Ober-Haus supervises the sale of Evolution office centre in Vilnius
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.