The company signs an agreement with East Capital Real Estate, a leading Swedish real estate manager in Central and Eastern Europe
Colliers, one of the world's leading real estate services and investment management companies, operating in 63 countries, has launched property management services in Lithuania. Colliers Baltic has signed an agreement with East Capital Real Estate, a leading Swedish real estate manager in Central and Eastern Europe, to provide management services for its entire portfolio of four properties in Vilnius. Following the signing of the service agreement with East Capital Real Estate, Colliers Baltic has been entrusted with the management of nearly 45,000 square metres of office, logistics, and retail space.
According to Aurimas Astramskas, Head of Colliers Baltic in Lithuania, the expansion of services is planned in response to market demand and the requests of existing clients. “We have already been providing property management services on a small scale in response to client demand. This led us to expand our service package, grow our team, and focus more on a new area. Whether we are providing landlord or tenant representation; investment advisory or property development, we are very familiar with the needs of both parties, the challenges they face, and how we can solve them. We are looking forward to putting all these competences to work on the new partner’s properties,” said Astramskas.
Colliers Baltic functions will cover budget preparation, strategy implementation, leasing, property maintenance (including repairs and improvements), insurance, and documentation preparation. The company currently employs more than 120 professionals, 30 of whom are based in Lithuania. The main areas of service are brokerage in retail, office, and industrial segments, tenant representation, capital market valuation, research and consultancy, technical project supervision, and real estate management.