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COMPLEX OF OFFICE BUILDINGS WITH BUILDING PERMIT P. LUKŠIO STR. 1, 3, 5, 5B , VILNIUS

INVESTMENT PROPOSAL

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KEY

FEATURES

• Convenient strategic location and excellent accessibility –

the object for sale is next to the strategic transport arteries

(Kalvariju Kareivių-Ozo) intersection;

• 6,688 sq. m of GBA;

• Four land plots of total area of 1.3468 ha;

• Almost fully leased space;

• Development opportunities – issued building permit for a

11,146.87 sq. m of office building

INVESTMENT PROPOSAL This Property Investment Proposal has been prepared by “Inreal”, JSC (further – Inreal) on the basis of information provided by our

client – NT Valdos, JSC. The sole purpose of the Proposal is to present the Property and the basic sales and Property information to

the Parties, which could be interested in acquiring it (further - Interested Party). The Proposal is prepared for a limited number of

Interested Parties. It contains certain information about the Property and circumstances, that could assist an Interested Party in

deciding, whether to participate in Property acquiring procedure.

The Proposal was prepared on the basis of the copies of certain documents, the information known by Inreal as well as the records

in the publicly available Register; including documents, confirmations, consents and the like. We have not verified whether all

information delivered is true and comprehensive, except to the extent that we have specified in the Proposal. Inreal is not liable for

changes in information or replacement or elimination of documents if Inreal was not informed of such.

Inreal shall not be obligated to update, adjust or correct any information contained in the Proposal. Inreal shall not be liable for any

manner, in which an Interested Party may use or construe information contained in the Proposal.

The Proposal is not and shall not be deemed as a recommendation to an Interested Party, to participate in the acquiring procedure.

Each Interested Party who has received this Proposal should carry out independent assessment of the Property acquiring

circumstances.

The Proposal is solely for your information, to assist you in making decision, whether to proceed with the Property acquisition.

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The

The property will be sold by public Auction

AUCTION OBJECT CODE NV/2018/04-02 NV/2018/04-02

EXECUTION DATE OF AUCTION 28 February 2019, 15:00 pm 12 December 2018, 12:00 pm

EXECUTION ADDRESS OF AUCTION “Inreal”, JSC office, T. Narbuto str. 5, Vilnius “Inreal”, JSC office, T. Narbuto str. 5, Vilnius

DEADLINE FOR SUBMISSION OF AUCTION DOCUMENTS

25 February 2019, 15:00 pm From 10 December 2018, 9:00 am

till 12 December 2018, 11:00 am

ADDRESS FOR SUBMISSION OF AUCTION DOCUMENTS

“Inreal”, JSC office, T. Narbuto str. 5, Vilnius

Weekdays from 9:00 am to 17:00 pm, but no later than the deadline of the registration of documents.

“Inreal”, JSC office, T. Narbuto str. 5, Vilnius

Weekdays from 9:00 am to 17:00 pm

STARTING AUCTION PRICE 4,482,600 EUR + VAT 4,536,000 EUR + VAT

INITIAL CONTRIBUTION 50,000 EUR 50,000 EUR

• Additional information about object for sale will be provided after signing confidentiality undertaking.

• Object visiting is individually arranged with the Auction organiser.

• Auction rules, their annexes, Auction documents and other information is published on the Auction organiser's website: http://ntvaldos.inreal.lt/

SALES PROCESS

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Object for sale is in Žirmūnai eldership. It is one of the most densely populated and rapidly developing part of Vilnius, which is considered to be one of the most attractive locations for the development of residential and commercial projects.

The object for sale is next to the strategic transport arteries (Kalvariju Kareivių-Ozo) intersection, about 5 km away from Vilnius Old town. The object for sale is mostly surrounded by commercial objects, but densely populated residential areas are nearby. The property is easily accessible by private and public transport from all districts of Vilnius.

Property location

PROPERTY LOCATION

Old town

Object for

sale

Ozo park

Ogmios city

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ADDRESS P. Lukšio str. 1, 3, 5, 5B, Vilnius, Lithuania

BUILDINGS

GBA – 6,687.79 sq. m:

1. Office building – 1,425.37 sq. m 2. Office building – 291.85 sq. m 3. Garage – 140.71 sq. m 4. Production building – 737.07 sq. m 5. Office building – 2,597.86 sq. m 6. Office building – 304.26 sq. m 7. Production laboratory premises – 691.90 sq. m 8. Production laboratory premises – 398.77 sq. m

GLA 6,277.16 sq. m

OCCUPATION 89.49%

PARKING 205 parking spaces

PROPERTY FOR SALE

1

2

3

4

6 5

7

8

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MAIN LAND PLOT PURPOSE

P. Lukšio str. 1 – other (commercial purpose)

P. Lukšio str. 3 – other (commercial purpose)

P. Lukšio str. 5B – other

P. Lukšio str. 5B (1) – other

LAND PLOT AREA

1.3468 ha from 2.1849 ha

P. Lukšio str. 1 – 0.6939 ha from 1.5320 ha

P. Lukšio str. 3 – 0.3728 ha

P. Lukšio str. 5B – 0.2436 ha

P. Lukšio str. 5B (1) – 0.0365 ha

MANAGEMENT LAW

State land lease law:

P. Lukšio str. 1 – until 2085 12 19

P. Lukšio str. 3 – until 2098 06 14

P. Lukšio str. 5B – until 2097 06 11

P. Lukšio str. 5B (1) – until it is necessary for the city needs but no longer than until 2019 12 18

LAND PLOTS

P. LUKŠIO STR. 3

0.3728 ha

LITGRID

0.4284 ha

P. LUKŠIO STR. 5B

0.2436 ha

P. LUKŠIO STR. 1

0.6939 ha

ESO

0.4097 ha

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In 2015 12 22 Construction permit No. LNS-01-151222-01627 was issued for a new office building in

Lukšio str. 1

GBA OF DESIGNED BUILDING 11 146,87 kv. m

GLA OF DESIGNED BUILDING 6 413,40 kv. m

NUMBER OF FLOORS 9

PARKING

231 parking spaces

In the building – 143 parking spaces

On the P. Lukšio str. 1 land plot – 88 parking spaces

DEMOLISHED BUILDING AREA 432.56 sq. m

BUILDING PERMIT

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DESIGNED OFFICE BUILDING

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PROPERTY PHOTOS

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PROPERTY PHOTOS

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PROPERTY PHOTOS

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Due to a favourable business and economic environment, currently the segment of offices is very active and liquid, the demand for

modern offices is particularly high, and the range of lessees is diverse: from local expanding companies to establishing new foreign

companies. During the first half-year of 2018, only one business centre was opened in Vilnius; it has added about 8,500 sqm of gross

leasable area. By the end of the year, there will be 5 new office projects launched in the capital city; they will add about 56,000 sqm

of gross leasable area to the market. In 2019, it is expected to open at least another 6 business centres with 75,000 sqm of gross

leasable area.

Expansion of modern business centres in Vilnius, sq. m

Source: Inreal

Regardless of high development paces, the demand for modern business centres in the capital city is particularly high, and almost

the entire new area is taken up. During the first half-year of 2018 the total vacancy rate in Vilnius has decreased from 5.4 to 3.7

percent and is the lowest in Europe. The decrease in overall vacancy rate was mostly resulted by the decrease in vacancies in B1

and B2 segments, where vacant area covered 4 and 5.6 percent, respectively, at the end of the first half-year of 2018. Meanwhile,

the vacancy rate in Class A segment was only 1.4 percent.

Dynamics of vacancies in Vilnius business centres under classes

Source: Inreal

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018P 2019P

At the beginning of the year (sq. m) Increase per year (sq. m)

0%

1%

2%

3%

4%

5%

6%

7%

A B1 B2

2017 Q2 2018 Q2

VILNIUS OFFICE MARKET REVIEW

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In the first half-year of 2018, the lease prices in Vilnius, particularly those of higher class, have an insignificant trend of increase,

regardless of rapidly growing supply of leasable area. Currently the average lease prices of Class A offices in Vilnius are 14-17

EUR/sqm, B1 – 10-14 EUR/sqm, and B2 – 7-10 EUR/sqm.

Dynamics of lease prices and vacancies in Vilnius business centres

Source: Inreal

0 EUR

2 EUR

4 EUR

6 EUR

8 EUR

10 EUR

12 EUR

14 EUR

16 EUR

18 EUR

0%

1%

2%

3%

4%

5%

6%

7%

2013Q1

2013Q2

2013Q3

2013Q4

2014Q1

2014Q2

2014Q3

2014Q4

2015Q1

2015Q2

2015Q3

2015Q4

2016Q1

2016Q2

2016Q3

2016Q4

2017Q1

2017Q2

2017Q3

2017Q4

2018Q1

2018Q2

ren

t p

rice

vaca

ncy

rat

e

Vacancy rate in business centres of Vilnius Average lease price of A class offices

Average lease price of B1 class offices Average lease price of B2 class offices

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JULIUS BELANOŠKA

HEAD OF BROKERAGE DEPARTMENT

Mob. +370 696 50605

JULIUS.BELANOSKA@INREAL.LT

___________________

JSC “INREAL“

T. NARBUTO STR. 5

08105 VILNIUS, LITHUANIA

FAKS. +370 5 273 3065

WWW.INREAL.LT

INREAL GROUP

CONTACTS

JSC “INREAL”

T. NARBUTO STR. 5

08105 VILNIUS, LITHUANIA

TEL. +370 5 273 0000

E-MAIL INFO@INREAL.LT

WWW.INREAL.LT

JSC “INREAL GEO”

T. NARBUTO STR. 5

08105 VILNIUS, LITHUANIA

TEL. +370 615 25404 E-MAIL GEO@INREAL.LT WWW.INREAL.LT

JSC “INREAL VALDYMAS”

T. NARBUTO STR. 5

08105 VILNIUS, LITHUANIA

TEL. +370 5 273 0944

E-MAIL INFO@INREAL.LT

WWW.INREAL.LT