5 INVESTMENT PROJECTS COMMERCIAL LEASED BUILDINGS (KAUNAS CITY CENTER)

Transcription

1 5 INVESTMENT PROJECTS COMMERCIAL LEASED BUILDINGS (KAUNAS CITY CENTER) 02/2018

2 PROJECTS DETAILS No. Address Purpose Size, m 2 Rent, EUR Vacancy Yield Price, EUR 1 Palangos str. 9. Kaunas Restaurant & Storage % 8,38% I. Kanto str. 25, Kaunas Administrative & Garage % 7,87% Girstupio str. 1, Kaunas Commerce % 9,26% Laisves avenue 51A, Kaunas Administrative % 9,28% Laisves avenue 84B, Kaunas Administrative - Bank % 6,79% ,16% Great investment opportunity Great opportunity to invest in fully leased commercial projects in a fastest growing city in the Baltics Kaunas, Lithuania. All five projects located in a city center (old town), by the main streets and emerging city s CBD (Central Business District). Well known projects, growing local tenants. A possibility to improve tenant mix for even better rent prices

3 KAUNAS KEY FACTS Source: Invest Lithuania 3

4 1. PALANGOS STR. 9 Numbers of tenants 4 Cosa Nostra (Pizza Bar) Giedraitis & Architektai (Architects studio) 2 1/2 Obuolio (Cider Pub) Vacancy 7% Total area 516 sq. m. (4 floors) Restaurant & Storage Kaunas old town; fully renovated building; rapidly developing area; well know object 4

5 2. I. KANTO STR. 25 Numbers of tenants 2 Kelprojektas (Engineering solutions company) Murina (Home interior shop) Vacancy 0% Total area 3052 sq. m. Administrative & Garage City center; rapidly developing area 5

6 3. GIRSTUPIO STR. 1 Numbers of tenants 9 Senasis stumbras Alternatyvos proverziai Vacancy 9% Total area 1742 sq. m. Commercial By newly renovated Kaunas bus station; possibility to renovate the premises and to improve tenant mix for better rent prices 6

7 4. LAISVES AVENUE 51A Numbers of tenants 18 Helis (Tech company) Saugaus darbo centras Vacancy 5% Total area 2357 sq. m. Administrative Part of the premises fully renovated; possibility to improve tenant mix and to rise rent price; possibility to change the purpose of the building 7

8 5. LAISVES AVENUE 84B Numbers of tenants 2 Happspace (Co-working space) Kultura (Restaurant) Vacancy 0% Total area 786 sq. m. Administrative Fully renovated building, the main city center, well known project and tenants, long lease terms 7

9 About Newsec Newsec The Full Service Property House in Northern Europe offers real estate owners, investors and tenants a full range of services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partnerowned company with some co-workers spread across the seven Nordic and Baltic markets. Newsec has approx. EUR 39 billion under management and annually signs lease agreements of some square meters, manages transactions of some EUR 3 billion and does real estate valuations of underlying property worth almost EUR 180 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe. SIMONAS SVEGZDA Commercial real estate advisor s.svegzda@newsec.lt NEWSEC Konstitucijos 21C, Vilnius