We invest in real estate projects to create
the cities of the future.
Our philosophy involves innovative ideas
offering attractive returns.
EUR 59 million
worth of assets managed
3 real estate properties
managed in Lithuania
1 real estate project
under development in Latvia
33 thousand m²
area of assets managed
15+ years of expertise
in investment management
EUR 125 thousand
minimum investment amount
ABOUT US
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 Capitalica Baltic Real Estate Fund I, an investment private limited liability company, which is designed for informed investors and is licensed and supervised by the Bank of Lithuania, and whose bonds are listed on the Nasdaq Stock Exchange.

EUR 59 million
worth of assets managed
1 real estate fund
investment manager
Shareholders:
SBA Group (70%) and Fox holdings (30%)
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
2017
2018
2019
TEAM
Donatas Mačinskas
Head of Investor Relations
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Donatas Mačinskas
Head of Investor Relations

Donatas has a bachelor’s degree in Statistics from Vilnius University. He has more than 13 years of experience in the banking sector, dealing with credit, investment management, and portfolio formation. For the last 6 years, he worked at SEB Bank in the Private Banking Department, advising key bank clients on investment solutions. Throughout his experience in investing, he has focused on developing the right strategy, portfolio diversification across both regional and asset classes. Donatas has acquired a Brokerage consultant license.

 

 

ANDRIUS BARŠTYS
Portfolio Manager and CEO
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ANDRIUS BARŠTYS
Portfolio Manager and CEO

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.

MINDAUGAS LIAUDANSKAS
Investment Strategist
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MINDAUGAS LIAUDANSKAS
Investment Strategist

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.

LAURYNAS BAGDONAS
Compliance Officer
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LAURYNAS BAGDONAS
Compliance Officer

Laurynas graduated in law from Mykolas Romeris University.  He is a professional in the fields of anti-money laundering and counter-terrorist financing with over 10 years of experience in banking and payments. Laurynas has held managerial positions in such companies as Citadele and Western Union creating, developing and implementing organisational compliance-related programmes. He is a Certified Anti-Money Laundering Specialist.

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.

MINDAUGAS KNIUKŠTA
Chief Financial Officer
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MINDAUGAS KNIUKŠTA
Chief Financial Officer

Mindaugas graduated in economics from Vilnius University. He has 10 years of experience in the real estate investment management, planning, analysis and evaluation. Before joining Capitalica Asset Management, Mindaugas worked as a business controller for Northern Horizon, a real estate management company operating across the Nordic and the Baltic states. Mindaugas is a Chartered Financial Analyst (CFA).

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.

MANAGED FUNDS
Capitalica Baltic Real Estate Fund I

Capitalica Baltic Real Estate Fund I is a closed-ended investment company for informed investors. Capitalica Baltic Real Estate Fund I is licensed and supervised by the Bank of Lithuania.

3 real estate properties
managed in Lithuania
Kauno dokas
135
Luizė
1 real estate project under
development in Latvia
Verde
33 thousand m2
in area of assets managed
Bonds are listed
on the First North alternative marketplace managed by Nasdaq Vilnius
>50
investors
Completed offering of EUR 5 million
worth of bond issue
HOW TO INVEST

We invest in real estate projects to create the cities of the future. Thanks to our unique investment management expertise, we follow the sustainable investment standard and our business and customers are encompassed by the philosophy of ‘innovative ideas offering attractive returns’. Hence, investing is easy.

LET’S HAVE A MEETING
Pursuant to the applicable legislation and the requirements set by the Bank of Lithuania, every potential investor wishing to invest in our fund must comply with the requirements of an informed investor.
DO YOUR ANALYSIS
Once we are satisfied that you meet the requirements set for an informed investor, we will provide all information about our strategy, the fund and investment process, and answer all of your questions.
INVEST
As soon as you have studied, analysed and evaluated the information provided, you will be able to make an investment decision. We understand how important this is to you. Therefore, we are prepared to meet for a face to face conversation as many times as you may need.
MONITOR
Once you have successfully made your investment, you will receive a newsletter from the fund with general information and performance of the fund every month. If you log into your personal account, you will get access to all of the fund’s documents and personal investment performance.
BONDS
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
From 5,5 % to 6,5 %
OBJECTIVE
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).
MARKET
The bonds are listed on the Nasdaq First North Lithuania market
INVESTORS
100 legal and natural persons
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 designed for investing in the facility of two class A business centres VERDE in Riga.
team
VALUE
Up to and including EUR 4,999,000
NOMINAL VALUE
1 pc – EUR 100
TERM TO MATURITY
3 years
COUPON
5% annual interest paid on a quarterly basis
OBJECTIVE
To finance the issuer’s ordinary activities, i.e. investments in two class A business centres to be developed in Riga.
MARKET
The bonds have been admitted to the alternative First North marketplace managed by Nasdaq Vilnius. More information is available here.
INVESTORS
100 legal and natural persons
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.

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
100 %
YEAR BUILT
2016

The facility of two class A business centres VERDE is opening in the Riga’s Skanste district in 2022. 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, is going to be built to the BREEAM Excellent standard. The investments will reach around EUR 65 million.

TYPE
Class A business centre
LOCATION
Hanza 14, Ryga
GROSS BUILDING AREA
45,000 m²
GROSS LEASABLE AREA
30,000 m²
EXPECTED COMPLETION DATE
2022
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
YEAR BUILT
2014
OCCUPANCY
98 %
CONTACTS
Details of the company
BANK
AB SEB bank
COMPANY NUMBER
304234719
IBAN
LT67 7044 0600 0809 1487
SWIFT CODE
CBVILT2X
General enquiries
Laisvės pr. 3, Vilnius 04133, Lithuania