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[SPC in deals] SPC LEGAL acted for Festo in signing lease agreement for 4,700 sq. m. premises

2017.02.20

Out team assisted UAB Festo, a subsidiary of FESTO Aktiengesellschaft (German industrial control and automation company with annual revenue of approx. EUR 2.5 billion), in signing 10-year lease agreement regarding office premises of 4,700 sq. m. in Kaunas (Lithuania). UAB Festo works as shared services' centre of Festo group and is expending its activities and team on a regular basis. Since current office of UAB Festo was not capable to accommodate growing team of our client, Festo agreed to move in to newly developed project in Kaunas in the second half of 2017.

Our services: advise on the potential group structure, drafting the documents, coordination of the implementation stage.
Deal value: more than 4 million Euros.
Team involvedMindaugas Rimkus, Evaldas Skikas.