The seller is YIT Kausta būstas which is a part of Finnish YIT Corporation. The property is located in the second high-rise office area of Vilnius, next to the newly completed western ring road. The building has 10 floors and underground parking space. Floor area of the Duetto I office building is approximately 8,325 m2. The property is anchored by Lindorff and Pernod Ricard.
“We are satisfied to reach an agreement to acquire a brand new energy efficient office building with strong tenants in Vilnius from an experience developer such as YIT and look forward to an increased cooperation in the future,“ noted Tarmo Karotam. Once the sale-purchase agreement is signed, the Fund will also obtain a call option to acquire neighboring Duetto II when the building is constructed in the future.