NEWS

13.05.09

Verdispar developing a green business center in Zagreb

Verdispar developing a green business center in Zagreb

Press release
Zagreb, May 13, 2009

Verdispar International, the Norwegian-based property investment management company − on behalf of Scandinavian private and institutional investors − is starting the development of Ozonia Business Garden on Savska Street in Zagreb, Croatia. It will be the first green business center in Croatia, distinguished by its high energy efficiency and healthier space for people to work in.

In addition to offices, the Ozonia Business Garden will house the first Accor hotel in Croatia. A hotel management agreement was recently signed between the project company, managed by Verdispar International, and the Accor Group. The hotel and office center are scheduled to open in 2013.

Link to the complete Press release (PDF)

12.05.09

Verdispar performs engineering systems inspection of buildings in its managed property investment portfolio in Lithuania

Verdispar performs engineering systems inspection of buildings in its managed property investment portfolio in Lithuania

Verdispar International, the Norwegian-based property investment management company, has chosen City Service, one of the leading engineering consultancies in Lithuania, to evaluate the engineering systems of the buildings in the property investment portfolio that it manages in Lithuania. On behalf of Scandinavian private and institutional investors, Verdispar International manages a portfolio of approximately 130,000 sq. m (1.4 million sq. ft.), which includes retail, logistics and production premises. The inspections will take place in cities around Lithuania and are scheduled for completion by September 2009.

Link to the complete Press release (PDF)

03.03.09

Verdispar, a Norwegian property investment management company acting on behalf of Scandinavian investors, is developing Lumini shopping and entertainment center in northern Croatia.

Verdispar developing new-generation shopping center in Varaždin, Croatia

Press release
Zagreb, March 03, 2009

Verdispar, a Norwegian property investment management company acting on behalf of Scandinavian investors, is developing a first-of-its-kind shopping and entertainment center in northern Croatia. Lumini will be the country’s first new-generation shopping center, combining retail and entertainment into the “retailtainment” concept.

A 34,000 sq. m (366,000 sq. ft.) shopping and entertainment center with a 45,000 sq. m (484,000 sq. ft.) outdoor parking lot will emerge on a 102,000 sq. m (1.1 million sq. ft.) site in Kneginec municipality, with future potential for expanding both retail and entertainment areas.

Link to the complete Press release (PDF)

16.06.08

Verdispar has acquired a 26,500 sq. m (285,300 sq. ft.) real estate portfolio from Maxima LT, which controls the largest retail chain in Lithuania.

Verdispar acquires part of Maxima’s real estate portfolio in Lithuania

Press release
Vilnius, June 16, 2008

The Norwegian investment banking company Verdispar, representing its investors through the company Verdispar Retail Properties II, has acquired a 26,500 sq. m (285,300 sq. ft.) real estate portfolio from Maxima LT, which controls the largest retail chain in Lithuania. Verdispar paid LTL 161 million (EUR 46.6 million) for nine shopping centers (Maxima X and Maxima XX) and land associated with them (almost 6.2 ha, or 16 acres). The Maxima shopping center properties acquired by Verdispar are situated in the largest cities of Lithuania: Vilnius, Kaunas, Klaipėda, Alytus and Šiauliai, as well as in Ukmergė and Plungė. Maxima will continue to do business in these shopping centers; the company has signed long-term leaseback contracts with Verdispar. The transaction will be formally completed after it is approved by the Competition Council of the Republic of Lithuania.

The acquisition of the Maxima real estate portfolio is Verdispar’s second major property investment related to the Lithuanian retail market. Early in 2007 Verdispar acquired a real estate portfolio of 23 shopping centers (43,500 sq. m or 468,000 sq. ft.) from the retail chain Norfa. In 2006-2007, Verdispar also acquired three logistics center properties in Vilnius − Vingės Terminalas, Vingės Transphere Logistika and Girteka − as well as the property where the Durapart electrical equipment production plant in Panevėžys is located.

Link to the complete Press release (PDF)

06.12.07

Verdispar, acting on behalf of its clients based at Verdispar Logistic Property III UAB, has acquired the Vinges Trassphere Logistika logistics center in Vilnius, Lithuania.

Verdispar acquires second logistics center from Vingės Group

Press release
Vilnius, December 6, 2007

Verdispar, the Norwegian investment banking group, acting on behalf of its clients based at Verdispar Logistic Property III UAB, has acquired the Vingės Trassphere Logistika logistics center in Vilnius, Lithuania. The center, situated on a freehold of 3.8 ha (almost 10 acres) in close proximity to Vilnius on the Vilnius-Kaunas-Klaipėda highway, comprises approximately 18,500 sq. m (199,000 sq. ft.) of warehouse space, including administrative premises. The parties have agreed not to disclose the value of the transaction.

The logistics center was developed by its sole user, Vingės Group, which provides customs and commercial warehousing, logistic services, import-export terminals, customs brokering, haulage and forwarding services. Vingės Group will remain the tenant in the property on a long-term lease.

Link to the complete Press release (PDF)

17.10.07

Verdispar, acting on behalf of its clients, has acquired a complex of properties on almost 2 ha (5 acres) land lot in central Vilnius.

Verdispar acquires almost 2 hectare site in the center of Vilnius

Press release
Vilnius, October 17, 2007

Verdispar, the Norwegian investment banking group, acting on behalf of its clients, has acquired a complex of properties on almost 2 ha (5 acres) land lot in central Vilnius at 1 Aludarių Street/2 Pakalnės Street. The seller is Kalnapilio-Tauro Grupė AB, one of the biggest brewery companies in Lithuania, owned by Royal Unibrew, Denmark’s second largest beer producer. Due to the company’s decision to relocate beer production to facilities in nearby Panevėžys, it announced a tender for the properties on the lot, which was won by Verdispar. The parties have agreed not to disclose the transaction value. Verdispar fully financed the acquisition with its investors’ equity; no bank financing was used.

The site is located in central Vilnius on the left bank of the river Neris, close to the Old Town (0.9 km), the main central shopping street Gediminas Avenue (0.5 km) and the Business Triangle (0.4 km). It also benefits from proximity to important transportation infrastructure: Geležinio Vilko Street provides direct access to the A1 (Vilnius-Kaunas-Klaipėda) and A2 (Vilnius-Panevėžys-Riga) highways, the airport and major residential areas.

The Re&Solution property consultancy and the Bernotas & Dominas Glimstedt law firm represented Kalnapilio-Tauro AB in the deal; Verdispar was represented by the Sorainen law firm and the Ramboll engineering company.

Link to the complete Press release (PDF)

23.02.07

Verdispar, acting on behalf of its clients, has acquired a 43,500 sq. m Norfa's real estate portfolio in Lithuania.

Verdispar acquires part of Norfa’s real estate portfolio in Lithuania

Press release
Vilnius, February 23, 2007

The Norwegian-owned Verdispar Group, acting on behalf of its clients based at Verdispar Retail Properties UAB, has acquired a 43,500 sq. m (468,000 sq. ft.) real estate portfolio from Rivona UAB, a logistics, transportation, food processing and property subsidiary of Norfos Mazmena UAB, one of the leading players in the Lithuanian retail market. The acquisition price for 23 stores and the land associated with these stores in a number of locations in Lithuania is approx. LTL 169 million (EUR 49 million), including one store bought from Aveva UAB, a bakery company also controlled by Norfa.

Norfa’s shops are situated in many cities and towns across Lithuania: in Alytus, Ignalina, Jurbarkas, Kelmė, Lazdijai, Marijampolė, Kretinga, N. Akmenė, Zarasai etc. Norfos Mazmena will remain a tenant and will continue its operations in the stores on a long-term lease basis.

Link to the complete Press release (PDF)

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