We invest in real estate projects to create
the cities of the future.
Our philosophy involves innovative ideas
offering attractive returns.
Capitalica Asset Management

Capitalica Asset Management is an investment management company that develops and manages commercial real estate properties. Our objective is to ensure long-term growth of returns to shareholders through investments made in commercial real estate across the Baltics. Relying on unique investment experience, we manage an investment funds, which are designed for professional and informed investors.

158 million Eur
Asset under Management
9 RE objects
managed in Lithuania, Latvia and Estonia
1 RE project
under development in Latvia
3 Closed-ended funds
designed for professional and informed investors
68 thousand m²
properties under management, GLA
22 thousand m²
properties under development, GBA
MANAGED FUNDS
CAPITALICA BALTIC REAL ESTATE FUND I
3 RE objects
managed in Lithuania
Kauno dokas
135
Luizė
1 RE project
under development in Latvia
Verde
Bonds are listed
on the First North alternative marketplace managed by Nasdaq Vilnius
40 thousand m²
properties under management, GLA
22 thousand m²
properties under development, GBA
EUR 16 million Eur
the offer of 3 bond issues has been completed
CAPITALICA GREEN LOGISTICS FUND
Investment geography
Baltic region
4 RE objects
managed in Estonia and Latvia
27 thousand m²
properties under management, GLA
CAPITALICA Z114 REAL ESTATE FUND
Investment geography
Lithuania
1 RE object
to be developed
10 thousand m²
properties under development, GBA
BONDS
In 2022, Capitalica Baltic Real Estate Fund I completed the public offering of 3 millions EUR worth of bond issue
The company fundraised EUR 3 million investments for refunding of the remaining part of the 2019-year redeemable bonds, by issuing a new 2-year duration bond issue
team
VALUE
3 mln. euros
NOMINAL VALUE
1 pc – EUR 100
TERM TO MATURITY
2 years
COUPON
5 % annual interest paid on a quarterly basis
MARKET
Bonds can be purchased on the Nasdaq First North Lithuanian market
REDEMPTION DATE
June 2024
DOCUMENT

For more information on the bond issue, contact:

AB Šiaulių bankas
El. p. sbbroker@sb.lt
Tel. (8 5) 2 462 465, (8 5) 2 032 266

In 2020, Capitalica Baltic Real Estate Fund I completed the public offering of 8 millions EUR worth of bond issue
The Bonds are issued with a view to attract more capital which is needed for the Issuer to fund commercial development project in Riga (Riga Verde)
team
VALUE
8 mln. euros
NOMINAL VALUE
1 pc – EUR 100
TERM TO MATURITY
3 years
COUPON
6.5 % annual interest paid on a quarterly basis
MARKET
The bonds are listed on the Nasdaq First North Lithuania market
REDEMPTION DATE
June 2023
DOCUMENT

For more information on the bond issue, contact:
Andrius Barštys
CEO of Capitalica Asset Management“
Andrius.Barstys@capitalica.lt
+370 612 30260

In 2019, Capitalica Baltic Real Estate Fund I completed the public offering of EUR 5 million worth of bond issue
The issue was intended to fund the construction of two class A business centers VERDE in Riga
team
VALUE
5 mln. euros
NOMINAL VALUE
1 pc – EUR 100
TERM TO MATURITY
3 years
COUPON
5% annual interest paid on a quarterly basis
MARKET
The bonds are listed on the Nasdaq First North Lithuania market
REDEEMED
June 2022
DOCUMENT

Although it had been anticipated that the bonds of Capitalica Baltic Real Estate Fund I would be offered in three rounds with the offering of the issue to be completed by 3 December, but two rounds were sufficient. Investors were able to purchase 50 thousand of the company’s bonds in total. The company’s first bond issue was offered by AB Šiaulių bankas.

TEAM
ANDRIUS BARŠTYS
CEO and Fund Manager
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ANDRIUS BARŠTYS
CEO and Fund Manager

Andrius graduated in FinTech from Oxford University. He has over 20 years of experience in the capital market, asset management and real estate. Previously he had managed investment bank Finasta and the Finasta Group, one of the largest investment banking, wealth management, pension fund and investment management platforms in the Baltic states. He has been the head of Capitalica Asset Management since 2016, while Fox holdings, a company controlled by him, is one of the shareholders in Capitalica Asset Management.

Lukas Cicėnas
CFO
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Lukas Cicėnas
CFO

Lukas obtained a bachelor’s degree in finance from ISM University of Management and Economics and a master’s degree in mathematics from Kaunas University of Technology. He has 8 years of experience in corporate finance, private equity investments, evaluation and implementation of residential and commercial real estate investment projects. Before joining Capitalica, Lukas worked as private equity investment project manager at Orion Asset Management, and served as CFO at one of the largest real estate development companies in Lithuania, Realco.

MINDAUGAS LIAUDANSKAS
Fund Manager
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MINDAUGAS LIAUDANSKAS
Fund Manager

Mindaugas has graduated with a master’s degree in financial economics from the international ISM University of Management and Economics. His 10 years’ worth of experience gained analysing alternative investment funds, building investment portfolios and assessing corporate finances helps him give a critical and competent assessment of the benefits offered to investors by commercial real estate. Mindaugas has financial adviser, investment analyst and corporate customer service experience at MC Investments and the former bank Ūkio bankas.

Viktorija Juzkiv
Head of business development
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Viktorija Juzkiv
Head of business development

Viktorija holds a master’s degree in Executive Master of management from the International ISM University of Management and Economy, and Financial Broker Consultant license. 15 years ago, she started her career path at investment bank Finasta, where she managed Private banking for more than 5 years. The last 6 years Viktorija was working at Šiaulių bankas, where she was running Savings and Investment department, during the recent period she was responsible for the whole Sales department. Viktorija has always been working to create exclusive experience through excellent service, making products and solutions that align with customers’ expectations.

Gabrielė Gegevičiūtė
Investment Project Manager
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Gabrielė Gegevičiūtė
Investment Project Manager

Gabrielė holds a Bachelor’s degree in International Business and Communication from the International ISM University of Management and Economics. She has been working with real estate since 2015 and has gained most of her experience in selling commercial real estate, advising, and consulting clients on property investments in companies such as Newsec and BPT real estate. Over the past years, Gabrielė has made investment transactions in the Baltic region for almost 200 million euros and has accumulated experience in analyzing all segments of commercial real estate and developing acquisition / sale strategies.

Gintaras Toločka
Investment Project Manager
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Gintaras Toločka
Investment Project Manager

Gintaras holds a Bachelor‘s degree in Financial Economics. Gintaras has been working in Real Estate for more than 10 years and has gained most of his experience by consulting biggest private and public companies in the Baltics regarding their strategic RE plans. Over the last years Gintaras was working in RE development companies where he was responsible for RE investments and development acquisitions in Baltic region.

INGA KALESINSKIENĖ
Investor relationship manager
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INGA KALESINSKIENĖ
Investor relationship manager

Inga has over 15 years of experience in the banking industry. She previously worked in private banking for SEB and Danske Bank. She advised clients on asset management issues, formed investment plans, and provided advice on real estate financing and financial matters. Depending on the client’s specific situation, the goal was to find a way to preserve and increase earned or inherited assets. Inga holds a master’s degree in business administration from Vilnius University and is also a licensed Financial Broker Consultant.

MILDA KIAUŠINYTĖ
Chief Accountant
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MILDA KIAUŠINYTĖ
Chief Accountant

Milda holds a bachelor’s degree in economics from Mykolas Romeris University. Her ongoing attendance of a variety of seminars and professional development courses helps her remain a competent professional in her field of expertise.

Capitalica Asset Management
Board
IGNAS MAČEIKA
Chairman of the Board
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IGNAS MAČEIKA
Chairman of the Board

After graduating with a master’s degree in financial law from Mykolas Romeris and Bergen universities, Ignas started his career in the Corporate Customer Department at SEB bank. He continued his career at the SEB headquarters in Stockholm. Following his return to Lithuania, he oversaw, in the capacity of a project manager, the portfolio of the bank’s major corporate customers in the areas of consulting and financing. In 2014, Ignas joined the management team at Nordea Bank in Lithuania, where he managed the Corporate Banking Office and was a member of the bank’s Credit Committee. During his banking career, Ignas has gained a wealth of experience in decision making in the areas of corporate financing, transaction structuring and risk management, including in the real estate segment. Ignas joined the SBA Group in 2018. Currently, he is the head of the Treasury Department at the SBA Group.

JOLANTA GRAŠIENĖ
Board Member
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JOLANTA GRAŠIENĖ
Board Member

Jolanta graduated from Kaunas University of Technology with a bachelor’s degree in business administration and from the Baltic Management Institute with the International Executive MBA. Jolanta has been involved in the business of the SBA Group for more than 10 years considering and making decisions on corporate strategic directions and objectives, supervising their implementation, holding feasibility studies of major projects, including investment ones, and serving on the boards of a variety of companies across the SBA Group. In 2014, she became the Chief Financial Officer at the SBA Group, and has been appointed the Vice-President of the SBA Group since 2018.

ADAM SAULIUS VAINA
Board Member
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ADAM SAULIUS VAINA
Board Member

Adam Saulius graduated with a bachelor’s degree in economics from Harvard University and holds an MBA in finance and marketing from the Wharton School. Adam Saulius has worked for top global consultancy firm McKinsey & Company, later set up business consultancy Civitta and expanded it into a network that covers 10 European countries today. In addition, he is a board member at the Mediapark Group and the SBA Group.

OUR PROJECTS
  • KAUNO DOKAS
  • BUSINESS CENTRE 135
  • VERDE
  • SHOPPING CENTRE „LUIZĖ“

A state-of-the-art class A business centre in Kaunas and the first of its kind in Lithuania is cooled by the river water. Surrounded by nature and merging into it, Kauno dokas was one of the last works by a famous Lithuanian architect Algimantas Kančas. It was designed to the philosophy of green productivity of buildings.

TYPE
Class A business centre
LOCATION
Jonavos g., Kaunas
GROSS BUILDING AREA
17,000 m²
GROSS LEASABLE AREA
15,000 m²
OCCUPANCY
100 %
YEAR BUILT
2017
BUSINESS CENTRE 135

135 is a class B+ office building located in the heart of Vilnius city and boasting state-of-the-art engineering systems and excellent layout of the premises. 135 has been awarded a BREEAM certificate — an international standard for sustainable buildings demonstrating the quality of buildings and of their management, and their environmental impact.

TYPE
Class B+ business centre
LOCATION
Žalgirio g., Vilnius
GROSS BUILDING AREA
8,400 m²
GROSS LEASABLE AREA
7,286 m²
OCCUPANCY
97,5 %
YEAR BUILT
2016

The property of two class A business office complex VERDE is in the Riga’s Skanste district. The environmentally and employee-friendly business facility reflects what is key in design and construction: the well-being of the prospective staff and the abundance of greenery, the philosophy of harmony, energy sustainability and engineering innovation. VERDE, which is unique in its design, the building is being built according to the standards of BREEAM “Excellent”, nZEB – nearly zero energy building.

TYPE
Class A business office complex
I BUILDING, GBA
23 000 m²
II BUILDING, GBA
22 000 m²
LOCATION
Riga, Skanste district
I COMPLETION DATE
JUNE 2022
II COMPLETION DATE
SEPTEMBER 2023
SHOPPING CENTRE „LUIZĖ“

The Luizė shopping centre has 4,040m2 of gross leasable area and a car park with the capacity of 215 spaces. Situated in a strategically important location of the Lithuanian port – on Šiaurės prospektas – the shopping centre is within easy reach from all of Klaipėda’s neighbourhoods and offers a wide selection of shops and services.

TYPE
shopping centre
LOCATION
Šiaurės pr., Klaipėda
GROSS BUILDING AREA
6,055 m²
GROSS LEASABLE AREA
4,040 m²
OCCUPANCY
90,8 %
YEAR BUILT
2014
DOCUMENTS
Capitalica Asset Management
Conflicts of Interest Management Policy
Data Privacy Policy
Complaints Handling Procedure
Code of Business Ethics
Capitalica Baltic Real Estate Fund I
Bond issue prospectus
Financial Statements
2021 consolidated
2021
2020
2019
2018
2017
CONTACTS
Details of the company
COMPANY NAME
Capitalica Asset Management, UAB
COMPANY NUMBER
304234719
BANK
AB SEB bank
IBAN
LT67 7044 0600 0809 1487
SWIFT CODE
CBVILT2X
General enquiries
Upės g. 21, Vilnius 08128, Lithuania