 - 15
COBALT advised Union Asset Management on the acquisition of BFIII Klaipėda. The investment funds managed by Union Asset Management and Lords LB Asset Management have entered into a transaction regarding the company BFIII Klaipėda, which manages a retail building in Klaipėda (Taikos st. 64) with a leased area of more than 17,000 sq.m. The investment fund Union Re Core Fund I, managed by Union Asset Management, has become the new owner of BFIII Klaipėda. Since its launch in January, 2021 Union Re Core Fund I invests in commercial real estate leased by major food retail chains.
COBALT represented the client in negotiations and advised the client on all other issues related to the transaction. The COBALT team consisted of the Partner, Head of the Real Estate and Infrastructure Practice Group Simona Oliškevičiūtė-Cicėnienė and Senior Associate Kostas Grigaitis.