This post was automatically translated into English
Real estate developer Eika officially begins management of the new project Tilta-12 under an agreement with SEB Group company Litectus.
Real estate developer Eika officially begins management of the new project Tilto-12 under an agreement with SEB Group company Litectus. This is the first project management agreement in Lithuania concluded between a real estate development company and a bank-owned asset management company. After signing the agreement, Eika will soon begin reconstruction of the late 19th century – early 20th century building in the ancient eclectic style in the historic Vilnius Old Town, on Tilto Street.
The company “Eika” will carry out the construction work of the project “Tiltos-12”, coordinate the design and simultaneously carry out the sales of apartments. During the reconstruction of the building, authentic arches and vaults, high ceilings and other ancient elements will be preserved. The four-story building has been designed with 33 exclusive apartments with terraces and spacious balconies, which are oriented towards a closed inner courtyard away from the hustle and bustle of the street. It is planned that the settlers of “Tiltos-12” will be able to settle in by the end of this year.
“This is the first transaction of this type, which we concluded after carefully assessing the project’s potential and the reliability of the selected project manager. We chose the company “Eika” because of its many years of experience in the real estate market, without doubting their competence,” says Edvinas Malevskis, General Director of UAB “Litectus”.
About the Eika group of companies
Founded in 1992, the company “Eika” is one of the largest real estate development and construction groups in Lithuania. The group of companies consists of: UAB “Eika” – a leader in the real estate market, valued for its innovation, reliability and responsibility; UAB “Eikos statyba” – a construction company with extensive experience in the construction and renovation of administrative, public, commercial, industrial and residential buildings.
About Litectus
UAB Litectus is a company established and managed by the international SEB group, cooperating in many areas with the SEB bank group operating in Lithuania, but managing its own asset portfolio independently. These assets consist of residential and commercial real estate, unfinished construction projects and land plots for various purposes.
More information:
Vitalija Roče
Marketing and Communications Manager
Phone: +370 5 2553 324
Mobile: +370 698 56273
Email. [email protected]