NOOR advises Nese Group on landmark real estate sale-leaseback transaction

The NOOR team advised Nese Group—one of the oldest and most reputable gambling operators in Lithuania—in a successful sale-leaseback transaction of one of its most iconic properties: a historic theatre building in Vilnius Old Town, formerly home to one of the group’s flagship casinos. The client’s long-term strategy includes the relocation of the casino, which prompted the decision to sell the landmark building. The property immediately attracted strong interest from investors, ultimately leading to a sale to INVL Baltic Real Estate investment fund.

Our team provided end-to-end legal support, advising on all aspects of the transaction, including real estate, lease, construction regulation, corporate, and tax matters. We assisted the client in structuring the deal through a spin-off of non-core assets, ensuring that only the target property was included in the transaction. We also prepared and negotiated lease agreements, transactional documents, and guided the client through the negotiation process with potential buyers to ensure a smooth and efficient closing.

The NOOR team was proud to support Nese Group in navigating this complex transaction and ensuring the continued success of their strategic goals.