Students and young professionals housing and co-working space company Duck Republik SIA (a New DR Holding OU group company) acquired 100% shares of the real estate development company SIA Duck Slokas
TGS Baltic assisted Duck Republik SIA (a New DR Holding OU group company) in acquiring 100% of the real estate development company SIA Duck Slokas, which is planning to develop a new, modern student hotel at Slokas iela 51, Riga, Latvia. The transaction was signed on 28 June 2024 and closed on 1 August 2024.
TGS Baltic provided Duck Republik SIA with full transactional support, including tax advice, transaction structuring, due diligence, financing, drafting, signing, and implementing transaction documents.
The transaction team consisted of partner Andra Rubene and senior associates Anna Vaivade, Rūdolfs Vilsons, Dita Buša, and Kaspars Treilibs.
About Duck Republik
Duck Republik is a fast-growing student housing brand based in Tallinn that operates throughout the Baltics. It is a revolutionary business and new concept that will reshape the traditional rental apartment market in the Baltics and, in the future, Eastern Europe. Short and long-term modern housing and co-working space for students and young professionals. Construction of a new, modern student hotel is planned also on the real property of the newly acquired SIA Duck Slokas.
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