Guoda Gurauskaitė, director of the Sales Department of Turto bankas, notes that the object attracted attention due to its strategically convenient location and the possibility of consolidation of the complex in the long term.
“From the first days of the announcement of the auction, we noticed the interest of potential buyers. The premises were auctioned in two separate auctions. The final amount of the auction for the premises on the first floors rose to more than 60 thousand. EUR and reached almost 1.5 million. Eur. The amount of rooms on the upper floors increased by more than 300 thousand. EUR and the final amount reached just over 2.9 million. Eur. A total of 4.4 million The amount of EUR for the auctioned premises in one building is one of the highest in Vilnius this year”, says G Gurauskaitė.
Most of the building – as many as 3 thousand – lay on the counter. out of 4 thousand sq. m. The premises on the upper floors are almost 2,000 sq.m. m, almost 0.15 ha of land belongs to this part of the building.
G. Gurauskaitė notes that the potential of the sold object is revealed by the fact that the construction of the plot is currently not used. The city’s general plan provides for the development of both commercial and residential projects in this area, which has changed significantly over the last 5 years.
Several large business complexes with service centers on the first floors have opened their doors nearby. Just a few hundred meters away, the sky is carved by the buildings of the central business district of Vilnius, which is full of offices and hotels. More than one residential block project has been implemented in the neighborhood.
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**Interview with Guoda Gurauskaitė, Director of the Sales Department of Turto Bankas**
**Interviewer:** Thank you for joining us today, Guoda. It’s great to have you here to discuss the recent auction results. Can you tell us why this particular property attracted so much interest from potential buyers?
**Guoda Gurauskaitė:** Thank you for having me. The property drew attention primarily due to its strategically convenient location, which is a huge asset for any potential buyer. Moreover, there’s a strong possibility for the consolidation of the complex in the long term, making it an attractive investment opportunity.
**Interviewer:** That sounds promising! You mentioned that the premises were auctioned in two separate auctions. How did the bidding unfold?
**Guoda Gurauskaitė:** Yes, the auction process was intriguing. From the very beginning, we observed significant interest. For the premises on the first floors, the final auction amount exceeded 60 thousand EUR, ultimately reaching about 1.5 million EUR. The upper floors saw even higher bids; the amount increased by more than 300 thousand EUR, culminating in just over 2.9 million EUR. Altogether, the total raised from both auctions was around 4.4 million EUR.
**Interviewer:** Those figures are impressive! What do you attribute this strong bidding behavior to?
**Guoda Gurauskaitė:** The market dynamics were certainly favorable, but I believe it also highlights investors’ confidence in the area and the potential for future development. Combined with the strong interest we saw during the auction announcements, it signals a robust demand for commercial real estate in strategically significant locations.
**Interviewer:** It’s clear that the market is active. What’s next for Turto Bankas regarding this property and similar assets?
**Guoda Gurauskaitė:** Moving forward, we’ll continue to assess our portfolio and seek opportunities for further auctions and sales. The objective is to not only maximize returns for our stakeholders but also ensure that we support urban development that benefits the community in the long term.
**Interviewer:** Thank you for your insights, Guoda. It seems like a very exciting time for Turto Bankas!
**Guoda Gurauskaitė:** Thank you! We’re indeed excited about the future and grateful for the interest we’ve seen.
