| Project Detail |
Location: Lithuania Project number: 53609 Business sector: Property and tourism Notice type: Private Environmental category: B Approval date: 26 Mar 2025 Status: Pending Approval English-language PSD published: 18 Feb 2025 Project Description An equity investment of up to EUR 50 million in a limited liability company to be established in Lithuania, which will act as a joint venture (the JV) between the Bank and UAB Releven (the Sponsor or Releven). The proposed JV will focus on the development of modern, sustainable mixed-use and residential assets located in Vilnius core submarkets (the Project). Project Objectives The EBRDs investment will enable the development of a number of residential and mixed-use projects in Vilnius, Lithuania, promoting urban regeneration by focusing on redeveloping brownfield sites and developing underused land in central locations. The Project strongly aligns with the EBRD Real Estate Strategy 2025-2029, reinforcing priorities such as decarbonisation, urban regeneration and shortages of quality housing. By setting new benchmarks for environmentally sustainable mixed-use developments, the Project will serve as a model for sustainable urban transformation in Lithuania and the broader CEE region. |
