Capitalica Z114 Real Estate Fund publicly issued bond metrics as of 31 December 2024
UAB "Capitalica Z114 Real Estate Fund" (hereinafter – the Company) is a closed-end investment company intended for informed investors, registered at the State Enterprise Centre of Registers on June 25, 2019.
Legal address: Žalgirio st. 114, LT-09300, Vilnius.
The main activity of the Company is the development of commercial real estate in the center of Vilnius. The Company is currently investing in a property complex located on its leased plot at Žalgirio St. 114, Vilnius. The investment involves constructing a new 7-story A-class business center, "Sand Offices," with a total gross area of up to 10,200 square meters.
"Capitalica Asset Management," which manage the Company, invests in commercial real estate and non-equity securities in the Baltic States and the European region. The firm manages 12 properties totaling 92,000 square meters of real estate, with an additional 40,000 square meters under development.
"Capitalica Z114 Real Estate Fund" successfully issued bonds worth 12,4 million euros over 2024. The raised funds are allocated for developing a business center "Sand Offices" in Vilnius.
"Sand Offices" is being implemented according to plan, main construction works are completed. The value of the project, based on an independent valuation report, as of December 31, 2024, amounts to 24.3 million euros.
From the start of the project until December 31, 2024, 19.7 million euros have already been invested. The total project budget amounts to 25.5 million euros. There are no budget overruns. At this stage, the project is 77 percent complete.
LTC (loan to cost) ratio on December 31, 2024 was 65.83 percent.
More information:
CEO of UAB „Capitalica Asset Management“ director
Mindaugas Liaudanskas
mindaugas.liaudanskas@capitalica.lt
+370 612 30412
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