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Eften enters Lithuania

Alex Hayes 04 August 2017

Alex Hayes


+48 22 356 25 20

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

LITHUANIA Eften Real Estate Fund II AS acquired a complex of almost 30,000 sqm gla comprising two class A buildings with warehouse and office premises, in the Kaunas Free Economic Zone from Genesta Nordic Baltic Real Estate Fund I.

“The property in the Kaunas FEZ is a perfect fit to the fund’s investment strategy. It is also our first acquisition in Lithuania and the fund’s first logistical real estate property in our portfolio,“ said Viljar Arakas, a fund manager at Eften. Built in 2007, the property has long-term tenants that include Itella Logistics, Šviesa, Baltic Transline and Dubingiai. The centre also has parking for 230 vehicles. The transaction price is not to be disclosed under the terms of the contract, which was brokered by Newsec.

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