Deals

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17.10.2018

PRIMUS DERLING assisted VGP Latvia in development of a new industrial park – VGP Park Kekava

VGP has opened its new industrial park – VGP Park Kekava, which offers class A semi-industrial buildings in a prime location – only 18 km from Riga. The total lettable area of the industrial park is 60,470 m2 and it is strategically located on the crossroads of an important highway A7, also known as Via Baltica, with the highway A5, or the so-called Riga Circuit. For more information please read here.

PRIMUS DERLING advised the client throughout the development process of the industrial park: in a complicated purchase transaction of the real estate whereby development of the detail planning was set as a condition precedent for the purchase, in establishing of road easements on the neighboring land plots, in development and coordination of the detail plan with the municipality, in establishing and change of legal relationships with the designers and author supervisors of the project, in construction related aspects, in establishment of the right of superficies on neighboring land plots for erection of the water and sewage pipeline for the second phase of the project, as well as Latvian law advice on the lease agreements and lease related aspects.

Partner Kristine Gaigule-Saveja, senior associate Andis Ozolins and associate Laura Skromule have been advising VGP Latvia throughout the development process.

Photo: vgpparks.eu

Contacts

Estonia

Liivalaia 45, 10145 Tallinn
Kaluri 2, 51004 Tartu

Latvia

Sporta str. 11, LV-1013, Riga

Lithuania

Konstitucijos av. 7,
LT-09308, Vilnius

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