29 May 2019, Riga. “NAI Baltics” and “Inreal” mediated in the conclusion of the contract between “Dana Lithuania” and “Technopolis” for renting 1270 sq. m. premises at Business Centre “ALFA” in Vilnius. The contract was concluded for a period of five years. Financial terms of the contract are not disclosed. “Dana Group” will establish a financial services center and employ about 100 people in the new office.
“Dana Lithuania” was offered 12 options for premises in various locations in the capital characterised by different years of construction, segments, and degrees of fitting-out. Ultimately the Company chose the ALFA Building located in Business Park “Technopolis Ozas”.
International real estate consulting company “NAI Baltics” represented the Tenant “Dana Incorporated” by exclusive mandate assigned by “Carter Jonas”. “This transaction confirms that the overseas/international companies are to a great extent interested in the Baltic States and in this particular case – Lithuania as a great platform to expand the business in Eastern/Northern Europe”, stated Valdis Ligers, NAI Baltics principal.
Jason Johnson, vice president of global finance and accounting for “Dana Incorporated” expressed: „We are confident in the talent and capabilities of the Lithuanian people, and we look forward to a long, successful relationship”. The center will provide intercompany support to “Dana” operations in Austria, Belgium, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, Turkey, and the United Kingdom.
Lina Maskoliūnė, Business Unit Director of “Technopolis” in Lithuania, said that “Dana” decided to set up there after an offer for a concept of a full office service package was made. “Establishment of another international company in “Technopolis” Business Park is an important sign of recognition to us. We provided “Dana” with a comfortable office adapted to their specific needs and a full service package all in one place: we consult regarding interior, fit out the premises, supply furniture, and provide other office maintenance services, such as office cleaning, internet solutions, rent of office plants and coffee machines”, she commented. According to L. Maskoliūnė, before setting up in the main office, the Company was also offered a solution for temporary premises, i.e., work places in a small office space: it allowed the company to launch operations and hire employees while repairs were in progress.
„Technopolis“ was represented by Lithuanian real estate services company „Inreal“. “Nowadays the options for renting premises exceeding 1000 sq. m. in a modern business centre in Vilnius are rather limited. Moreover, the choices made by investors are determined by many factors, thus the number of acceptable options drops even more once you take a closer look at them. Everything is important: not only the location, the term for moving in and the degree of fitting-out of the premises, but also the property manager’s flexibility, attitude towards the leaseholder, etc.”, Julius Belanoška, the Head of the Brokerage department of “Inreal”, claimed. According to him, this is particularly relevant to business centres older than 10 years, where lower rent is no longer an essential selling point in terms of negotiations.
About “Dana Lithuania”
Dana Incorporated, a world leader in highly engineered solutions for improving the efficiency, performance, and sustainability of powered vehicles and machinery.
Dana supports the passenger vehicle, commercial truck, and off-highway markets, as well as industrial and stationary equipment applications. Founded in 1904, the company employs approximately 36,000 people in 33 countries on six continents, and is based in Maumee, Ohio, USA. It reported sales of $8.1 billion in 2018.
About NAI Baltics
NAI Baltics is the representative of the world’s leading commercial real estate consulting firm network NAI Global in the Baltic States. NAI Global has more than 375 offices strategically located throughout North America, Europe, Latin America, and Asia Pacific, with over 6,700 local market professionals. As the world’s leading managed network of commercial real estate firms, every year NAI concludes contracts for real estate development, lease, purchase and sale consultation and management, real estate portfolio services of corporative clients, investment acquisition and opportunities for more than USD 20 billion.
Technopolis is a shared workspace expert. We provide efficient and flexible offices, coworking spaces, and everything that goes with them. Our services run from designing the workspace to reception, meeting solutions, restaurants, and cleaning. We are passionate about customer satisfaction and value creation. Our 17 campuses host 1,600 companies with 50,000 employees in seven countries within the Nordic and Baltic Sea region.
About INREAL group
INREAL is a trademark of an idea, which gives spark to unique projects, basis for professional services, and added value to businesses, clients, and partners. INREAL positions creativity as a core value in the dynamic business world. INREAL Group, which consists of UAB "Inreal", UAB "Inreal GEO" , UAB "Inreal valdymas" and its managed companies, develops unique real estate (RE) projects and provides probably the widest range of real estate services in Lithuania. Currently they have over 90 employees working for them in 11 cities in Lithuania. The company has engaged in business operations for 25 years and implemented more than 50 real estate projects of various purposes, which received recognition and awards at contests not only in Lithuania but on an international scale as well. In 2015/16, 2016/17 and 2017/18 INREAL Group was named as the National Winner during the prestigious European Business Awards.
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