Investment management company EIKA Asset Management (EAM), part of one of the leading real estate development groups in Lithuania EIKA Group, has established another new closed-end fund – KŪB EIKA Residential Fund III, designed for informed investors. The new fund will achieve 13–15 percent. average annual return for investors. The fund’s duration is 6 years, with the possibility of extending it twice for two years.
KŪB EIKA Residential Fund III is the eighth investment fund established by EIKA Asset Management. It is starting its activities very actively – it is planned to develop a portfolio of about 900 apartments in residential real estate projects in Vilnius. The fund has already invested in the following projects:
- “Forest Sprint” in Visoriai – the project will be developed in three stages, with the planned construction of 524 apartments and 4 commercial premises. The final construction stage is planned to be completed in 2030.
- The project in Pilaitė is a two-phase project, which will include approximately 250 apartments and commercial premises. The project is also scheduled to be completed in 2030.
- Naujamiestis project – in the near future, a project will be developed in the Naujamiestis district, a favorite of Vilnius residents, where about 140 apartments will be built and offered to the market.
“Over the past few months, we have established the second fund of this type, focused on the development of residential real estate in Vilnius. 2025 has become the year of recovery for the primary housing market in Vilnius. Experts predict that this was just an acceleration – this year, sales volumes may return to the record levels recorded in 2021. Vilnius remains one of the fastest developing cities in the region, therefore it is a guarantee of long-term value and growth for investors,” says Andrius Uždavinys, Head of EIKA Asset Management.
According to him, EIKA Development’s calculations show that in 2025 the number of transactions concluded in the Vilnius primary housing market increased by 85 percent – from 3,162 to 5,851. The largest number of transactions was for economy-class housing (2,858), while 2,751 apartments were reserved in the middle-class segment.
“Although we are currently actively operating in Lithuania, as the Vilnius residential real estate market remains extremely attractive to investors, we are also consistently expanding our fund investments abroad – not only in Poland, but also throughout Central Europe and Germany,” emphasizes A. Uždavinys.
Gediminas Tamašauskas, Head of Capital Markets at EAM, has been appointed as the manager of this fund. He joined the EAM team more than two years ago and previously had more than a decade of experience in real estate, investment and financing transactions in London.
The new fund strengthens EIKA Asset Management’s positions in the residential real estate segment and reflects the company’s long-term goal of expanding a diversified, stable-return investment portfolio in Lithuania and foreign markets.