SG Capital Partners Fund I acquires a top logistics complex in Riga
SG Capital Partners Fund I has completed the acquisition of 90,000 m2 logistics complex near Pļavinieki/Dreiliņi districts by acquiring shares in SIA Beinits and SIA Balt Cargo Solutions from the group of private investors.
The logistics complex is fully leased to a number of well-known local and international tenants, including Depo, Latvijas Balzams, Via 3L, Tamro, TOP and many others.
Ellex team in Latvia advised the buyer SG Capital Partners Fund I on the transaction process. The team included partner and head of real estate practice group Ivars Pommers, partner Inita Jurka, senior associate Zane Miglāne and associates Ineta Kaņepe, and Marats Golovkins.
Parties have agreed to keep the transaction terms and price confidential.
SG Capital Partners Fund I is Alternative Investment Fund registered in Latvia and is managed by SG Capital Partners AIFP. Fund’s assets exceed EUR 140 million and include one of the largest Riga’s office complex – Skanstes City. Fund investors are Baltic pension Funds.
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