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 in 2016-2019. It has over 44,000 m2 of net leasable area. It also has three levels of underground parking with some 700 parking spaces. 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, including a mix of local head offices and international tenants.
In terms of legal assistance, the seller Schage was represented by TGS Baltic, Lithuania’s one of the largest law firms. TGS Baltic team, formed by Dainius Stasiulis, Dalia Tamašauskaitė-Žilienė, Paulius Dabulskis and Rugilė Šiaulytė provided overall legal coverage of the sell-side in the transaction: assisted in arranging the sale process and structuring the transaction, drafting all transaction documentation, representing in negotiations. The buyer, Deka Immobilien, was represented by Sorainen law firm.
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.