Sold the first class A business center in Kaunas "Arka"

The arched building of King Mindaugas Avenue, next to the "Acropolis" and "Zalgiris" arena, was inaugurated on March 16th. It is the first clbad A business center in Kaunas. The total area of ​​the building is 11,600 square meters and the investment in the building amounts to 14 million. Eur. The construction of the seven-storey business center was completed in 2018.

Imlitex Holdings was looking for several thousand square meters of premises in a modern, central location for its new office, but without finding their premises, they have decided to invest in building a business center meeting modern standards.

"While developing our activities in Kaunas, we realized that we wanted to work in a modern office, but we did not find such an object in Kaunas.With the author of the project, Natkevičius & Partners , the architect Gintautas Natkevičius, and consulting NT Newsec, we have achieved the desired goal by creating a business center for modern concepts, in which would be based the most successful companies. years, the plans have become a reality and today we are working in a very modern office for 4 months, where the central business district of Kaunas has started to develop.At the moment, the NT object management is not our main business, therefore, we sold the building with our goal – to have modern premises.According to Bernard Velikonio, investment advisor at Newsec, the sale of 39 Arco is the first of the qua A central business location with A, located in the central business district, according to Newsec, investment advisor, Bernard Velikonio. Office transaction and divestiture transaction in Kaunas (investors also acquired the business centers Clbad B "Baršausko 66" and "Kauno Dokas"). The interest of pre-investors for the purpose, even at the stage of its development, has shown that market players are satisfied with the office market in Kaunas. In addition, the development of the "Arka" business center was one of the main factors that encouraged other investors to start the development of a central business district. .

"Recently, a paradoxical trend emerged, when Kaunas, which attracts investors much less, outperforms Vilnius's investment activity. only the potential of the Kaunas market, but also confirms some stagnation in Vilnius ", – says B. Velikonis.

In the first half of this year, more than 30 thousand were rented in Kaunas. kv. m of modern offices, and most new objects are open with less than 15%. Vacancy rate

The seven-story business center has received a lot of attention from the tenants – "Arka" was opened to a full-time employer, the tenants signed contracts of long term rental. According to B. Velikonis, Newsec Investment Advisor, due to a viable job market, a growing foreign investment and a dynamic real estate market, Kaunas becomes an equivalent competitor of the capitals of the countries Baltics and the volume of commercial investment in NT transactions could further increase

. The high-rise premises are currently rented by Swedbank, Happspace is on the 4th floor, Helis on the 5th floor, and the Imlitex Holdings group of companies is located on the 6th and 7th floors of Arka. The restaurant "Snob", which belongs to the owners of the restaurant UOKSAS, one of the thirties of Lithuania, will open soon in the Arké.

Each building of the company has a recreation area for employees, working conditions for workers. but also special rooms with showers and storage cabinets.

The legal counsel of Imlitex Holdings was provided by Cobalt during the transaction, and Ellex Valiunas was the buyer.