Newsec will conduct the auctions for Telia Lietuva

2017 06 21

This year Telia Lietuva will put premises and buildings, a total of 52 properties throughout Lithuania, on the market during the public auctions. The total area of premises on sale is around 22,000 square metres, while the initial value of the portfolio of assets on sale amounts to EUR 11 million.

The first action will be held on 9 August 2017. The initial prices of premises and buildings sold by Telia Lietuva range from EUR 250 to EUR 3 million. The highest initial price was set for administrative premises located in Vilnius at Vytenio str. 18, T. Ševčenkos str. 25 and Muitinės str. 35, while those premises will be auctioned later. The highest valued assets of the first auction are a separate building in Laisvės Av. in Kaunas and a rest house at the center of Palanga. However, during auctions, the buyers will be able to purchase assets not only in the largest cities of Lithuania, but also in remote locations, where analogue telephony stations used to operate.

In some cases, Telia Lietuva will remain a co-owner of the assets alongside the buyer after purchase and sale transactions are completed.

Buyers may purchase some of the premises on sale before the auction, for a price that is 10 per cent higher than the initial price.

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