Core Viewpoint - INVL Baltic Real Estate is expanding its coworking space offerings by opening a second Talent Garden Vilnius location in a historically significant building, with refurbishment set to begin in January and completion expected by the end of 2026 [1][2]. Company Overview - INVL Baltic Real Estate owns various properties in Vilnius and Riga, including office buildings and a logistics park, with occupancy rates ranging from 82% to 98% as of September 2025 [9]. - The total area of properties owned by INVL Baltic Real Estate is 19,600 sq. m., with a valuation of EUR 47.4 million at the end of September 2025 [10]. - Since its inception in December 2016, INVL Baltic Real Estate has provided stable returns to investors, distributing a total of EUR 2.38 in dividends per share [10]. Project Details - The new coworking space will cover a usable area of 3,500 sq. m., featuring 325 workstations, including 48 premium-class private offices designed for 4–8 people [5]. - The facility will include 20 meeting rooms, a 300 sq. m kitchen, and various collaborative spaces, enhancing the infrastructure for tenants [6]. - The refurbishment will focus on preserving the building's historical features while modernizing the interior and exterior, including the addition of panoramic skylights and updated engineering systems [4][3]. Management and Design - The refurbishment project is being managed by UAB Senojo miesto architektai and the interior design is by architecture studio Plazma, with construction carried out by experienced contractors [8]. - Vytautas Bakšinskas, the real estate fund manager, emphasizes the importance of the building's location and unique architecture in the decision to expand [2]. Market Position - Talent Garden Vilnius has established itself as a platform for international companies entering the Lithuanian market, focusing on employee well-being and operational efficiency [7]. - The new location aims to provide more flexible and innovative solutions for fast-growing businesses and startups, raising the standards of coworking spaces in the region [7].