Bilar wings Knut and Bjorn Schage controls one of the largest real estate group and invest almost one billion of commercial property in Lithuania, writes Dagens Næringsliv.
The project, located in Vilnius’s central office area, the entire 46,000 square meters and contains 27,000 square meters of underground parking.
According to DNB has already decided to move its headquarters in Lithuania to Schagen building, where the first stage will be completed during 2016.
– There is a large and important project for us . Both the market and the property has lain fallow in Vilnius, but now the market has returned, and it is a good time to develop commercial property there, says Knut Schage said.
Schage Property received last year a profit before tax 181 million, which is an improvement of 18 percent over the previous year.
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