UAB Eastnine Lithuania

UAB Eastnine Lithuania is a Lithuanian private limited liability company that operates as the local platform for Eastnine AB (publ), a Stockholm‑listed commercial real estate company focused on modern, sustainable office properties in the Baltics. Through UAB Eastnine Lithuania and other Lithuanian subsidiaries and special purpose entities, the group owns and manages prime office assets in Vilnius, serving international and blue‑chip tenants.

Company Overview

Legal form: Uždaroji akcinė bendrovė (UAB) – private limited liability company
Headquarters: Vilnius, Lithuania (registered office: see Legal Information)
Industry: Commercial real estate (office investment, leasing, and asset management)
Founding date: Not publicly disclosed in open sources; the company operates as part of the Eastnine group’s expansion into Lithuania in the late 2010s.

Legal Information

Juridical name: UAB Eastnine Lithuania
Įmonės kodas (Company code): Not confirmed in publicly accessible sources. Obtainable from Registrų centras (Juridinių asmenų registras).
PVM mokėtojo kodas (VAT code): Not confirmed in publicly accessible sources. Obtainable from VMI/Registrų centras records.
Official website: https://www.eastnine.com (group)
General email: info@eastnine.com (group); Investor relations: ir@eastnine.com (group)
Registered office address (buveinė): A precise registered address for UAB Eastnine Lithuania is not confirmed in open sources. The Eastnine group’s Vilnius operations are based from its owned office assets (e.g., Saltoniškių g. 7 “S7” complex and the “3 burės” towers on Upės g.); however, the exact legal registered address of UAB Eastnine Lithuania should be verified via the Lithuanian Centre of Registers.
Phone: Not published for the specific UAB entity in open sources. Group contact is provided via the Eastnine website.

Business Operations

Main services:
- Ownership and leasing of Class A office buildings in Vilnius
- Asset and property management (often in coordination with local property managers)
- Tenant relations, sustainability upgrades, and building certifications (e.g., BREEAM/LEED)

Business model: UAB Eastnine Lithuania functions as a local holding and operating vehicle for the acquisition, ownership, and management of income‑producing office properties. Revenue is primarily rental income from long‑term leases with corporate tenants. Asset performance is enhanced through active management, high occupancy, and investments in sustainability.

Market position: Eastnine is among the leading owners of prime office space in Vilnius by gross leasable area (GLA), with a portfolio concentrated in central and inner‑city submarkets and anchored by strong tenant covenants.

History

Origins: Eastnine AB (publ), formerly East Capital Explorer, pivoted to become a pure‑play Baltic office landlord in the late 2010s. As part of this strategy, the group established and/or consolidated local subsidiaries in Lithuania, including UAB Eastnine Lithuania, to acquire and manage Vilnius office assets.

Key milestones in Lithuania (group level):
- Expansion into Vilnius through acquisitions of Class A office properties, including towers in the 3 burės complex (Upės g.) and multiple buildings in the S7 (Saltoniškių g. 7) office campus.
- Portfolio growth to a leading position in Vilnius prime office segment; focus on sustainability certifications and modern workplace standards.
- Continued optimization of the asset base with selective acquisitions/disposals and value‑add initiatives.

Financial Information

Revenue and results (entity level): The standalone financials of UAB Eastnine Lithuania are not publicly disclosed in open sources. As a private subsidiary, detailed revenue and profit figures are typically available only in statutory filings with Lithuanian authorities.

Group context: Eastnine AB (publ) is listed on Nasdaq Stockholm (ticker: EAST) and publishes consolidated financial statements, including Baltic portfolio performance. Lithuanian operations constitute a significant share of group rental income and property values.

Funding: The group finances acquisitions and operations through a combination of equity (publicly listed parent) and bank/debt financing at the asset or subsidiary level.

Ownership: UAB Eastnine Lithuania is directly or indirectly wholly owned by Eastnine AB (publ). Eastnine AB’s shareholder base is dispersed among institutional and private investors; significant holdings are disclosed in the parent’s public reports.

Leadership and Management

Vadovai (Executives):
- General Manager (Direktorius): Not confirmed in open sources. The current authorized representative is listed in the Juridinių asmenų registras extract (available from Registrų centras).
- Other local managers: Not publicly summarized.

Board of UAB Eastnine Lithuania: For Lithuanian UABs, a board may or may not be appointed. Specific board composition for this entity is not publicly confirmed; details are available in the company’s registration file.

Group leadership (parent): Executive management and the board of Eastnine AB (publ) are disclosed in the parent’s annual report and website; they oversee strategy for Baltic subsidiaries including UAB Eastnine Lithuania.

Office Locations

Registered office (buveinė): Not confirmed in public open sources; obtain from Registrų centras.
Operational presence in Vilnius:
- Saltoniškių g. 7 (S7 office campus), Vilnius – group‑owned assets and typical locus of operations/tenants.
- Upės g. (3 burės complex), Vilnius – group‑owned towers; administrative presence may be maintained on site.

Phone numbers for local office(s): Not published for the specific UAB entity. Tenants and counterparties usually interact via property management contacts posted within each building and via the group website.

Market Position

Competitors in Vilnius prime office segment:
- Technopolis (office campuses)
- Vastint Lithuania (Business Garden and other projects)
- Lords LB Asset Management (fund‑owned office assets)
- EfTEN Real Estate Fund group
- Hanner, Darnu Group, Galio Group, and other developers/investors with retained office portfolios

Market share: No single landlord dominates; Eastnine is among the larger owners by GLA in the prime segment. Exact market share figures are not publicly standardized across sources.

Competitive advantages:
- Concentrated portfolio of Class A, well‑located buildings with strong tenant rosters
- Active asset management and focus on ESG (BREEAM/LEED certifications, energy efficiency)
- Access to public equity and institutional financing via the Swedish parent
- Long‑term leases and high occupancy in core submarkets

Recent Developments

Portfolio management: The group has continued to optimize its Vilnius holdings, focusing on sustainable upgrades, tenant improvements, and maintaining high occupancy levels across S7 and 3 burės assets.

ESG and certifications: Eastnine emphasizes sustainability, pursuing green building certifications and energy performance enhancements across its Lithuanian portfolio.

Capital markets: Parent company Eastnine AB (publ) provides regular updates on financing, valuations, and strategic priorities that encompass Lithuanian operations.

Contact Information

UAB Eastnine Lithuania
- Registered office: Not confirmed in open sources; obtain official extract from Registrų centras (Juridinių asmenų registras).
- Phone: Not publicly listed for the specific entity.
- Email (group): info@eastnine.com
- Investor relations (group): ir@eastnine.com
- Website (group): https://www.eastnine.com

For statutory details (įmonės kodas, PVM kodas, vadovas, buveinė), request an official company extract (JAR) from Registrų centras or consult reputable Lithuanian company directories.

Notes on Data Availability

While Eastnine AB (publ) discloses extensive information at group level, granular statutory data for UAB Eastnine Lithuania (company code, VAT code, exact registered address, current director’s name, phone) is not consistently available in English‑language open sources and may change over time. The authoritative source is the Lithuanian Centre of Registers.

Sources and References

- Eastnine AB (publ) – Official website: https://www.eastnine.com (About, Properties, Sustainability, Contact)
- Eastnine AB (publ) – Annual Report and Sustainability Report (latest available; see Reports & Presentations on the official website)
- Nasdaq Stockholm – Eastnine AB (EAST): Company announcements and financial disclosures
- Lithuanian Centre of Registers (Registrų centras) – Juridinių asmenų registras: company file for UAB Eastnine Lithuania (official extract required for definitive legal data)
- Lithuanian commercial property market reports (various brokerages) for competitive landscape and market positioning (e.g., Vilnius office market overviews)