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Inreal © 2019 | 1
COMPLEX OF OFFICE BUILDINGS WITH BUILDING PERMIT P. LUKŠIO STR. 1, 3, 5, 5B , VILNIUS
INVESTMENT PROPOSAL
Inreal © 2019 | 2
KEY
FEATURES
Convenient strategic location and excellent accessibility –
the object for sale is next to the strategic transport arteries
(Kalvariju Kareivių-Ozo) intersection;
6,688 sq. m of GBA;
Four land plots of total area of 1.3468 ha;
Almost fully leased space;
Development opportunities – issued building permit for a
11,146.87 sq. m of office building
INVESTMENT PROPOSAL This Property Investment Proposal has been prepared by “Inreal”, JSC (further – Inreal) on the basis of information provided by our
client – NT Valdos, JSC. The sole purpose of the Proposal is to present the Property and the basic sales and Property information to
the Parties, which could be interested in acquiring it (further - Interested Party). The Proposal is prepared for a limited number of
Interested Parties. It contains certain information about the Property and circumstances, that could assist an Interested Party in
deciding, whether to participate in Property acquiring procedure.
The Proposal was prepared on the basis of the copies of certain documents, the information known by Inreal as well as the records
in the publicly available Register; including documents, confirmations, consents and the like. We have not verified whether all
information delivered is true and comprehensive, except to the extent that we have specified in the Proposal. Inreal is not liable for
changes in information or replacement or elimination of documents if Inreal was not informed of such.
Inreal shall not be obligated to update, adjust or correct any information contained in the Proposal. Inreal shall not be liable for any
manner, in which an Interested Party may use or construe information contained in the Proposal.
The Proposal is not and shall not be deemed as a recommendation to an Interested Party, to participate in the acquiring procedure.
Each Interested Party who has received this Proposal should carry out independent assessment of the Property acquiring
circumstances.
The Proposal is solely for your information, to assist you in making decision, whether to proceed with the Property acquisition.
Inreal © 2019 | 3
The
The property will be sold by public Auction
AUCTION OBJECT CODE NV/2019/02-02 NV/2018/04-02
EXECUTION DATE OF AUCTION 13 June 2019, 15:00 pm 12 December 2018, 12:00 pm
EXECUTION ADDRESS OF AUCTION “Inreal”, JSC office, T. Narbuto str. 5, Vilnius “Inreal”, JSC office, T. Narbuto str. 5, Vilnius
DEADLINE FOR SUBMISSION OF AUCTION DOCUMENTS
10 June 2019, 15:00 pm From 10 December 2018, 9:00 am
till 12 December 2018, 11:00 am
ADDRESS FOR SUBMISSION OF AUCTION DOCUMENTS
“Inreal”, JSC office, T. Narbuto str. 5, Vilnius
Weekdays from 9:00 am to 17:00 pm, but no later than the deadline of the registration of documents.
“Inreal”, JSC office, T. Narbuto str. 5, Vilnius
Weekdays from 9:00 am to 17:00 pm
STARTING AUCTION PRICE 3,943,900 EUR + VAT 4,536,000 EUR + VAT
INITIAL CONTRIBUTION 50,000 EUR 50,000 EUR
Additional information about object for sale will be provided after signing confidentiality undertaking.
Object visiting is individually arranged with the Auction organiser.
Auction rules, their annexes, Auction documents and other information is published on the Auction organiser's website: http://ntvaldos.inreal.lt/
SALES PROCESS
Inreal © 2019 | 4
Object for sale is in Žirmūnai eldership. It is one of the most densely populated and rapidly developing part of Vilnius, which is considered to be one of the most attractive locations for the development of residential and commercial projects.
The object for sale is next to the strategic transport arteries (Kalvariju Kareivių-Ozo) intersection, about 5 km away from Vilnius Old town. The object for sale is mostly surrounded by commercial objects, but densely populated residential areas are nearby. The property is easily accessible by private and public transport from all districts of Vilnius.
Property location
PROPERTY LOCATION
Old town
Object for
sale
Ozo park
Ogmios city
Inreal © 2019 | 5
ADDRESS P. Lukšio str. 1, 3, 5, 5B, Vilnius, Lithuania
BUILDINGS
GBA – 6,687.79 sq. m:
1. Office building – 1,425.37 sq. m 2. Office building – 291.85 sq. m 3. Garage – 140.71 sq. m 4. Production building – 737.07 sq. m 5. Office building – 2,597.86 sq. m 6. Office building – 304.26 sq. m 7. Production laboratory premises – 691.90 sq. m 8. Production laboratory premises – 398.77 sq. m
GLA 6,277.16 sq. m
OCCUPATION 89.49%
PARKING 205 parking spaces
PROPERTY FOR SALE
1
2
3
4
6 5
7
8
Inreal © 2019 | 6
MAIN LAND PLOT PURPOSE
P. Lukšio str. 1 – other (commercial purpose)
P. Lukšio str. 3 – other (commercial purpose)
P. Lukšio str. 5B – other
P. Lukšio str. 5B (1) – other
LAND PLOT AREA
1.3468 ha from 2.1849 ha
P. Lukšio str. 1 – 0.6939 ha from 1.5320 ha
P. Lukšio str. 3 – 0.3728 ha
P. Lukšio str. 5B – 0.2436 ha
P. Lukšio str. 5B (1) – 0.0365 ha
MANAGEMENT LAW
State land lease law:
P. Lukšio str. 1 – until 2085 12 19
P. Lukšio str. 3 – until 2098 06 14
P. Lukšio str. 5B – until 2097 06 11
P. Lukšio str. 5B (1) – until it is necessary for the city needs but no longer than until 2019 12 18
LAND PLOTS
P. LUKŠIO STR. 3
0.3728 ha
LITGRID
0.4284 ha
P. LUKŠIO STR. 5B
0.2436 ha
P. LUKŠIO STR. 1
0.6939 ha
ESO
0.4097 ha
Inreal © 2019 | 7
In 2015 12 22 Construction permit No. LNS-01-151222-01627 was issued for a new office building in
Lukšio str. 1
GBA OF DESIGNED BUILDING 11 146,87 kv. m
GLA OF DESIGNED BUILDING 6 413,40 kv. m
NUMBER OF FLOORS 9
PARKING
231 parking spaces
In the building – 143 parking spaces
On the P. Lukšio str. 1 land plot – 88 parking spaces
DEMOLISHED BUILDING AREA 432.56 sq. m
BUILDING PERMIT
Inreal © 2019 | 8
DESIGNED OFFICE BUILDING
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PROPERTY PHOTOS
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PROPERTY PHOTOS
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PROPERTY PHOTOS
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Favourable economic environment, growing revenues of companies in the services sector, and active development of international
and local enterprises determined the fact that, over the past several years, the office segment was particularly active and liquid, and
demand for modern offices was very high. In 2018, 5 new business centres were opened in the capital supplementing the market
with around 49000 sq. m of leasable space. And there are plans to open at least 7 more business centres in 2019, which would
provide around 80000 sq. m of leasable space.
Expansion of modern business centres in Vilnius, sq. m
Source: Inreal
Even though the pace of development is very high, the demand for modern business centres remains strong in the capital and
absorbs almost the entire newly available area. In 2018, the overall vacancy rate in Vilnius dropped from 5.4 percent to 4.8 percent.
The overall decrease in vacancies was mostly influenced by a decrease of available areas in B1 and B2 segments, where unleased
space comprised 5.1 percent and 4.3 percent accordingly at the end of 2018. Meanwhile, the level of vacancy of A class offices
increased due to the growing supply and reached around 4.9 percent by the end of the year.
Dynamics of vacancies in Vilnius business centres under classes
Source: Inreal
0
200 000
400 000
600 000
800 000
1 000 000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019P 2020P
At the beginning of the year (sq. m) Increase per year (sq. m)
0%
2%
4%
6%
8%
10%
12%
A B1 B2
2017 Q4 2018 Q4
VILNIUS OFFICE MARKET REVIEW
Inreal © 2019 | 13
In 2018, lease prices in Vilnius remained more or less stable and unchanged. Currently, the average lease prices of class A offices
in the capital reach 14-17 EUR/sq. m, B1 – 10-14 EUR/sq. m, B2 – 7-10 EUR/sq. m.
Dynamics of lease prices and vacancies in Vilnius business centres
Source: Inreal
0 EUR
2 EUR
4 EUR
6 EUR
8 EUR
10 EUR
12 EUR
14 EUR
16 EUR
18 EUR
0%
1%
2%
3%
4%
5%
6%
7%
2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4
ren
t p
rice
vaca
ncy
rat
e
Vacancy rate in business centres of Vilnius Average lease price of A class offices
Average lease price of B1 class offices Average lease price of B2 class offices
Inreal © 2019 | 14
JULIUS BELANOŠKA
HEAD OF BROKERAGE DEPARTMENT
Mob. +370 696 50605
___________________
JSC “INREAL“
T. NARBUTO STR. 5
08105 VILNIUS, LITHUANIA
FAKS. +370 5 273 3065
WWW.INREAL.LT
INREAL GROUP
CONTACTS
JSC “INREAL”
T. NARBUTO STR. 5
08105 VILNIUS, LITHUANIA
TEL. +370 5 273 0000
E-MAIL [email protected]
WWW.INREAL.LT
JSC “INREAL GEO”
T. NARBUTO STR. 5
08105 VILNIUS, LITHUANIA
TEL. +370 615 25404 E-MAIL [email protected] WWW.INREAL.LT
JSC “INREAL VALDYMAS”
T. NARBUTO STR. 5
08105 VILNIUS, LITHUANIA
TEL. +370 5 273 0944
E-MAIL [email protected]
WWW.INREAL.LT
