Good for Business, Investments, Lithuania, Real Estate

The property occupies about 14,500 sq.m. and is fully let to Danske Bank on an agreement that runs until December 2024. The acquisition means that Eastnine took over all three properties that Eastnine signed an agreement to acquire, from the developer Galio Group, in February 2019. The properties are, like Eastnine's other Vilnius properties, located in the central business area in Vilnius. All S7 properties have received the environmental certification BREEAM Excellent. The acquisition is financed with own cash and bank loans.

“With the acquisition, Eastnine owns six properties totalling 94,000 sq.m. of modern and sustainable offices in the best business location in Vilnius. It makes us the largest property owner of offices in the city and we’re continuing our growth journey”, says Kestutis Sasnauskas, CEO of Eastnine.