Public auction for city shopping mall in Vilnius (LT)

The sales process of SC Gedimino 9 has been renewed by scheduling the public auction to take place on December 19, 2011.

Gedimino 9

Gedimino 9 has 16,500 m² GBA.

Gedimino 9 is a multi-story shopping center located in the very heart of Vilnius, on prestigious Gedimino Avenue and next to the Lithuanian government building.

Previously used a Vilnius city municipality, Gedimino 9 was fully reconstructed in 2007. The landmark building has two facades directly onto Gedimino Avenue and V. Kudirka square.

With 16,500 m² of gross building area, the property offers immense potential for professional shopping center experts. Furthermore, the possibility of alternative use makes the property attractive for all types of investors, including end users.

The planned sales process:

  • The starting price of the property: LT 70 million + VAT (approx. €20 million).
  • Participants planning to take part in the auction must make official registration on December 16, 2011, between 9-10 am. By that time participants need to pay a participant's fee comprising 2% from the starting price. Extract from the bank account, evidencing the payment, must be presented to the bankruptcy administrator while registering on December 16.
  • The auction will be held on December 19, 2011 at 9 am in Gedimino av. 9, Vilnius.

Source: Newsec Baltics

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