In addition, the company has signed a sale and purchase agreement to acquire a neighboring land plot with expansion potential of at least 20,000 square meters. The total investment value of the deal is approximately EUR 32M. The building, with a gross leasable area of approximately 13,800 square meters and a pre-let rate of 44%, is expected to be completed in October 2017. The seller of the properties is ICOR Group.
 
“These investments will allow us to expand our business in Vilnius in accordance with the company’s growth strategy. Our current campus is full, and the occupancy of our recently completed Delta building is over 90%. This deal will enable us to provide customers with expansion space almost immediately, while providing a growth platform for the next step in our organic expansion in Vilnius,” says Keith Silverang, CEO of Technopolis.