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JSC Atsinaujinančios Energetikos Investicijos, a closed-end investment company focused on renewable energy, managed by Lords LB Asset Management, has successfully divested 100% of its ownership in Energy Solar Projekty Sp. z o.o. to a UK-based investment management firm specializing in renewable energy infrastructure. The transaction involves a portfolio of 66 MW solar photovoltaic (PV) farms in Poland, which have been operational since 2020.
The company Atsinaujinančios Energetikos Investicijos continues to invest in Poland. Following the signing of a contract with the contracting company P&Q, construction of a 48 megawatt (MW) solar park with a value of €30 million is starting in the neighbouring country.
A new hotel AC Hotel by Marriott will be located in St. Jacob’s quarter in Vilnius. The investment fund Lords LB Special Fund IV, which is developing this hotel, has chosen its operator – the international hotel management company Apex Alliance. The new hotels doors for its first guests will be open in the summer of next year.
Read moreIn the first half of 2024, according to the unaudited half-yearly financial statements of the managed companies, the aggregated rental income from operating facilities amounted to 5.9 million euros (income grew by +106% compared to a year earlier). Accordingly, the group’s aggregate operating profit (EBITDA) before investment company management fees amounted to 4.1 million. euros (+116% compared to a year earlier). Occupancy of the leased space of the property owned by Tewox companies exceeded 98%, of which almost 33% is made up of well-known food chains.
Read moreSpecial closed-ended real estate investment company AB Tewox (“Tewox”) plans its first public bond issue. Company prepared Prospectus that allows to issue up to 35 million euro worth bonds. The bonds will be issued in tranches and will be offered to retail and institutional investors of the Republic of Lithuania, Latvia and Estonia. This issue is expected to be listed on the Nasdaq Baltic Bond List. Tewox has mandated Luminor as an Arranger and Dealer for this bond issue.
Read moreSt. Jacob’s quarter will soon become another attraction of the city. Lords LB Special Fund IV is pleased to announce its latest project – the opening of the prestigious Marriott International hotel AC Hotels by Marriott on the territory of the former St.Jacob’s Hospital. It is planned that AC Hotels by Marriott in Vilnius will open its doors in 2025 in the summer.
Read moreLords LB Special Fund IV, the fund developing St.Jacob’s quarter in Vilnius, signed an agreement with the Center of the Modern School.
Read moreFunding for the construction of a solar park in Poland has been guaranteed. EUR 45 million will be allocated for this purpose. This is the size of the joint loan agreement signed by Atsinaujinančios energetikos investicijos with Eiffel Investment Group (Eiffel) and the European Bank for Reconstruction and Development. The company has now secured a EUR 45 million bridge loan for the construction of 16 solar PV projects in Poland with total capacity of 114.7 MW. The loan was granted in equal shares of EUR 22.5 million by the European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group for the construction of a solar park in western Poland. A short-term “bridge facility” type loan was granted to the company.
Read moreLords LB Special Fund IV, the fund developing St. Jacob’s quarter (Vasarios 16 st., Vilnius), is conducting negotiations with companies providing educational services. Construction works on the territory of the former St. Jacob’s hospital, located between Lukiškių Square and the White Bridge, are nearing completion. The aim is for the whole complex to be leased to an educational institution, which would even have the possibility of housing pupils or students. The lease is currently being negotiated with several potential educational operators. The historical complex of buildings located in the central part of the city has a lot of potential and will be adapted for education and various commercial, cultural and urban activities.
Read moreUAB “Investmira”, owned by Lords LB Special Fund I Subfund A, has successfully redeemed a largest bond issue in the history of Lords LB Asset Management – 55mn EUR. The bond issue has been used to finance the development of business centre “Artery”, designed by Daniel Libeskind and located at the heart of Vilnius CBD – Konstitucijos avenue. The development phase of “Artery” is completed and the property is already 90% leased out.
Read moreThe investment company “Baltic Opportunity” managed by “Lords LB Asset Management” and the company “Technopolis Lietuva” shaked hands. Both companies signed a purchase-sale agreement for the “Technopolis Ozas” business park in the Vilnius and submitted documents to the Competition Council. This is the biggest real estate transaction in the Baltic countries this year, which will be completed after receiving the approval of the Competition Council.
Read moreAtsinaujinančios Energetikos Investicijos (AEI) has announced the EUR 13.22 million green bond issue with a 10% yield and a maturity date in December 2025.
Read moreAB Tewox, an investment company managed by Lords LB Asset Management, has announced the acquisition of five retail parks in Głowno, Świdnica, Przemyśl, Kalisz and Puławy in Poland.
Read moreThe “Lords LB Special Fund III” fund, together with JSC “Eriadas”, received a construction permit to build and develop a project of apartments with additional services in Drujos street, Vilnius.
Read moreIn 2020 “Lords LB Special Fund IV” presented the renovation project of St. Jacob architectural quarter in Vilnius. One of the most important stages of the construction work has already been completed – a wreath has been erected in the block to mark this event. The renewed historical quarter will consist of St. Church of the Apostles Philip and James, Dominican monastery, spaces for educational activities with an inner garden and commercial premises.
Read moreAEI was founded in 2020 and is managed by Lords LB Asset Management, a premier provider of investment management services to institutional and individual investors established in 2008.
Read moreJSC “Atsinaujinančios energetikos investicijos” has signed an agreement worth 105 million PLN (22,4 million EUR) with Bank Pekao S.A. to finance the construction of 67.8 MW solar PV plants in Poland.
Read moreThe company UAB “Vilniaus miesto projektai” managed by the investment company “Lords LB Asset Management” borrowed 8 million euros in the bond market for twelve months with 6.5 percent annual interest.
Read moreLords LB Special Fund IV, the developer of St. Jacob’s Quarter in Vilnius, Vasario 16-osios Street, is proud to announce its new tenant, Royal Russell School. The British international school will open its doors in 2024 and will be the first boarding school in Lithuania. The school will also admit day pupils from the wider Vilnius region.
Read moreLvivo Business Centre, managed by Lords LB Special Fund I Subfund B of the investment management company Lords LB Asset Management, has been awarded BREEAM Outstanding, the highest international BREEAM New Construction certificate for sustainable buildings. This rating is the world’s most widely used and leading sustainability certification for buildings. The awarded business centre is located at 37 Lvivo Street, Vilnius.
Read moreThe winner of the international architectural invited competition for the business complex at 68A Lvivo Street, Vilnius, has been announced. The “White River” project by the Lithuanian architecture studio Arches won the competition.
Read moreLords LB Baltic Fund III, a closed-end real estate investment fund managed by UAB Lords LB Asset Management, has ended its operations and sold its last asset. The fund was launched in May 2012.
Read moreUAB Vilniaus Miesto Projektai, a company managed by the investment company Lords LB Asset Management, borrowed EUR 8 million on the bond market for a period of twelve months at an annual interest rate of 6.5%.
Read moreAS PN Project, a fund managed by the Lords LB Asset Management investment company, has signed two financing agreements worth EUR 25 million each. A total of EUR 50 million has been granted by the Nordic Investment Bank (NIB) and Citadele Bank for the construction of the BREEAM Excellent business centre Preses Nama in Riga.
Read moreInvestments in Renewable Energy (UAB „Atsinaujinančios energijos investicijos“), a closed-end investment company for informed investors managed by Lords LB Asset Management, together with Taaleri SolarWind II, a fund managed by Taaleri Energia, has acquired the wind farms under development in Anykščiai, Jonava and Rokiškis regions from European Energy, the Danish renewable energy company. The total installed capacity of the wind farms will be up to 186 MW. The first power plants will start operating this year and construction of all parks is scheduled to be completed by the end of 2022.
Read moreLords LB Baltic Green Fund (V), a closed-end real estate investment fund, has acquired Holiday Inn, a 4+ star chain hotel at 1 Šeimyniškių Street 1, Vilnius. The Fund acquired 100% of the shares of Valmeda, the company that manages the hotel. The transaction was brokered by Sorainen law firm. By agreement of the parties, the financial information of the transaction is undisclosed.
Read moreSMI Marijampolė, a project company of the closed-end real estate investment fund Lords LB Baltic Fund III, has sold a shopping centre at 3 Dariaus ir Girėno Street, Marijampolė. The deal was brokered by Newsec, an international real estate consultancy, and Sorainen law firm. The property was acquired by UAB Rivona. By agreement of the parties, the financial information of the transaction is undisclosed.
Read moreIn Riga, a capsule-laying ceremony marks the start of the construction of the Preses Nama district. A capsule with a text describing the history of Riga and its hopes and ideas for the future was placed in the foundation of the soon-to-be-built buildings for future generations.
Read morePV Energy Projects, the Polish subsidiary of the investment company Investments in Renewable Energy (UAB „Atsinaujinančios energijos investicijos“), has won an incentive tariff auction in Poland and secured a fixed price for solar energy from 29 solar power plants operated by the company, each with an installed capacity of 1MW. The Contract for Difference (CfD) tariff is set for 15 years. PV Energy Projects owns solar development projects in Poland with a total capacity of 73.4 MW.
Read moreInvestments in Renewable Energy (UAB „Atsinaujinančios energijos investicijos“), a closed-end investment company for informed investors managed by Lords LB Asset Management, has bought a portfolio of 21.9 MW of solar power plants in Poland from E Energija Group. The installation of these solar farms will provide green electricity to 11,000 households in Poland.
Read moreLords LB Baltic Fund III, a closed-end real estate investment fund, has sold a shopping centre in Jelgava, Latvia. The deal was brokered by Newsec, an international real estate consultancy. The company that acquired the property is undisclosed. The parties have also agreed to keep the financial information of this transaction confidential.
Read moreThe close-ended real estate investment fund Lords LB Special Fund II, managed by Lords LB Asset Management, has successfully completed its operations and was closed by decision of the Bank of Lithuania. The Fund’s average annual return for investors equals 22.5%.
Read moreTerseta UAB, a company owned by investment management company Lords LB Asset Management’s Lords LB Baltic Fund IV, borrowed EUR 8 million euros on the bond market. The bonds were issued with 18 months maturity at an annual interest rate of 6%.
Read moreOutstanding international capital and financial markets magazine Euromoney has ranked Lords LB Asset Management as the best investment manager in Lithuania in 2020. Company has retained its leadership position as the best investment manager in the country and has earned the award for the second time.
Read moreAt end of July, implementation of the first phase of the Press House Quarter project will start. This includes the rebuilding of the historic Press House building. Before the start of building work, media representative had the chance to document the Press House’s indoor premises for the last time.
Read moreThe European Investment Bank (EIB) has signed today its first loan to a company building and running photovoltaic plants in Poland. The EU bank will lend PLN 82m (around EUR 18m) to Energy Solar Projekty sp.z o.o. for the construction and operation of 66 small-scale, independent photovoltaic (PV) plants. With an average nominal capacity for each plant of less or equal than 1 MW, the total capacity will reach about 65,6 MW. This is the equivalent of 19,000 households, which could be supplied with the energy generated by the project.
Read moreThe Riga City Construction Board has issued a building permit for the construction of the 1st phase of the new Preses Nams quarter. In the first development phase of the project, a modern Class A office centre is planned to be built, as well as a commercial area with the first rooftop football field in the Baltics and a Holiday Inn hotel, which will be the first InterContinental Hotels Group (IHG) hotel in Latvia.
Read moreThe Paris-based Eiffel Energy Transition Fund has signed a bond subscription agreement with JSC Atsinaujinancios energetikos investicijos for a private ordinary bond emission of more than EUR 30m. The company is a subsidiary of the Energy and Infrastructure SME Fund, which is managed by Lords LB Asset Management.
Read moreSubsidiary of Parkdema, managed by Energy and Infrastructure SME Fund, has acquired parking operator SIA EuroPark Latvia.
Read moreThe Bank of Lithuania approved changes in the management of investment management company Lords LB Asset Management as it is expanding the scope of its Funds’ activities.
Read moreHoliday Inn, the largest hotel brand in the world, is targeted to open in Latvia’s capital Riga, in September 2022 in the former iconic Preses Nams building in the heart of the city.
Read moreOn June 7th it was announced that company Terseta, owned by the investment property fund Lords LB Baltic Fund IV, won a tender for the acquisition of state-controlled energy holding Lietuvos Energija main office. For the buildings of 16,000 square meters on Žvejų str. in Vilnius the Fund offered 23,903,550 EUR (incl. VAT).
Read moreAidas Ignatavičius has joined the investment management company Lords LB Asset Management as the manager of Energy and Infrastructure SME as well as Energy Infrastructure Baltic Fund funds.
Read moreIn December, retail chain PEPCO will open store in the shopping center operating on Dariaus and Gireno str. 3A, in Marijampole. This will be the first store in Lithuania for the chain, which currently operates more than 1200 stores in several Central European countries.
Read moreThe asset management company INVL Asset Management established a fund, INVL Alternative Assets Umbrella Fund II, the first sub-fund of which, INVL Partner Energy and Infrastructure Fund, will invest all the assets into the fund intended for informed investors Energy and Infrastructure SME Fund managed by Lords LB Asset Management.
Read moreTelia establishes a group service centre in Vilnius, with the ability to grow and serve Telia Company group with a variety of global services – from IT and technology to sourcing and other internal services. The service centre will be based in the k29 business centre on Konstitucijos avenue.
Read moreIn July Lords LB Special Fund V, real estate investment fund managed by the investment management company Lords LB Asset Management, acquired the building of the former Press Chamber in Riga. An international council of six supervisors, which will be managed by investor and former Ukrainian Minister of Economy Aivaras Abromavičius, was elected for the development of this project.
Read moreOn August 22, Lords LB Baltic Fund IV, real estate investment fund managed by the investment management company Lords LB Asset Management, signed a purchase agreement for the shopping centre GO9. The building of more than 12,000 square meters located on Vilnius Gedimino Avenue accommodates fashion store H&M, bookstore Vaga and supermarket RIMI among others.
Read moreEnergy and Infrastructure SME Fund, managed by Lords LB Asset Management, Lithuania based fund management company, announced that it has acquired 100 percent of shares of City Parking Group S.A. from Royalton Capital Investors II L.P., a private equity fund.
Read moreSwedbank in Lithuania has agreed with JSC Investmira, a subsidiary of Lords LB Special Fund I, a fund, managed by Lords LB Asset Management, on a EUR 30 million long term financing. The loan will finance the construction of a multifunctional complex in Konstitucijos av. in Vilnius, comprised of A class business center and a Radisson RED hotel, the first in the region. The complex was designed by D. Libeskind, one of the most renowned architects in the world.
Read moreLords LB Special Fund V of the Lithuanian investment management company Lords LB Asset Management is going to invest more than 200 million euros into the territory of former Press Chamber in Riga that was acquired for 16.8 million euros from Latvian Shipping Company, owned by Vitol. That will be the largest office space development project in the Baltics and one of first steps of the company’s expansion in the region.
Read moreThe office building ‘k29’ situated on Konstitucijos avenue, in the capital of Lithuania, received the highest evaluation for the harmony with the surroundings in the Baltic States. The building was granted Excellent BREEAM In-Use certificate. So far it is the first and the only building holding this type of certificate in the Baltic States.
Read moreOn 25 April, the largest and most modern centre of pet products Dino Zoo in Eastern Europe was opened at the shopping centre Krasta 52, in Riga. The largest indoor trampoline centre in Latvia – Jump Space and the centre of building and finishing materials Kurši have already been opened in the centre.
Read moreA new fund manager Jonas Kimontas joined the team of investment management company “Lords LB Asset Management”. He started to manage the funds of “Energy and Infrastructure SME”, “Energy and Infrastructure Baltic Fund” and “Lords LB Private Equity Fund III” from January 2017.
Read moreAt the competition of the best RE project ‘For Sustained Development’ organised by the Lithuanian Real Estate Development Association (LNTPA) for the tenth year in Lithuania, the commission recognised the k29 office complex at Konstitucijos avenue, in the capital city, as the best commercial project. Building managers and architects emphasise that harmony with nature and people was in the main focus from the very beginning of the project.
Read moreIn the end of October, Energy and Infrastructure SME Fund controlled by investment management Lords LB Asset Management acquired Čiurlionio tiltas, JSC from Hidrostatyba company, which controls the concession of design, construction and operation of the transport node on the left access to M. K. Čiurlionis Bridge. In the next 16 years, the investment fund will participate in this project, while Hidrostatyba will continue carrying out its maintenance and operation.
Read moreOn 6 December, Vilnius City Notary Bureau No. 32 moved to the k29 office complex situated in the centre of Vilnius. The notary bureau joins the companies, such as: Nasdaq, AIG, KPMG, Seesam, and others having their offices in the building situated at Konstitucijos avenue.
Read moreOn 11 November, real estate investment fund Lords LB Baltic Fund IV acquired the third object – a complex of offices EU House. The building situated in the very heart of Tallinn houses the representative offices of the European Commission and of the European Parliament, audit company EY, law firm Lextal, etc. However, it is not the last purchase of the Fund in the Baltic capital cities.
Read moreOn 24th of October, closed-end real estate investment fund Lords LB Baltic Fund I ceased its activities. During the whole business period of seven years, the fund repaid the total invested amount and earned profit to the investors. Those who invested into the fund from its business commencement earned the return of over 11 per cent annual interest.
Read moreRezidor, one of the most dynamic hotel groups worldwide and a member of the Carlson Rezidor Hotel Group, is proud to announce the signing of the first Radisson RED in the Baltics, Russia & CIS region. The hotel will be in Vilnius city center, next door to the existing Radisson Blu Lietuva hotel and only a short walk from the historical Old Town. The around 200 room Radisson RED Vilnius is expected to open its doors by early 2020.
Read moreThe Bank of Lithuania has approved the rules of Energy and Infrastructure SME Fund, established by Lords LB Asset Management. The fund will specialise in investments in energy and infrastructure projects in the Baltic countries. This is a closed-end fund intended for informed investors.
Read moreThe Supervision Service of the Bank of Lithuania has approved the rules of Lords LB Special Fund IV, a real estate investment fund to be established by UAB Lords LB Asset Management. This is a closed-end fund intended for informed investors.
Read moreJan Litborn has been elected as the Chairman of the Board of investment management company Lords LB Asset Management. In addition to Litborn, a partner with Swedish law firm Glimstedt, the Board also includes three shareholders of Lords LB Asset Management, namely Mindaugas Marcinkevičius, Andrius Stonkus and Antanas Vainauskas, as well as Domas Kačinskas, the director of Lords LB Asset Management. All the members of the Board have been approved by the Bank of Lithuania.
The Board took office on 4 January, with the term of office scheduled to expire in December 2019.
Read moreArchitectural solutions for a multifunctional complex, k18B, were presented by participants in an international architectural competition at the k29 business centre in Vilnius. The winner of the two-month competition, which involves ten prominent architectural firms from Lithuania and from around the world, will be announced on 29 April.
Read moreInvestment management company Lords LB Asset Management is to establish two new closed-end informed investor-oriented real estate investment funds, Lords LB Special Fund II and Lords LB Special Fund III. The Supervision Service of the Bank of Lithuania has approved the rules of these funds.
Read moreLords LB Baltic Fund IV operated by investment management company Lords LB Asset Management has completed the transaction for the acquisition of the Comfort Hotel LT – Rock’n’roll Vilnius hotel in the Lithuanian capital. After receiving permission from the Competition Council, the Fund has acquired a 100% shareholding in UAB Eicore, the hotel operator, from Norwegian investment fund Selvaag.
Read moreAn international competition has been launched to select an architect for a new office and hotel complex to be built on Konstitucijos Avenue. It is organised by the Lithuanian Union of Architects, Vilnius City Municipality and investment management company Lords LB Asset Management. The organisers expect the best architectural ideas to adorn the modern centre of Vilnius and contribute to the efforts to make the capital city comfortable for Vilnius residents and attractive to investors.
Read moreLords LB Baltic Fund IV operated by investment management company Lords LB Asset Management is to acquire the Comfort Hotel LT – Rock’n’roll Vilnius hotel in the Lithuanian capital. The Fund will purchase a 100% shareholding in UAB Eicore which owns the hotel. UAB Eicore is currently controlled by Norwegian fund Selvaag Eastern European Development.
Read moreNP Logistics has expanded its rented area at the Bergi logistics centre operated by investment fund Lords LB Baltic Fund III. The company provides logistics services to Laima, Latvia’s leading producer of confectionery.
The total area rented by NP Logistics has increased from previous 10,000 square metres to almost 15,000 square metres. The installation of the necessary equipment on the new rented premises will soon be completed, with warehousing operations to be launched in February.
Read moreHaving examined the application of Lords LB Asset Management and related material, the Supervision Service of the Bank of Lithuania has declared null and void the rules of Lords LB Baltic Fund II, a closed-end special real estate investment fund managed by this company.
Lords LB Baltic Fund II is the second successfully closed investment fund managed by investment management company Lords LB Asset Management. This Fund has invested EUR 32 million in the development of business centre k29. The four-year k29 development stage is over, so the Fund is now being closed. Both foreign and Lithuanian institutional and private investors invested in the Fund. Annual returns for investors reached 23.63%.
Read moreLords LB Asset Management has established Lithuania‘s first fund that will specialise in investments in energy and infrastructure projects in Lithuania, Latvia and Estonia. The Baltic Energy and Infrastructure Fund (BEIF) is expected to accumulate EUR 200m in assets under management within three years.
Read moreThe last tenants moved in to the new k29 business centre located at Konstitucijos pr. 29, Vilnius thus wrapping up the k29 development stage. Lords LB Baltic Fund II of investment management company Lords LB Asset Management invested EUR 32 million in this project. Part of the investment was financed by the Fund from its own resources and the other part was a loan granted by Lithuania’s largest commercial bank SEB bankas. The development of the entire project took more than four years.
Read moreThe Board of investment management company Lords LB Asset Management has decided to extend the Lords LB Baltic Fund III investment and distribution period to 31 May 2016. The Bank of Lithuania has green-lighted the amendment of the Rules of the Fund providing for this new term of the distribution phase.
Read moreThe market value of the fund assets managed by investment management company Lords LB Asset Management has reached EUR 233.4 million, with the net asset value amounting to EUR 117.05 million.
Investment management company Lords LB Asset Management has launched an Užupio vartai project to build a new residential housing complex in Vilnius, Užupis, 2 Polocko St. The project is unique in that part of the building will be reconstructed while preserving the classical architectural elements of the façade and the other part will be new construction. The company intends to invest over EUR 5.5 million in the complex.
Read moreReal estate investment fund Lords LB Special Fund I is to build a class A office business centre on a 64-are land plot on Konstitucijos Avenue in Vilnius. The Fund plans to invest over EUR 40 million in the development of the new building.
Read moreA closed-end special real estate investment fund has closed down its operations for the first time in Lithuania: Lords LB Opportunity Fund I has paid the investors the whole amount invested and the profit earned, a total of almost EUR 4 million. In the wake of the expiry of the term of the Fund, its assets were sold and the investors were paid. The Supervisory Service of the Bank of Lithuania has approved the closure of the Fund.
Read moreWe’re delighted to announce the launch of our new website. After several years of faithful service, we thought it was finally time to retire the old site and replace it with a slicker, more advanced website.
Read moreOn the 4th of February, 2014 the SPV UAB “Stotema” owned by the closed-end real estate investment fund Lords LB Opportunity Fund II acquired a residential RE development asset in Druskininkai, Šv. Jokūbo str. 1.
Read more2014 m. sausio 6 d. uždaro tipo nekilnojamojo turto investiciniam fondui „Lords LB Opportunity Fund II“ priklausanti įmonė UAB „Parko gama“ įsigijo nekilnojamojo turto vystymo objektą Polocko g. 2, Vilnius.
Read moreOn the 5th of December 2013 the Board of the Bank of Lithuania decided to supplement the activity license of UAB “Lords LB Asset Management” by granting the right to manage the collective investment undertakings intended for the informed investors.
Read moreSince 2015 Lords LB Asset Management has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labor, the environment, and anti-corruption.
UAB “Lords LB Asset Management” (hereafter – Management company) is licensed and supervised by Bank of Lithuania as financial institution. If not explicitly stated overwise, information on Management company website is only for informational purpose and should not be considered neither as an advise nor a recommendation to invest.