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Real estate and construction

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WALLESS

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The WALLESS team stands out in the market due to its depth and breadth across the practice area. In the real estate development field, the team is led by Evaldas Klimas, offering coverage of the entire project lifecycle to clients, ranging from the initial spatial planning and design to the final construction and related disputes. Furthermore, the team provides a full range of services to corporate real estate investors, working with large funds. Alongside Evaldus as co-heads are Indre Jonaityte-Grice, and Laura Ziferman, leading the real estate transactions and public procurement teams respectively.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Walles is one of the largest law firms in Lithuania, making it very convenient that one firm can cover several legal areas. In our case, we use real estate, finance, and dispute resolution legal services. Our group of companies consists of 8 different firms, so, conveniently, the Walles company can separate projects and issue invoices for specific projects. The invoices also specify the services provided and the number of hours spent on them, which is especially useful when other employees order services, allowing you to verify them.’

  • ‘We primarily work with Evaldas Klimas, who is a real estate law expert. What impresses us the most is that he delves into specific details and nuances.’

  • ‘They have the best specialists, who know construction regulations best. What makes them unique - they not only know the regulations, but they also know how to help the client and are always very straight without some fantasies as other big law firms do. ’

  • ‘Evaldas Klimas is best known real estate regualtions proffesional. He is best in urban planning issues and construction regulations, which are changing now. ’

  • ‘Leading commercial real estate transactions team with deep knowledge and experience in how to organise and coordinate complex due diligence and negotiation of real estate transactions for institutional investors. Also, the team is capable of providing continuous post-transaction support.'

  • 'What makes this team stand out from competitors is the exceptional capability of the firm's lead real estate partner Indre Jonaityte Grice to co-ordinate and summarize delivery of inputs from different teams engaged in due diligence and transaction execution. This leads to a smooth and cost-effective transaction process.'
  • Good experience in cross-border transactions and particular segments (hotels, offices, retail, logistics). ’

  • ‘Lead real estate partner Indre Jonaityte Grice is among the top 3 commercial real estate and transaction legal professionals in Lithuania. She has vast due diligence and transaction experience, especially in terms of institutional investors in real estate. What makes her stand out is the hands-on coordination of all legal inputs and leveraging of those inputs in commercial negotiations. Furthermore, she was instrumental in laying out the foundations of institutional quality lease agreements in Lithuania and as such has very in-depth knowledge of commercial leases, especially in office, retail and hotel segments. ’

Key clients

  • State Enterprise Ignalina Nuclear Power Plant
  • Energy Cells, UAB
  • Ministry of Environment of the Republic of Lithuania
  • Darnu group
  • Johnson Matthey PLC
  • Lords LB Asset Management
  • Baltic Horizon Fund
  • REWO (subsidiary UAB Skvero namai)

Work highlights

  • WALLESS has been entrusted by the Ministry of Environment of the Republic of Lithuania with the crucial task of preparing the Construction Code, a pivotal document set to revolutionize the country's construction law landscape; this follows the successful preparation of the Concept of the Construction Code, showcasing the firm's expertise and reputation in managing complex legal matters.
  • Assisting State Enterprise Ignalina Nuclear Power Plant with its closure, WALLESS is advising on developing a model and legislation for burying radioactive waste and used nuclear fuel at a depth of at least 100 meters; the team is preparing a study with conceptual proposals and identifying gaps in legal regulations that impact the selection and approval process for these burial sites.
  • WALLESS represented Agresyvus Kapitalas in a major Kaunas development deal involving the acquisition of UAB Skaita's shares, facilitating the development of approximately 17,000 sq. m of office and retail space on state-owned land, managing complex negotiations and agreements, including leases and construction contracts.

Lawyers

Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Mantas Lideika
WALLESS
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Evaldas Klimas, Indrė Jonaitytė-Gricė, Laura Ziferman