Real estate project management company EIKA Development has coordinated a new lease transaction – according to the signed agreement, Turto bankas client State Energy Regulatory Council (VERT) will occupy administrative premises of 1 944 sq. m in Ulonų verslo centre. The agreement, signed with the winner of a publicly announced premises rental competition, is concluded for 5 years with the possibility of extending it for another 3 years.
“Ulonų verslo centras” belongs to the investment fund “EfTEN Real Estate Fund” established by the investment management company “EfTEN Capital”, the business center is administered by the real estate project management company “EIKA Development”. In total, “EIKA Development” manages seven commercial objects managed by “EfTEN Capital” in Vilnius.
“A long-term contract with a state institution strengthens the stability of the facility’s tenant portfolio and confirms the building’s competitiveness in the Vilnius office market,” says Mindaugas Juodviršis, asset manager at EfTEN Capital Lietuva.
He is supported by Giedrius Brūzgė, director of the property management department of the real estate project management company EIKA Development, which administers the Ulonų verslo centras.
“We are pleased that VERT will operate in a building that meets the high quality and functionality requirements important for renewing public sector organizations. The business center is located in a strategically convenient location, has well-developed infrastructure and modern workspaces,” says G. Brūzgė.
Turto Bankas CEO Gintaras Makšimas emphasizes that one of the main goals of the company he leads is to ensure that employees of public sector institutions are provided with office space that meets their needs, and that state-owned assets are used rationally.
“VERT’s decision to concentrate its operations in one building is one such example of optimizing the usable area, improving working conditions, and at the same time creating additional value for the state,” says Gintaras Makšimas, CEO of Turto bankas.
“The decision to concentrate the VERT team in one place is primarily focused on our employees – we are consistently strengthening a comfortable and collaborative work environment. At the same time, this will allow us to organize our activities more simply and use available resources more rationally. We appreciate the contribution of Turto bankas in ensuring the smooth progress of the process – this is a significant and exemplary example of effective inter-institutional cooperation,” adds Simona Bindoriūtė-Ryliškienė, VERT Administration Director.