TGS Baltic has advised Colonna on the sale of a portfolio of 11 Rimi grocery stores across Latvia to Lumi Retail Property Fund. Walless advised the buyers.
Colonna is a commercial property investor in the Baltics.
Lumi Retail Property Fund is a fund managed by Nuve Partners.
According to TGS Baltic, situated primarily in regional towns, the stores feature convenient locations, long-term lease agreements, and consistent foot traffic, making them attractive sustainable retail real estate investments.
The TGS Baltic team included Partner Inese Hazenfusa, Counsel Janis Bite, Senior Associates Dita Busa and Senior Associate Rudolfs Vilsons, and Associate Karina Narnicka–Cumakova.
The Walless team included Partners Kristine Gaigule-Saveja and Inguna Abele, Associate Partner Valters Diure, Senior Associates Laura Tumina, Baiba Krievina-Sutora, Tatjana Sinkevica, and Kristers Zalitis, and Junior Associate Emils Klavs Liepins.
