Investment company Eika Asset Management (EAM) has launched a new closed-end fund  – KŪB Partnership Fund II – intended for informed investors. The fund‘s primary investment focus is the development of multi-apartment residential projects in Vilnius and targets an average annual return of 13–15%. Its establishment has been approved by the Bank of Lithuania. 

“The main investment targets of the fund are residential projects in Vilnius where commercial and service premises complement living spaces. Although EAM has actively expanded its fund investments throughout Central Europe and Germany in recent years, investments in Lithuania remain an important part of our focus. The residential real estate market in Vilnius continues to be highly attractive for investors,” says Andrius Uždavinys, CEO of EAM. 

According to A.Uždavinys, Vilnius continues to impress many international partners with its rapid growth, making real estate investments in the capital not only financially sound, but also a strategic investment in the city’s future. 

“EAM fund investments in real estate projects are not simply investments in another building. They represent a stable source of returns for investors and a meaningful contribution to the urban and economic development of Lithuania’s capital,” he emphasizes. He notes that Vilnius remains one of the fastest-growing cities in the region, thus providing strong long-term value and growth potential for investors. 

KŪB Partnership Fund II is the seventh investment fund to be established by Eika Asset Management. It will begin its investment activity with the acquisition of a residential development project in the Kalnėnai district of Vilnius. A new mid-market housing project is set to launch there next year. Over five years and across four stages, more than 473 apartments will be made available on the market. The total project value is nearly EUR 60 million. 

The appointed fund manager is Gediminas Tamašauskas, Head of Capital Markets at EAM, who has worked at the company for over two years. His portfolio of achievements includes signing financing agreements with top-tier international banks in several jurisdictions, including Lithuania, Latvia, Poland, Slovakia and the United Kingdom. He has also initiated several bond issuances, including one listed on the main Nasdaq regulated market. 

KŪB Partnership Fund II is another strategic step in EAM’s growth, reinforcing its long-term investment focus on Vilnius.  EAM-managed funds invest in both Lithuania and other countries, primarily in Central and Eastern Europe.