complex of office buildings with building...
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Inreal © 2018 | 1
COMPLEX OF OFFICE BUILDINGS WITH BUILDING PERMIT P. LUKŠIO STR. 1, 3, 5, 5B , VILNIUS
INVESTMENT PROPOSAL
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KEY
FEATURES
Convenient strategic location and excellent accessibility –
the object for sale is next to the strategic transport arteries
(Kalvariju Kareivių-Ozo) intersection;
6,646.37 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
clients – NT Valdos, JSC and JSC Energetikos paslaugų ir rangos organizacija (EnePro). 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.
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The property will be sold by public tender
TENDER OBJECT CODE NV/2018/04/04-03
EXECUTION DATE OF TENDER 7 June 2018, 12:00 pm
EXECUTION ADDRESS OF TENDER “Inreal”, JSC office, T. Narbuto str. 5, Vilnius
DEADLINE FOR SUBMISSION OF TENDER DOCUMENTS
From 4 June 2018, 9:00 am
till 7 June 2018, 11:00 am
ADDRESS FOR SUBMISSION OF TENDER DOCUMENTS
“Inreal”, JSC office, T. Narbuto str. 5, Vilnius
Weekdays from 9:00 am to 17:00 pm
STARTING PRICE 5,600,000 EUR:
5,350,000 EUR + VAT (NT Valdos, JSC property)
250,000 EUR no VAT (JSC EnePro property)
INITIAL CONTRIBUTION 50,000 EUR:
45,000 EUR (NT valdos, JSC property)
5,000 EUR (JSC EnePro property)
Additional information about object for sale will be provided after signing confidentiality undertaking.
Object visiting is individually arranged with the tender organiser.
Tender rules, their annexes, tender documents and other information is published on the tender organiser's website: http://ntvaldos.inreal.lt/
SALES PROCESS
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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
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ADDRESS P. Lukšio str. 1, 3, 5, 5B, Vilnius, Lithuania
BUILDINGS
GBA – 6,646.37 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 – 650.48 sq. m 8. Production laboratory premises – 398.77 sq. m
GLA 6,282.04 sq. m
OCCUPATION 85.16%
PARKING 205 parking spaces
* 1-7 NT Valdos, JSC property, 8 JSCEnePro property
PROPERTY FOR SALE
1
2
3
4
6 5
7
8
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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
0.2473 ha
NT Valdos part
LITGRID
0.4284 ha
P. LUKŠIO STR. 5B
0.2436 ha
P. LUKŠIO STR. 1
0.6939 ha
ESO
0.4097 ha
P. LUKŠIO STR. 3
0.1256 ha
ENEPRO part
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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
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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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Usually, Vilnius is the most active in the business centre sector and the year of 2017 was no exception – 10 new business centres
were opened in the capital over the year, which added around 79,000 sq. m to the market. Despite the fact that the pace of
development is very high, the demand for modern business centres remained strong in the capital and absorbed almost the entire
newly available area.
Expansion of modern business centres in Vilnius
Source: Inreal
During 2017, the overall vacancy rate in Vilnius increased from 4.8 percent to 5.4 percent. The overall vacancy growth was mostly
influenced by growth in B1 and B2 segments of available areas, where vacant space comprised 6.7 percent and 9.7 percent
accordingly at the end of the year. Meanwhile, the available A class office areas comprised only 1.3 percent. Over the next two years,
around 115,600 sq. m of leasable space will be added to Vilnius market. It is very likely that at least part of the new business centres
will not be leased on the opening day, therefore the vacancy level may increase up to 7-9 percent or even more at the end of 2018
or at the beginning of 2019.
Lease prices in Vilnius remained stable in 2017. The rapidly growing supply of leasable space increased competition between lessors
and softened the potential rise in prices. Currently, the average lease prices of class A offices reach 14-17 EUR/sq. m, B1 – 10-14
EUR/sq. m, B2 – 6.5-10 EUR/sq. m.
Dynamics of vacancies in Vilnius business centres under classes
Source: Inreal
0
100 000
200 000
300 000
400 000
500 000
600 000
700 000
800 000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017F 2018F 2019F
At the beginning of the year (sq. m) Increase per year (sq. m)
0%
2%
4%
6%
8%
10%
12%
A B1 B2
2016 Q4 2017 Q4
VILNIUS OFFICE MARKET REVIEW
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Dynamics of lease prices and vacancies in Vilnius business centres
Source: Inreal
Business centres being developed or planned to be developed in 2017-2018
Business center City Class GLA, sq. m Open date
Link Vilnius A 9,900 2018
Asgaard keys Vilnius A 4,100 2018
Park Town II Vilnius A 14,000 2018
Burė 3 Vilnius A 13,000 2018
Business Stadium Vilnius A 15,000 2018
S7 II etapas Vilnius A 15,000 2018
Duetto II Vilnius B1 8,300 2018
Live Square Vilnius A 6,800 2019
Quadrum South Vilnius A 10,500 2019
S7 III etapas Vilnius A 15,000 2019
Hall 3 Vilnius A 3,000 2019
U219 Vilnius B1 16,000 2019
115,600
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%
2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 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 © 2018 | 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