Newsec’s property management portfolio expands

Newsec’s property management portfolio expands

The closed-end investment company Pirmoji Investavimo Įmonė UAB has entrusted the management of commercial assets to the international real estate advisory firm Newsec in the Baltics. That includes 30,000 sq. m. of space in buildings used for retail, logistics and offices which belong to 

Newsec in the Baltics will manage two Rimi stores (on Liepojos Street in Klaipėda and on Kareivių Street in Vilnius), the ELEVEN business centre in the Lithuanian capital, and a logistics centre of Baltic Agro Machinery, which sells and services agricultural, construction and forestry equipment, in Kaunas region.

“We chose Newsec as a reliable partner that has experience managing various types of buildings and can ensures high-quality services. For our company’s work, efficiency and environmentally friendly solutions are important, and here the service provider’s standardized and certified processes ensure smooth operation of the properties and strong satisfaction on the part of tenants,” says Žydrūnas Lukauskas, manager of the company Pirmoji Investavimo Įmonė UAB.

Rida Kalvaitienė, the Head of Asset and Property Management at Newsec in the Baltics, notes that that decision by the company shows they very well understand the value of having a building’s day-to-day care, tenant relations, new tenant onboarding, and technical maintenance handled by specialists.

“We have years of experience managing shopping centres, office buildings, and logistics and warehouse properties. To enhance our services and improve lease performance and tenant relations, we focus a lot on high quality reports, budget control and ensuring a smooth leasing process,” Kalvaitienė says.

Newsec in the Baltics manages 59 commercial properties that have a total area of nearly 620,000 sq. m. A team of 52 professionals is responsible for managing the commercial properties and increasing their value. Across Northern Europe, Newsec manages a portfolio of properties valued at 65billion euros.

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