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» Chronological View: " Lithuania " «

Hilton Garden Inn debuts in Lithuania

.Hilton has opened its first Hilton Garden Inn hotel in the heart of Lithuanian capital Vilnius. The 164-room property is located on Gedimino Avenue and enjoys close proximity to the Ministry of the Foreign Affairs, Lithuanian Parliament, KGB Museum and Lukiskiu Square as well as Vilnius Old Town. Adapted to meet today’s busi...
Thursday, 11. July 2019

Available office space in Vilnius is set to double in coming years

In recent years the average vacancy rate for offices in Vilnius has been about 3 percent, one of the lowest rates in Europe. The indicator’s remaining stably low for some time has led more and more real estate developers to focus on office expansion in Vilnius, and that means free office space in the Lithuanian capital will g...
Thursday, 11. July 2019

Twice as much modern office space was leased than built in Vilnius in Q1 2019

The beginning of 2019 stood out in the office market of Vilnius by the abundance of leasing deals as over 20 thousand sq. m of modern office space were leased in the first quarter, which is twice as much as new office space built, claims Vilnius Office Outlook, a Q1 2019 review on the office market of Vilnius drawn up by News...
Friday, 12. April 2019

Baltic Horizon Fund closed Duetto II office building acquisition in Vilnius

Baltic Horizon Fund closed the acquisition with UAB YIT Lietuva, part of the Finnish YIT Corporation, of the newly constructed Duetto II office building in Vilnius on 27 February 2019. The purchase price is approximately EUR 18,3 million, which corresponds to an entry yield of approximately 7.1%. The sales purchase agreement ...
Monday, 4. March 2019

Swedish Eastnine purchases S7 office complex in Vilnius for €128m

Developer M.M.M. Projektai signed an agreement to sell offices in S7 office complex. S7 is located in the CBD of Vilnius, Lithuania, which consists of four buildings. Agreement has been signed to sell three buildings of S7 complex, totalling 42,500 sq. m. of GLA. The sale closing of the first building DC PIER took place yeste...
Thursday, 14. February 2019

Baltic Horizon fund to acquire Duetto II office building in Vilnius

Baltic Horizon fund signed a sales and purchase agreement with UAB YIT Kausta to acquire the newly constructed Duetto II office building in Vilnius. The purchase price is approximately €18,3 million, which corresponds to an entry yield of approximately 7.1%. The transaction is expected to close by the beginning of March 2019,...
Wednesday, 19. December 2018

Pontos sells RYO shopping center in Panevezys for €47 million

The Finnish family owned company Pontos, sold the RYO shopping center on Savitiškio gatve 61 in Panevezys to EfTEN Real Estate fund 4 for €47 million, making it one of the largest real estatetransactions in the Baltics this year. The total retail space of 24,2 thousand sqm currently houses 132 tenants. Newsec has acted as th...
Monday, 10. December 2018

Blackstone to acquire €1 billion majority stake in Luminor

DNB and Nordea have entered into an agreement with Blackstone to sell part of their shares in the merged bank, Luminor. The group was established as an independent Baltic bank in 2017, built on the Baltic businesses of Nordea and DNB. Today, Luminor is the 3rdlargest financial services provider in the region, with a 23% lendi...
Thursday, 13. September 2018

Milda Dargužaitė elected as new Supervisory Board member of Northern Horizon Capital

Northern Horizon Capital AS has elected Milda Dargužaitė as a new member of the supervisory board for a period of 5 years. She will succeed Michael Rudolf Schönach. Dargužaitė acts as a Group Chief Executive Officer to Northern Horizon Capital Group. She has extensive work experience in both private and public sector locall...
Tuesday, 10. July 2018

Baltic Horizon Fund acquired land plots next to Domus Pro complex in Vilnius

Baltic Horizon Fund completed acquisition of 0,87 hectares of land next to Domus Pro complex in Vilnius currently owned by the fund. Total purchase price for three land plots, located at Ukmerges 310/316, all falling under one detail plan, was approx. €1,7 million. The land plots were acquired with the goal to further expand ...
Wednesday, 23. May 2018

Park Inn by Radisson Vilnius Airport Hotel & Business Center signed

Rezidor Hotel Group AB has signed the Park Inn by Radisson Vilnius Airport Hotel & Business Center. Expected to open in 2020, this 120-room hotel will be the group's sixth hotel in operation and pipeline in Lithuania, and the fourth in the city. The group operates two Radisson Blu hotels in the city already and plans to add a...
Thursday, 29. March 2018

Baltic Horizon Fund consolidated audited results for 2017

Northern Horizon Capital AS has approved the audited financial results of Baltic Horizon Fund for the year 2017. The financial results remained unchanged compared to the preliminary disclosure on 15th of February 2018. At the end of 2017, the GAV increased from €154.9 million to €215.8 million as compared to the end of 2016. ...
Wednesday, 28. March 2018

Central business district of Vilnius is growing: new office building will be developed

Active development of offices in Vilnius continues. A new office building will rise in Vilnius central business district at Konstitucijos Avenue, on the right bank of Neris, on the land between the National Art Gallery and the multifunctional Forum Palace building. SEB bank will be one of the main tenants of the office bui...
Thursday, 1. March 2018

Hollister Incorporated builds a manufacturing facility in Kaunas FEZ

Hollister Incorporated has signed an agreement to build a manufacturing facility in Kaunas FEZ. The company will establish a production plant on a 13ha plot of land, investing over €50 million and creating 300 jobs. The plant will initially produce ostomy products, with plans to expand production over time.
Wednesday, 18. October 2017

Swedbank finances construction of a multifunctional complex designed by Daniel Libeskind

Swedbank in Lithuania has agreed with JSC Investmira, a subsidiary of Lords LB Special Fund I, a fund, managed by Lords LB Asset Management, on a €30 million long term financing. The loan will finance the construction of a multifunctional complex in Konstitucijos av. in Vilnius, comprised of A class business center and a Radi...
Monday, 17. July 2017

Global joins Kesko as shareholders of the investment company Baltic Retail Properties

Global, managed by W. P. Carey Inc., now exceed €187 million, after joining Kesko as shareholders of the Lithuanian investment company Baltic Retail Properties. A public ceremony in Vilnius on Thursday, 25 May 2017, marked the completion of the acquisition of a majority position worth €127 million in real estate investment ve...
Tuesday, 30. May 2017

ECEX acquires office property Vertas in Vilnius

East Capital Explorer AB (ECEX) has signed an agreement to acquire Vertas, an A class office building in central Vilnius, from Laurus, a joint venture between Partners Group and Northern Horizon Capital. The purchase price is €29m, corresponding to a yield of approximately 6.5%. The transaction is expected to close during the...
Thursday, 6. April 2017