EBRD and Releven partner to deliver sustainable real estate in Vilnius
Lithuania, June 3 -- The European Bank for Reconstruction and Development (EBRD) is partnering with Releven, one of Lithuania's leading real estate developers, to deliver sustainable real estate projects in Vilnius.The Bank will invest up to €50 million in a new joint venture with the company to finance high-quality, energy-efficient office, residential and mixed-use projects in the city's central business district and old town. The Bank's equity commitment will support more advanced development projects in Releven's pipeline.The joint venture will focus on transforming underused land and brownfield sites into vibrant, sustainable urban spaces that contribute to Vilnius' long-term urban development strategy. All development projects c...
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