We advised Dexcom, a US medical technology company, on the largest office lease transaction in Lithuania so far this year. Dexcom has signed an agreement to lease a 6,000 m2 office space in the business centre Business Stadium North East in Vilnius. The project is being developed on the site of the former Žalgiris stadium by real estate development company Hanner.
Jessica Shields, Vice President of International Business Operations at Dexcom, comments: “It was decided to establish a service centre in Vilnius after carefully considering various European cities. Vilnius stood out for its favourable conditions for business development and its qualified specialists. Anticipating the development of the future team and the need for talent, it was important to find an office that would provide comfortable working conditions for professionals and the opportunity to occupy the office space in stages.”
Our services and project team
Partner Kęstutis Adamonis, senior associate Simona Stančiukaitė and associate Lukas Vaišvila advised Dexcom on all legal matters related to the transaction.
Largest office spaces usually leased by service centres and IT companies
This deal shows that last year’s trends in the office space market in Vilnius are continuing – in 2020, the largest office spaces in Vilnius were being leased by service centres and IT companies. Our team advised on four out of the six largest disclosed lease transactions in Vilnius:
- Telia Global Services Lithuania leased office space in Lvovo business centre,
- Metso leased office space in Business Stadium North,
- Western Union concluded two lease deals in Technopolis business centres Gama and Delta.
Read more about the office lease market in 2020 in this overview by vz.lt (in Lithuanian).