Highlights
- EBRD lends 18 million to support construction of a sustainable office building in Vilnius
- Investment promotes urban regeneration of the city
- State-of-the-art building to target BREEAM Excellent certification
The European Bank for Reconstruction and Development (EBRD) is lending 18 million to Aurochs Investments, UAB, to finance the construction of Jasinskio 2, a next-generation sustainable office building in Vilnius, Lithuania. The Bank's loan contributes to the development of sustainable commercial real estate in the Baltic states and supports urban regeneration of the city of Vilnius.
Developed by EIKA Group, one of the region's leading real estate developers, Jasinskio 2 will be built in accordance with the highest performance standards, exceeding Lithuania's nearly Zero Energy Buildings (nZEB) requirements by at least 20 per cent, which goes beyond not only the prevailing legislated standards in the Baltic states but also the European Union (EU) and the Bank's Green Economy Transition (GET) approach. The building is targeting BREEAM Excellent certification and will incorporate a cutting-edge AI-powered energy management system. This will support energy and cost efficiency of the building, and contribute to greener commercial real estate stock in Lithuania.
The EBRD loan benefits from first-loss risk cover by the EU under its InvestEU programme.
Situated on a historically significant site in the heart of Vilnius, Jasinskio 2 will revitalise a long-vacant space near Tauras Hill, creating a sustainable and modern office building that aligns with the city's strategic development goals.
The development will not only transform a neglected site into a vibrant commercial hub but also support Lithuania's decarbonisation efforts and alignment with EU requirements on climate action and energy performance.
EIKA Group is one of the leading real estate developers in the Baltic states with a track record of over 6,000 residential units and multiple commercial real estate projects developed to date. Sustainability and urban regeneration are at the forefront of its activities.
The EBRD is a leading institutional investor in Lithuania. To date, it has invested almost 1.7 billion in 136 projects across the country.
