trending Market Intelligence /marketintelligence/en/news-insights/trending/fSce8wGaQF2H4hGyXKHHgQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

Deka Immobilien to purchase office complex in Lithuania for €156M

Street Talk Episode 52 - A bank's 'knife fight' to stay high performing in a low rate environment

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

New York Fed Increases Planned Repo Purchases Amid Quarter-End Demand For Cash

Fed Poised To Relax Key Rules For Large Banks

Deka Immobilien to purchase office complex in Lithuania for €156M

Deka Immobilien Investment GMBH entered into an agreement to acquire the Quadrum BC office complex in Lithuania for about €156 million, Property Magazine International reported.

The seller is UAB Schage Real Estate AS, the Lithuanian subsidiary of Norwegian developer and real estate company Schage Eiendom AS, according to the report.

The property at Konstitucijos prospektas 21 in the central business district of Vilnius, the country's capital, will be added to the portfolio of the German real estate manager's open-ended real estate fund Deka-ImmobilienGlobal.

With over 44,000 square meters of net leasable space, the asset is anchored by commercial and retail bank Luminor Group AB, which occupies about 30% of the fully leased property.

The property includes an east and north building, which have obtained a BREEAM sustainability certification, while its south building is being developed and is scheduled for completion in November, the report said.

The transaction is set to be completed within the next two months, subject to the approval of the Competition Authority, the report noted.

Sorainen and TGS Baltics served as advisers to Deka Immobilien and UAB Schage Real Estate, respectively.