INVL Asset Management has raised 27.3 million euros from investors for the second phase of the Rūdninkai military campus construction project.
The funds were committed by more than 100 investors from Lithuania, Latvia and Estonia, including institutional investors, private individuals and companies investing through the INVL Family Office.
The group is participating in the project as a financial partner alongside Rudina, a company managed by Fegda and Conres LT.
“With this step, we are completing an important phase of the project – raising the equity capital required for investment. Due to high investor interest, the fundraising process was completed even earlier than planned,” said Ignas Šablevičius, infrastructure project manager at INVL Asset Management.
Negotiations are currently underway with banks regarding loans for the project company, with this stage expected to be completed by the end of June. The company said two banks, including one operating in Lithuania, have been selected and terms are being finalised.
The project has previously secured a preferential loan of up to 540 million euros from the European Investment Bank, which has encouraged more active participation from commercial banks.
Rudina is implementing one part of the second phase of the Rūdninkai military campus, while other parts are being carried out by Merko Statyba. Under 15-year public-private partnership agreements, the total value of the projects runs into hundreds of millions of euros.
The Rudninkai military campus will be built on a 190-hectare site and will include residential quarters for soldiers, garages, workshops, canteens, warehouses, headquarters, petrol stations and training infrastructure with modern simulation systems.
The project is being developed to accommodate the German brigade due to be deployed in Lithuania by 2027.
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