Indexo Real Estate Fund Acquires Riga's Olimpia Shopping Center for Over EUR 40 Million
Deal News | Jan 17, 2025 | CEE Legal Matters
Indexo Real Estate Fund, under the management of Provendi Asset Management AIFP, has successfully acquired the Olimpia shopping center located in Riga for a sum exceeding EUR 40 million. The transaction was guided by the law firm Walless, whose legal team was composed of Partners Kristine Gaigule-Saveja, Inguna Abele, and Zane Eglite-Fogele, among others. Olimpia is a significant retail property, offering sports and leisure goods over a 20,991 square meter net lettable area. Walless could not divulge additional details regarding the acquisition.
Sectors
- Real Estate
- Legal Services
Geography
- Latvia – The main focus of the article is on the acquisition of a property located in Riga, Latvia.
Industry
- Real Estate – The article discusses the acquisition of a major shopping center, highlighting activities within the real estate sector.
- Legal Services – The role of Walless in advising the transaction underscores the involvement of legal services in M&A transactions.
Financials
- Over EUR 40 Million – The purchase price of the Olimpia shopping center.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Indexo Real Estate Fund | Target Company | Company | The company acquiring the Olimpia shopping center. |
| Provendi Asset Management AIFP | Manager | Company | The entity managing Indexo Real Estate Fund. |
| Olimpia Shopping Center | Target | Company | The shopping center acquired by Indexo Real Estate Fund. |
| Walless | Legal Advisor | Company | The law firm advising Indexo Real Estate Fund on the acquisition. |
| Kristine Gaigule-Saveja | Lead Partner | Person | A Partner at Walless involved in the transaction. |
| Inguna Abele | Partner | Person | A Partner at Walless involved in the transaction. |
| Zane Eglite-Fogele | Partner | Person | A Partner at Walless involved in the transaction. |
| Andis Ozolins | Associate Partner | Person | An Associate Partner at Walless participating in the transaction. |
| Zane Karklina | Senior Associate | Person | A Senior Associate at Walless participating in the transaction. |
| Baiba Krievina-Sutora | Senior Associate | Person | A Senior Associate at Walless participating in the transaction. |
| Tatjana Sinkevica | Senior Associate | Person | A Senior Associate at Walless participating in the transaction. |
| Mara Bekere | Senior Associate | Person | A Senior Associate at Walless participating in the transaction. |
| Karlis Murnieks | Associate | Person | An Associate at Walless participating in the transaction. |
| Emils Klavs Liepins | Junior Associate | Person | A Junior Associate at Walless participating in the transaction. |