Latest news with #AkropolisGroup
Yahoo
22-05-2025
- Business
- Yahoo
A document permitting construction issued for the transport infrastructure improvement project at Gerosios Vilties and Geležinio Vilko streets, nearby the future multifunctional complex Akropolis Vingis in Vilnius
AKROPOLIS VINGIS Gerosios Vilties and Geležinio Vilko streets intersection The Vilnius City Municipality has issued a document permitting construction for the transport infrastructure improvement project, which is planned to be implemented near by the multifunctional complex Akropolis Vingis to be constructed in Vilkpėdė, a district of Vilnius. The project includes solutions that will be implemented in the current intersection of Gerosios Vilties and Geležinio Vilko streets. 'It is the last document permitting construction we have expected in the development of the multifunctional complex Akropolis Vingis. With regard to the complexity and scale of the project, we consistently take the planned steps necessary for the further development of the Akropolis Vingis complex - we are updating the project budget and will evaluate the financing options. We will inform the public about the further progress of the project as soon as we have any important news,' says Gabrielė Sapon, the CEO and Board member of Akropolis Group. The Vilnius City Municipality issued a document permitting construction for the multifunctional complex Akropolis Vingis in August 2024. Increased traffic throughput capacity and safety The implementation of Gerosios Vilties and Geležinio Vilko streets infrastructure improvement project provides for the major transformation of the intersection of these streets. It is planned to build a roundabout at the beginning of Gerosios Vilties street by Geležinio Vilko street, an underground car entrance into the underground parking lot of the multifunctional complex and a modern underground pedestrian and cyclist crossing under Geležinio Vilko street, also an additional left turn lane from Gerosios Vilties street to Savanorių avenue. After the planned solutions are implemented, the intersection of Gerosios Vilties and Geležinio Vilko streets will become a continuous traffic intersection. This is expected to increase traffic throughput capacity and ensure safe and convenient movement for all traffic participants – pedestrians, cyclists and drivers alike. The underground crossing under Geležinio Vilko street, meant for pedestrians and cyclists, will become a modern, convenient and live connection joining Naujamiestis and the Vingis Park. Three projects for improvement of adjacent infrastructure During the designing of Akropolis Vingis, three traffic infrastructure improvement projects have been prepared in total, forming an integral part of the quarter. The projects include infrastructure solutions that are going to be implemented in Eigulių, Geležinio Vilko, Gerosios Vilties and M. K. Čiurlionio streets. All of them were being elaborated in close cooperation with experts of the Vilnius City Municipality, taking into account their recommendations and comments. Design proposals for two of these projects were presented to the public in January 2023, the municipality approved of the design proposals in spring 2023. The Vilnius City Municipality issued a document permitting construction for Eigulių street project in November 2024, for projects in Gerosios Vilties and Geležinio Vilko streets – in May 2025. Some traffic infrastructure improvement solutions are already in progress – based on a document permitting construction that was separately issued for the project, the construction of a section of Eigulių street along the boundary of the land plot under development is being finalised. It will offer a convenient access to reVINGIS, a quarter of multi-apartment buildings being developed by Galio Group adjacent to Akropolis Vingis. All the public infrastructure improvement work is carried out at the expense of Akropolis Vingis project developer. In accordance with the existing legislation, a permit for the operation of the multifunctional complex will be able to be granted only after the developer has fully completed the implementation of the infrastructure improvement projects. The multifunction complex Akropolis Vingis that will emerge in the former industrial area will have shopping, service and recreational areas, a concert hall of 2,500 seats or up to 4,000 standing places, a food hall, a conference centre, a multiplex cinema centre, offices and apartments meant for long-term residential lease. The complex will have about 4,500 parking spaces. Meanwhile, the territory of the quarter will prioritise convenient traffic for pedestrians and cyclists, who will be able to enjoy new cycling and pedestrian paths here. A number of recreational and leisure areas are also to be created, some of them are designed on the roof of the multifunctional more information:Dominykas MertinasHead of Marketing and CommunicationsAKROPOLIS GROUP, UAB+370 Attachment AKROPOLIS VINGIS Gerosios Vilties and Geležinio Vilko streets intersectionError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
AKROPOLIS GROUP, UAB ANNOUNCES REDEMPTION OF NOTES
This announcement relates to the disclosure of information in relation to the Notes that qualifies or may have qualified as inside information withing the meaning of article 7(1) of the Market Abuse Regulation (EU) 596/2014 ("MAR"). For the purpose of MAR and article 2 of the Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Gabrielė Sapon, CEO of the Issuer. AKROPOLIS GROUP, UAB (the "Issuer") hereby notifies the holders of the EUR 300,000,000 2.875 per cent. Guaranteed Notes due 2026 (the "Notes") that it will redeem all of the Notes presently outstanding on 2 June 2025 (the "Redemption Date") at their Make Whole Redemption Price, equal to EUR 1,005.22 per EUR 1,000 in the principal amount of the Notes, in accordance with Condition 6(c) of the Notes. As the Redemption Date is also the Interest Payment Date for the Notes, holders will also receive the regular scheduled coupon equal to EUR 28.75 per EUR 1,000 in principal further information please contact: The Issuer Investor Relations AKROPOLIS GROUP, UAB IR@ Paying Agent The Bank of New York Mellon, London Branch 160 Queen Victoria Street London EC4V 4LA United Kingdom corpsov2@ FOR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OR TO ANY U.S. PERSON, OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
Notice on the Final Results of AKROPOLIS GROUP, UAB Green Notes Public Offering
AKROPOLIS Group Investor participation breakdown by region NOT INTENDED TO BE DIRECTLY OR INDIRECTLY OFFERED, PUBLISHED OR DISTRIBUTED IN THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH ACTIONS WOULD BE UNLAWFUL. On 8 May 2025, AKROPOLIS GROUP, UAB (hereinafter - Akropolis Group), the leading shopping and entertainment centre development and management company in the Baltic countries, determined the results of the successfully completed public offering of green notes, including the final offering price – Akropolis Group issued a green notes offering with a value of EUR 350 million, maturing in 5 years, and an annual coupon rate of 6.000% (hereinafter – the Notes). This issuance is expected to strengthen Akropolis Group's position in the international debt capital markets. The green notes issuance is carried out in accordance with the company's Green Finance Framework (hereinafter – the Framework), which was publicly disclosed in February of this year (Akropolis Group - Green Finance Framework - February 2025). 'Entering the international capital markets with our debut issuance was a historic achievement, and now, with our second green notes issuance, we are taking another step forward. The green notes issuance not only allows us to diversify our funding sources but also clearly demonstrates our commitment to sustainable growth. We thank both international and local investors for their trust – this confirms the maturity of our group and provides additional momentum to our sustainability strategy' – says Gabrielė Sapon, the CEO of Akropolis Group. Akropolis Group intends to allocate an amount equal to the net proceeds from the offering of the Notes to refinance the Issuer's existing EUR 300,000,000 2.875 per cent Notes due 2026 (hereinafter - the Existing Notes) and finance a portfolio or Eligible Green Projects (as they are defined in the Framework). The refinancing of Existing Notes is in compliance with the Framework as the proceeds of the Existing Notes were used to finance a portfolio or Eligible Green Projects (as they are defined in the Framework). After the successful issuance of the Notes, Akropolis Group intends to refinance Existing Notes by exercising the make-whole call redemption option as it is defined in the prospectus of the Existing Notes. The Notes issued under the new offering will be listed on the regulated markets of Euronext Dublin and NASDAQ Vilnius. The transaction has attracted a diverse investor base with over 90 investors participated in the offering, the order book peaked at 1.1 billion EUR and the final orderbook spread across Continental European and UK asset managers including sponsorship from the regional investor base - Baltic and Nordic fund managers and banks. Summary of the Final Results of the Green Notes Public Offering Issuer: AKROPOLIS GROUP, UAB (BBG Ticker: AKRPLS) Issuer Rating: BB+ (stable) S&P / BB+ (stable) Fitch Expected Rating of the Notes: BB+ (stable) S&P / BB+ (stable) Fitch Format: Regulation S, Cat 1, Registered (NSS) Settlement date: 15 May 2025 Amount: EUR 350M Tenor: 5 years Maturity: 15 May 2030 Cupon: 6.000% Fixed, Annual, Act/Act Re-offer Yield: 6.000% annual yield (re-offer price 100%) Listing: Euronext Dublin's Regulated Market with passporting to NASDAQ Vilnius Joint Global Coordinators: Citigroup Global Markets Europe AG, ING Bank N.V. Joint Bookrunners: Citigroup Global Markets Europe AG, ING Bank N.V. and Skandinaviska Enskilda Banken AB (publ) Denominations: EUR 100k x EUR 1k ISIN: XS3046302488 For more information: Dominykas MertinasHead of Marketing and CommunicationsAKROPOLIS GROUP, UAB+370 Attachments AKROPOLIS Group Investor participation breakdown by regionError while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
17-04-2025
- Business
- Yahoo
Akropolis Group, UAB will organize an Investor Conference Webinar to introduce the financial results of the year 2024
Akropolis Group, UAB invites investors, analysts, and other stakeholders to join the webinar scheduled on April 23, 2025 at 15:30 (EEST). The presentation will be held in English. During the webinar, Gabrielė Sapon, CEO and Ernesta Grikinaitė-Bartkevičė, CFO of Akropolis Group, UAB will introduce the financial results of the year 2024. After the presentation, attendees will have an opportunity to ask relevant questions. Due to limited webinar time, we encourage participants to submit their questions in the registration form or send them before the start of the webinar to To join the webinar, please register via the following link: Contacts:E–mail: IR@ webpage: Ozo st. 25, Vilnius, LithuaniaFor more information:Dominykas MertinasHead of Marketing and CommunicationsAKROPOLIS GROUP, UAB+370
Yahoo
17-04-2025
- Business
- Yahoo
Akropolis Group, UAB will organize an Investor Conference Webinar to introduce the financial results of the year 2024
Akropolis Group, UAB invites investors, analysts, and other stakeholders to join the webinar scheduled on April 23, 2025 at 15:30 (EEST). The presentation will be held in English. During the webinar, Gabrielė Sapon, CEO and Ernesta Grikinaitė-Bartkevičė, CFO of Akropolis Group, UAB will introduce the financial results of the year 2024. After the presentation, attendees will have an opportunity to ask relevant questions. Due to limited webinar time, we encourage participants to submit their questions in the registration form or send them before the start of the webinar to To join the webinar, please register via the following link: Contacts:E–mail: IR@ webpage: Ozo st. 25, Vilnius, LithuaniaFor more information:Dominykas MertinasHead of Marketing and CommunicationsAKROPOLIS GROUP, UAB+370 in to access your portfolio
