TGS Baltic has advised Darda on its EUR 1.3 million sale of a 3,777-square-meter plot in the center of Riga to Satekles Business Center 2 for the development of a new office complex. Sorainen reportedly advised the buyer.
The target plot is adjacent to the railway station and Rail Baltica infrastructure and "Satekles Business Center 2 plans to develop a new office complex in this prime location to align with the city's evolving urban landscape," the firm reported.
Satekles Business Center 2 was previously known as Linstow Tobre. Linstow has an active ownership role in several major development projects including offices, health properties, shopping centers, hotels, leisure, and parking properties. Linstow Baltic's parent company, Linstow AS, is wholly owned by Norwegian Awilhelmsen AS.
The TGS Baltic team was led by Senior Associate Armands Masulis.
