LB gives green light to Capitalica Z114 Real Estate Fund to publicly offer bonds up to EUR 17,6 million

Ellex Valiunas has assisted in the smooth preparation and coordination process related to the approval by the Bank of Lithuania of the closed-end investment company intended for informed investors Capitalica Z114 Real Estate Fund’s base prospectus, which will also be used as a basis for the listing of the company’s bonds on the Nasdaq Baltic alternative securities market First North.

According to the base prospectus approved by the Bank of Lithuania, up to EUR 17.6 million worth of Capitalica Z114 Real Estate Fund’s bonds secured with a real estate collateral will be publicly offered in Lithuania, Latvia and Estonia as a part of the EUR 20 million overall bond issue.

Managed by Capitalica Asset Management, an investment company Z114 Real Estate Fund focuses on developing class A commercial real estate in the Vilnius central business district.

The proceeds raised from the bonds will be used to construct a modern office building Sand Offices at the intersection of Žalgirio and Linkmenų streets at 114 Žalgirio Street in the capital.

As a First North certified advisor, Ellex Valiunas will assist the issuer with matters related to listing and compliance with the market’s requirements.

Our client is being assisted by Ellex Valiunas, associate partner Eglė Neverbickienė, and associate Eglė Radvilaitė.