Ellex Valiunas has advised Lords LB Asset Management-managed Investmira on the successful redemption of its EUR 55 million bond issuance from 2021.
After completing the development stage of the Artery business center in Konstitucijos Avenue, the company decided to redeem EUR 55 million in bonds. "Artery is the second commercial real estate project developed by Lords LB Asset Management in the center of Vilnius in the last two years. The project garnered significant attention from tenants: by the end of the building’s construction, 90% of the center’s area was already leased," Ellex reported.
According to the firm, "Investmira has achieved the largest redemption of a private placement bond issue in the history of the investment management company."
The Ellex team included Partner Ieva Dosinaite, Associate Partner Egle Neverbickiene, and Associate Egle Radvilaite.