June 10, 2015. Vilnius. This day the transaction on the purchase-sale of the business centre at Ukmerges Str. 322, Vilnius, was signed. From now on the business centre will be called “Business Centre ONE” (formerly – “Vertingis”). The business centre was purchased by “Nordic and Baltic Property Group” from SC “Invalda Privatus Kapitalas”. The transaction has been arranged and consulted by JSC “Inreal Valdymas”. The details on the transaction remain undisclosed.
According to Arnoldas Antanavičius, Head of Investing and Analysis Department of “Inreal”, this transaction shows that the business centre market is active and liquid sufficiently, and potential investors are interested not only in Class-A business centres in prime locations. “This is a good sign for real estate developers, who should feel more courageous in launching new projects outside the city centre – thus leading to a wider geographical development of business centres in Vilnius”, - stated A. Antanavičius.
“Business centre ONE” has a 3-floor and 9-floor buildings, covering 11,800 sq.m. area. Gross Leasable Area is 6,000 sq.m.
“Nordic and Baltic Property Group” has invested in real estate in Finland, Estonia, Latvia, Russia and Lithuania. The newly acquired “Business Centre ONE” supplemented the real estate portfolio of “Nordic and Baltic Property Group” in the capital city of Lithuania, which covered the business centres “FOUR” and “TRIO” as well as the hotel “Neringa”.
ABOUT
JSC “Inreal GEO”, JSC “Inreal valdymas” and JSC “Inreal”, provides probably the widest spectrum of services in Lithuania, related to real estate. Inreal group companies belong to SC “Invalda privatus kapitalas”. About 90 employees are currently working in Inreal group; mediations in lease or sale of more than 550 thousand sq.m of commercial premises, over 550 residential housing objects, and over 300 land plots. The company mediates in 50 residential housing projects, 24 investment projects, or their portfolios. More than 4,900 valuation reports and about 80 consultations (feasibility studies, investment memorandums, and market research) are being drawn up annually. The value of asset of valuation is above 725 million euros. Company offices or representations are operating in Vilnius, Kaunas, Klaipėda, Šiauliai, Panevėžys, Mažeikiai, Alytus, Plungė and Utena. Currently JSC "Inreal Valdymas" develops two real estate projects: houses in Nida "Kopų vetrunges" ("Dunes weathervanes"; „Kopų vėtrungės“) and apartments and comercial premises in Klaipeda oldtown "Danes uzutekis" ("Danes Bay"; „Danės užutėkis“).
"Nordic and Baltic Property Group" – www.nbpgroup.eu
More information:
Rūta Merčaitienė
INREAL GROUP
Head of Marketing and Communication
Mob. +370 611 29779
ruta.mercaitiene@inreal.lt