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Project description
Funding is needed for investment purposes to fully settle with the property seller for the real estate object - plot with barrels at Kęstučio str. 41a.
The purpose of this transaction is to complete the acquisition of the property, which is necessary for further high value -added residential and commercial real estate project development in Žvėrynas district .
The project is strategically important, both in the context of the company's development plans and for the urban renewal of Vilnius city. It will supplement the already developed project "Lūšių Island" (Lūšių g. 20), creating synergies between two adjacent projects.
This investment will allow you to secure the land plot and move to further development phase - design, obtaining permits and preparatory work. Because Kestutis str. 41A assets cannot yet be pledged (due to incomplete property transfer process), alternative assurance measures such as Other already acquired real estate shares, existing reservation revenue and personal surety ensuring funding.
Purpose of raising funds
For investments