OBER-HAUS supervises the sale of “Evolution” office centre in Vilnius

2018-06-01

An Estonian investment company “Eften Capital” managed real estate  fund “Eften Real Estate Fund III” bought an office property building “Evolution”, located in Ukmergės st., in Vilnius. “OBER-HAUS” supervised the deal representing the seller – “Evolution Office System”, which sold its 13,300 sqm commercial purpose property for 9,02 million euros.

The ten-storey building was built in 2009 and consists of offices, commercial premises on the ground floor and a multi-storey 229 space car parking lot. The building has a leasable area reaching 6,200 sqm.

Currently 86% of the building is occupied by 15 different companies that are working there. The biggest tenant is communication company Telia. Other tenant companies include “Eurovaistinė”, “Grifs AG”, “Compensa Life”, “Akzo Nobel Baltics”, “Linus medical”, “Dussmann Service”. According to the estonian fund representatives – the building should generate a net annual profit of approx. 8% if fully leased.