Real estate developer Eika officially launches the management of the new project Tiltas-12, based on the contract with SEB group company Litectus. It is the first project management contract in Lithuania entered into by the real estate development company and bank-owned asset management company. After signing the contract, in the near future Eika will begin to renovate and restore the building in the antique eclectic style of the end of the 19th century – beginning of the 20th century at Tilto Street in the historic Old Town of Vilnius.
Eika will carry out the construction operations of the Tilto-12 project, coordinate the design and sell the apartments. During the reconstruction of the building its authentic arches and vaults, high ceilings and other antique elements will be preserved. The four-storey building will host 33 exclusive apartments with spacious terraces and balconies facing the enclosed courtyard away from the hustle and bustle of the street. The new residents should be able to move into Tilto-12 already by the end of this year.
“This is the first transaction of its kind, which we signed only after careful assessment of the project’s potential and the credibility of the selected project manager. We chose Eika because of its many years of experience in the real estate market, being confident about their competence”, commented Edvinas Malevskis, the Managing Director of UAB Litectus.
About EIKA group
Established in 1992 EIKA is one of the largest real estate developers and construction service providers in Lithuania. Companies of EIKA group: “Eika” is a real estate market leader, valued for the progress, innovativeness and reliability; “Eikos statyba” is one of the biggest construction companies in Lithuania with great experience in the construction and renovation of administrative, public, commercial, industrial and residential buildings.
Marketing and communication manager
Tel.: +370 5 2553 324