TGS Baltic has advised Lielais Lauks on the EUR 460,000 sale of a 3.19-hectare land plot in Adazi, Latvia, to Kinetics Nail Systems, which plans to construct a new factory.
Kinetics Nail Systems is a Latvian manufacturer of professional nail care and skin care products, with over 20 years of experience and partners in more than 40 countries.
According to TGS Baltic, "the transaction represents a substantial financial investment and regional expansion and growth plans of Kinetics Nail Systems. Establishing a new factory is anticipated to positively impact the local economy, create job opportunities, and foster industrial development. The latest methods will be used in the Kinetics Nail Systems production facility, having a minimum impact on environmental pollution."
The TGS Baltic team was led by Senior Associate Armands Masulis.
