Adon Legal has advised subsidiaries of the Galio and NDX groups on a EUR 53 million refinancing from the SEB Group for their recently acquired retail portfolio including 17 stores, with Maxima and Ermitazas as the main tenants.
The Galio Group is a Lithuanian real estate developer. The NDX Group is an investment company that focuses on CEE and Scandinavian companies. Their GLG Projektai subsidiary has recently acquired the retail portfolio from Norwegian investment fund EECP through a share deal (as reported by CEE Legal Matters on January 12, 2023).
SEB is a Northern European financial services group headquartered in Stockholm, Sweden.
According to Adon Legal, "the financing was extended in the context of the largest commercial real estate transaction of 2022 in the Baltics."
Adon Legal’s team included Partner Marius Matiukas and Associate Akvile Avulyte.
