The office complex Quadrum BC is located in the heart of Lithuania’s capital, Vilnius, in the area of the central business district. The landmark property is one of the largest office complexes in the Baltic region, built in three stages during 2016-2019. It has over 44,000 m2 of net leasable area. It also has three levels of underground parking with some 700 parking lots. Quadrum BC is anchored by the third-largest Baltic commercial and retail bank, Luminor (owned by Blackstone and DNB/Nordea), which occupies roughly 30% of the total area. There are over 35 tenants among which a mix of local head offices and international tenants.
Quadrum BC is the first office property acquired by Deka Immobilien in Lithuania. Besides Quadrum BC Deka owns 2 shopping centres: Akropolis SC in Kaunas and BIG SC in Vilnius.
The Baltic countries continue to demonstrate solid macro fundamentals, continuous convergence to EU countries and influx of SSC/BPO tenants to the region.
The seller was advised by law firm TGS Baltics and the buyer was advised by law firm Sorainen.