Public Auction For Top Location Shop Mall In Vilnius (Lithuania)

Nov. 25, 2011 - PRLog -- The sales process of SC Gedimino 9 has been renewed by scheduling the public auction to take place on 19th of December, 2011.

Gedimino 9 is a multistory shopping centre 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. A landmark building has two facades directly to Gedimino Avenue and V. Kudirka square. With 16,500 sq. meters of gross building area, the property offers an immense potential for professional shopping centre 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 –70 million Litas + VAT (20 mln. EUR)
•   Participants planning to take part in the auction must make official registration on December 16th, 2011, between 9-10 a.m. By that time participants need to pay participant's fee comprising of 2% from the starting price. Extract from the bank account, evidencing the payment must be presented to bankruptcy administrator, while registering on December 16th.
•   Auction will be held on December 19, 2011, 9 am in Gedimino av. 9, Vilnius.

For more information on the object visit www.newsecbaltics.com/g9
For more information, please contact:
Neringa Rastenytė, Head of Transactions, Baltics
Phone +370 686 17 468
E-mail n.rastenyte@newsecbaltics.com