The largest office lease transaction in Vilnius so far this year

We advised investment fund Lords LB Special Fund I Subfund B on leasing an area of 7,000 m² in its Lvovo business centre in Vilnius. The lease agreement was concluded with Telia Global Services Lithuania – a leading telecommunications company in Scandinavia and the Baltics. It will occupy 47% of the total area in the business centre.

So far, this transaction is the largest in the Vilnius office leasing sector this year.

Planning to invest EUR 40 million in the new business centre

The A+ energy class office building and its underground parking lot will take up an area of 23,000 m². The plan is for the business centre to open in the first quarter of 2021. Lords LB Special Fund I Subfund B will invest EUR 40 million in the project.

Our services and project team

We advised Lords LB Special Fund I Subfund B on all transaction-related matters. Our team consisted of partner Kęstutis Adamonis with senior associate Karolis Kunigėlis.