After receiving approval from the Competition Council, the purchase-sale agreement of the Technopolis business park, concluded by the investment company Lords LB Asset Management and the company Technopolis Lietuva, entered into force.
The Technopolis Ozas office campus located in Vilnius, near Ozas Park, has a new owner. All stages of the purchase-sale agreement of the office campus have been completed, and Lords LB Asset Management, the acquirer, have secured its leadership status in real estate investment (NT).
Technopolis Ozas business park is an exceptional piece of real estate. It forms approximately one-tenth of the area of modern offices in Vilnius – 106,000 square metres with around 140 companies that rent offices. The park consists of six buildings: Alfa, Beta, Gama, Delta, Penta and Nova. All of them have LEED sustainability certificates.
According to Bernotas, the Technopolis Ozas business park was purchased with funds raised by the investment company and a €125 million loan granted by the agreement of two banks, Swedbank and SEB. The banks provided the loan in equal parts, but Swedbank acted as the agent for the transaction and ensured its smooth financing.
Source: europe-re.com on the 5th of March, 2024
https://europe-re.com/lords-lb-am-acquires-technopolis-ozas-office-campus-in-vilnius-lt/72751