Capitalica Asset Management Secures €13 Million Funding from SEB banka
Capitalica Asset Management, a Baltic investment firm, has secured an additional €13 million in funding from SEB banka in Latvia and Lithuania. This latest infusion supports bonds managed by the Capitalica Baltic Real Estate Fund I. With this agreement, SEB banka’s total funding for Capitalica-managed funds and projects now exceeds €100 million, marking a significant milestone in their partnership.
Strategic Funding in a Shifting Market
The funding arrives at a crucial time, as financial markets navigate a period of uncertainty. SEB banka views this investment as a strategic move to support long-term commercial real estate projects. Given the current state in the financial markets, we believe that bank funding can now be a more viable alternative to long -term commercial real estate projects,
points out Ints Krasts, Member of the Board of SEB banka.
Verde Business Center: A Success Story
The success of Verde, a business center in Riga managed by Capitalica Baltic Real Estate Fund I, underscores the demand for high-quality office spaces. According to SEB banka, all of Verde’s premises have been successfully leased. Properties managed by Capitalica in Vilnius and Kaunas are also performing strongly, demonstrating the company’s ability to identify and develop valuable real estate assets.
Allocation of Funds
The €13 million funding will be strategically allocated across three companies managed by Capitalica baltic Real Estate fund I:
- Verslo Centras 135 (Vilnius)
- Žaliacalnio Park (Kaunas)
- Hanza 14 (Riga)
Half of the loan will support projects in vilnius and Kaunas, benefiting SEB customers. The remaining half will be directed towards the Verde office center in Riga. Ints Krasts emphasizes the high quality of these properties, noting that they are Certified Buildings Certified in accordance with BREEAM standards.
BREEAM certification signifies a commitment to enduring building practices.
Strategic Partnership and Investor Confidence
The continued partnership between Capitalica and SEB banka reflects a strong relationship built on trust and mutual benefit. According to Andrius Barštys, the Chairman of the Board of the Investment Management Company of the SBA Group and the manager of the Capitalica Baltic Real Estate Fund I Foundation, Our long -term cooperation with the bank allows us to steadily conclude a strategically significant phase and fulfill our commitment to investors. This step reaffirms our transparency and reliability, maintaining a high level of liquidity even in a geopolitical uncertainty.
earlier funding and Bond Redemption
Previously, SEB banka provided €60 million in funding for the construction of Verde, Capitalica Asset Management’s environmentally kind office complex in Riga’s Skanste Business District. This loan supported both the building project and the capitalica Baltic Real Estate Fund I, which had previously issued closed emissions for the same purpose.
The new funding enables Capitalica to redeem its last two bond releases, totaling €13 million, ahead of schedule. The bonds, valued at €8 million and €5 million, were originally due on October 30, 2025, and february 7, 2026, respectively.
About Capitalica Asset Management
Capitalica Asset Management (www.capitalica.lt) is a licensed investment management company regulated by the Lithuanian Bank. Its shares are traded on the Nasdaq Stock Exchange.The company manages investment funds focused on commercial real estate and private debt securities in the Baltic States.
Capitalica Asset Management oversees several key funds:
- Capitalica Baltic Real Estate Fund I: Owns Verde office complex in Riga, Business Center 135 in Vilnius, Business center Kauno Dokas in Kaunas, and Luizė shopping center in Klaipeda.
- Capitalica Z114 Real Estate Fund: Owns the Sand Office, a Class A business center in Vilnius.
- Capitalica Green Logistics Fund: Owns five green logistics complexes, including three in Tallinn and two in Riga.
- Capitalica European Office Fund: Focused on constructing modern office buildings, such as Verde complex C and D buildings.
- Capitalica Debt Fund: Invests in high-yield corporate bonds in the Baltic region and other European countries.
Capitalica Asset Management is primarily owned by the SBA Group (70%), with Fox Holdings (owned by A. barštys) holding the remaining 30%. SBA is one of Lithuania’s largest conglomerates, managing over 30 real estate, furniture, and textile companies, and also investments. The group employs approximately 3,500 people.
