Proceeds from the transaction will be used to finance new development projects and to fund a share buyback, allowing interested shareholders to realize their investment while supporting the company's next phase of growth.
According to Sorainen, the dispute concerned Kesko Senukai Lithuania’s refusal to pay EUR 1.2 million in indexed rent for a logistics center leased from the client.
Intercity bus company TOKS has acquired a 42,000-square-meter territory and 6,000 square meters of commercial and administrative buildings in Vilnius from SIRIN Development.
EfTEN Real Estate Fund AS is holding a secondary public offering of an additional 1,000,000 shares to raise up to EUR 19 million to support new investment initiatives.
International-sustainable-investment-assessor GRESB has awarded both global and European excellence labels to EfTEN Real Estate Fund 4’s advancements in sustainability.
Lithuania’s Capitalica Asset Management has announced its plans to expand the complex by constructing several new Class A office buildings right next to it.