“Newsec” advised “E.L.L. Real Estate” in the sale process of office building “L3 Biurai” in Vilnius

2016 11 03

Newsec has advised real estate development company E.L.L. Real Estate for the sale-purchase transaction of the office building “L3 Biurai” in Vilnius. The property has been acquired by investor – EfTEN Real Estate Fund III. The transaction value is confidential pursuant to the parties’ agreement.

The building, which was completed in 2004, has 6,150 m2 of rental space and an outdoor parking lot with 221 parking spaces. The “L3 Biurai” has 37 tenants, the largest ones – Bonum Publicum, insurance company, SBA Concern, one of the leading business groups in Lithuania working in a wider range of sectors from furniture and energy to apparel and real estate, travel agency – Novaturas, car rental company – AVIS and construction company – Merko Statyba.

For further information please contact:

Neringa Rastenyte

Head of Transactions, Baltics

Phone +370 686 17 468

E-mail: n.rastenyte@newsecbaltics.com

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