Vilnius College school building on Naugarduka Street for 6.25 million. “Pro Kapital Vilnius Real Estate” was purchased by the Estonian real estate development company “Pro Kapital Group”.
Built in 1957, the four-story 3.4 thousand. sq meters of total area, the building is intended to be used for residential and commercial purposes, Pro Kapital Group reported.
“We want to preserve the assets and the heritage of this building and its environment, we will pay the greatest attention to this when preparing the reconstruction project for this unique building.” We will be able to reveal more detailed renovation plans and investments at a later stage of the works,” Neringa Rasimavičienė, director of Pro Kapital Vilnius Real Estate, said in a statement.
The company indicates that the transaction was concluded on Wednesday, it has not yet been registered in the real estate register.
At the auction held in early July, 6.25 million was offered for the college building. EUR – almost double the original price (3.2 million euros), but the buyer was not disclosed at the time.
This was the first real estate auction and 14 bidders took part.
It was announced that the building is sold because the college does not need it, and the funds received for this should be used by the Vilnius College to equip a library, a chemical laboratory and renovate 2.7 thousand rooms. sqm meters total area dormitory.
“Pro Kapital Group” develops commercial and housing projects in Lithuania, Latvia and Estonia, the company has implemented more than 20 projects with a total area of 250,000 square meters. m² meters. Currently, the investment value of the portfolio managed by Pro Kapital is approximately 180 million. euros.
Source: The Delfi