TABA Invest, owned by Barščiai, is acquiring the ‘Yellowstone’ business centre.

An A-class business centre, Yellowstone, has been sold in central Vilnius. The project was developed by KŪB Jasinskio 14, and the company owning the building has been acquired by TABA Invest, one of the project’s original investors, owned by T. and T. Barščiai.

According to investor Tautvydas Barštys Jr., Yellowstone had been seen as a strategically attractive investment in Vilnius’s office market from the outset.

“We invested in this project from the very beginning, confident in the potential of its location and its distinctive architectural concept. A well-executed leasing strategy – including competitive pricing, flexible space planning and offering fully fitted premises to tenants – ensured the business centre was quickly filled and supported our decision to increase our investment in the project. We believe Yellowstone is a strong, long-term investment in Vilnius’s office market – a high-quality asset in a prime, strategically attractive location,” Barštys said.

T. Barštys Jr.

Agnius Tamošaitis, head of Jasinskio 14 Project, the company that sold the entity owning the business centre, said the transaction marks the successful completion of the project’s development cycle.

“This was an ambitious project in terms of location, architecture and market positioning. Throughout the development phase, we brought together a strong team of professionals – the project was well designed, professionally built and successfully leased. Projects like this show that consistent work and accumulated experience allow us to achieve our goals and create value for investors,” Tamošaitis said.

The project was also financed through capital market instruments. Jasinskio 14 Project, owned by KŪB Jasinskio 14, had issued €8 million in bonds. The bonds were originally set to mature on 16 June 2026, but will be redeemed early, with the final tranche to be repaid on 16 March 2026.

The project was also financed by Swedbank, which provided a €19 million loan.

The nine-storey, 13,365 sq m Yellowstone business centre is located in central Vilnius, near the Old Town, Naujamiestis and Žvėrynas districts, in the rapidly transforming Business Triangle area, and is considered one of the first signs of the district’s regeneration. The project was developed based on the architectural concept of Professor Rolandas Palekas, in collaboration with Rolandas Palekas Architects and design firm Planas B.

The business centre, completed at the end of 2024, is now almost fully leased. Its tenant mix is diversified, including pharmaceutical wholesaler Lexano, IT companies Blue Bridge Code and Podimo Lithuania, the Lithuanian branch of Commerzbank, the embassies of Armenia and Georgia, electronic security solutions provider Euroelektronika, and other organisations.

KŪB Jasinskio 14 had 14 Lithuanian individual and corporate investors, the largest of which were TABA Invest, owned by T. and T. Barščiai, and Unseen Pictures, owned by Marius Jovaiša.

Following the transaction, KŪB Jasinskio 14 and Jasinskio 14 Project do not plan to continue operations.