Fund managed by I Asset Management is starting the construction of a dormitory in Santariškės

2021 06 01

We are starting the construction of Santara private student house in Vilnius.  Fund managed by Asset Management will invest 9.7 million EUR in the project until 2022 Q3.

“Even during the peak of the pandemic, student homes in European cities have maintained almost 100% occupancy ratios, so we see great potential for this project. The need for new modern student homes in Lithuania and the surrounding regions is huge, so we do not lack optimism or investor interest, ”says Karolis Šarūnas, Fund manager of IAM European Student Housing Fund.

The construction of the project will be managed by the commercial real estate developer VPH, the building was designed by the studio 313 architects. The student house will be built on Santara Street, near the Santara Clinics and the Vilnius University Medical Faculty Research Center (under construction), and will accommodate VU Faculty of Medicine local and foreign students and other young professionals working in Vilnius.

Read more in Verslo Žinios article

Share