Through a public bond offering in Lithuania, Kaita Living raised EUR 8 million. Each bond has a nominal value of EUR 1,000, with an annual interest rate of 11.5%, paid semi-annually. The bond maturity is 2 years, with a redemption date set for July 15, 2027.
The bond offering was arranged by Orion Securities, with legal advisory provided by the law firm TEGOS.
“The rhythm of modern urban life is evolving – the concept of co-living is emerging as a response to changing expectations of city dwellers. This vision of residential space not only reflects today’s lifestyle trends but also attracts growing interest from investors. We’re pleased that Kaita Living will be able to develop new projects using the funds raised through the bond issuance,” said Gediminas Varnas, President of Nasdaq Vilnius.
“We’re expanding across Europe: soon we’ll open a new co-living project Youston in the center of Riga, we’ve started conversion work in central London, we manage the largest rental housing portfolio in Lithuania, and we’ve entered the B2B segment in Prague. We’re actively exploring new development opportunities in Poland and London. All of this is supported by a sustainable and experience-based business model. It’s encouraging to see that the returns generated by this model are attracting investor interest across all three Baltic countries,” said Ugnius Latvys, CEO of Kaita Living.
About Kaita Group
Kaita Group is one of the largest real estate development companies in Lithuania, having completed 26 real estate projects in the country. In the rental housing market, the group manages the largest rental portfolio in Lithuania, with over 550 units locally and nearly 1,000 units across Europe. In Vilnius, Kaita Group is also developing residential sales projects such as Moods, Newton, and OFF, with a total of 685 planned apartments.
In addition to projects in Vilnius, the group owns co-living properties Youston in Prague and a nearly completed project in central Riga. Recently, Kaita Group began converting a historic hospital into co-living spaces in London’s Tower Hamlets district, near the iconic Tower Bridge and the City of London – one of the most desirable locations in the city center.
Kaita Living operates co-living, shared workspaces, and apartment projects in central Vilnius with a 98% occupancy rate sustained over several years. The main rental housing projects include Youston Coliving on Smolensko Street 14, Youston Coliving on Slucko Street 8, and Youston Apartments on Smolensko Street 10.
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Kontaktai žiniasklaidai:
Eglė Juškaitė
Nasdaq Vilnius
Marketing and Communications Manager
egle.juskaite@nasdaq.com
+370 618 17811