An industrial-administrative complex in a strategic location in Vilnius has been sold
An industrial-administrative complex located on Titnago Street in the western part of Vilnius was sold for almost 2 million euros through Ober-Haus. The 3,600 m² facility was acquired by Almeca UAB, a window manufacturing company. The new owner has adapted the facility for its own use, and production is now underway.
“Despite the somewhat sluggish commercial real estate market in recent years, this complex has attracted a lot of interest — it has been actively evaluated by companies from various sectors looking for space for production, warehousing, or mixed use. Titnago Street is conveniently located in terms of transport and logistics, which is why this type of property remains attractive,” says Remigijus Valickas, Manager of Commercial Real Estate Projects at Ober-Haus.
According to Mr Valickas, the market has recently seen interest in properties that can be quickly adapted to individual operational needs, particularly in the manufacturing, logistics, and service sectors. Although such properties require investment in renovation, they offer businesses more flexibility and the opportunity to start operations more quickly.
“We are seeing a growing number of capital-accumulating companies in Lithuania, and this transaction is a good example of that. Being part of this growth is an important commitment for us and motivates us to continue,” adds R. Valickas.
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