Investments, Lithuania, Real Estate
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Wednesday, 24.04.2024, 13:54
Lithuania's property developer Eika eyes stock market
BC, Vilnius, 29.06.2016.
Print version
Print versionLithuania's property developer Eika is looking for new investors and is considering setting up a commercial real estate project management company that would possibly float its shares on the stock exchange, Verslo Zinios reported on June 29th, cites LETA/BNS.
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"A separate entity will have to be set up within the Eika Group, but we have not decided yet on what model to choose. We are currently analyzing all options together with our lawyers," Eika CEO Domas Dargis told the business daily.
"First of all, we want to separate real estate development operations from real estate management, because the risks involved in these activities are different, as is investors' tolerance for risk," Dargis said.
"We do not rule out floating such an entity on the stock exchange and trying to attract more investors," he said.
According to the CEO, the listed company would own commercial real estate and those willing to invest in development projects could contribute through other cooperation models.
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