• Liquid asset: The project is being developed in a strategically convenient location – Europos pr. 70, Kaunas. This is a rapidly developing part of the city, ensuring high asset attractiveness and liquidity.
• Reserved premises: 45 out of 63 apartments and creative studios have already been reserved. In addition, a 12-year lease agreement has been signed with the main tenant on the second floor – one of the largest gym chains in Lithuania.
• Construction progress: A significant part of the works has been completed in the project: the roof is being finalized, demolition and interior renovation works are underway, electrical connections and installations have been completed on the fourth floor, and approximately half of the masonry works have been completed on the third floor.

About the Project:
The project owner at Europos pr. 70, Kaunas, has acquired a four-storey industrial-use building with a current total area of 8 005,19 m². As part of the capital renovation project, it is planned to increase the building area to 9 345,84 m² and adapt it for mixed use – rental and sale. According to the project solutions, apartments are planned on the fourth floor, creative studios and lofts on the third floor, while the first and second floors will be dedicated to commercial rental. The second floor is already fully leased – a 12-year lease agreement has been signed with one of the largest gym chains in Lithuania. Currently, 45 out of 63 premises sale agreements have been signed, and the project plans to install 80 parking spaces.

Since the start of financing, a significant volume of works has been completed in the project. The building roof is currently being finalized – it has been insulated, part of the roofing has already been installed, skylight structures have been installed and insulated, and technical hatches have been formed. The main demolition works have also been completed. Interior renovation works are progressing rapidly: electrical connections and installations have been installed on the fourth floor, the premises are being finished with plastering, and approximately half of the masonry works have been completed on the third floor.

Additionally, the project developer has leased a part of an adjacent plot from the municipality, which is strategically important for the installation of an additional parking area. Two new preliminary loft purchase–sale agreements have also been signed.

The raised funds will be used to complete the capital renovation works and the final adaptation of the building for rental and sale according to the planned concept.

Loan information:
The loan will be repaid from real estate sales and rental income, while interest will be paid from the company’s working capital or rental income. The projected total project income from sales and rental amounts to 10 938 721 EUR. If necessary, loan refinancing would be possible.

Maximum planned project financing amount: 4 820 000 EUR (2 970 800 EUR already raised). The project is financed based on the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new asset valuation must be performed, and further project financing stages will be announced and collected only if the established maximum LTV is not exceeded.

The planned fundraising period is 7 days, with the possibility to extend up to 30 days if the funds are not collected.