BaltCap Infrastructure Fund will invest EUR 6 million into private school project in Lithuania
BaltCap Infrastructure Fund (BInF) will finance EUR 6 million development of a private school in Vilnius. The school will be built in Vilnius City Innovation Industrial Park and will be operated by The British School of Vilnius (BSV). The school will be designed by 2L architects and developed via a special purpose company BSV Development.
Located on the 12 thousand sq m plot, the A ++ energy class, 4-story, 4 thousand sq m building will have large, modern and bright classrooms. It will include a science laboratory and art classes, a gym, a swimming pool, and outside sports infrastructure with a football pitch and basketball court. The design phase is planned to be finalized by August 2022 and the construction to be completed by the end of 2023.
BInF will own and lease the school for 20 years. At the end of the contract period, BSV will buy it out.
“We see private school operators increasingly taking a lead role in upgrading outdated education infrastructure in Lithuania and sharing the burden with public sector. Our infrastructure dedicated fund has a long-term investment focus and all the necessary tools to support BSV with their ambition to create a modern school for providing quality education. We are sure this is not the last school to be financed by us in the near future,” says Šarūnas Stepukonis, partner at BaltCap Infrastructure Fund.
According to the plans, the new school will accommodate up to 400 children from both preschool and school. The complex will employ up to 50 teachers and administrative staff.
“This is a very exciting stage in the school's development and we are looking forward to working with BaltCap to create a state of the art campus that will allow the school to continue to offer a world-class education to families in Vilnius that is on par with the very best private schools in the UK. BaltCap's wealth of experience in infrastructure investment and previous experience in school development will be valuable in making our new campus a success,” says Mr. Andrew Prosser, the Headmaster of The British School of Vilnius.
„Just in a couple of years VCIIP will become a city with about 1000 people working daily in Lithuanian and international companies and research centres. Without doubt access to educational services that meet the expectations of VCIIP community will be very important,” says dr. Gediminas Pauliukevičius, the director of Northtown Vilnius, the operator of Vilnius City Innovation Industrial Park.
“Educational facilities significantly impact pupils' creativity, achievements, and the well-being of the entire community. Our team sees profound meaning in educational projects, thus, we are thrilled to be chosen as the partner for already our seventh school design project,” says Paulius Latakas, the managing partner at 2L Architects.
In 2018, BaltCap Infrastructure Fund financed the EUR 11 million school and preschool complex in Kalnėnai district, in Vilnius. The Queen Morta School and “Vaikystės sodas” preschool is housing the building since the beginning of 2020.
BaltCap is the largest private equity firm in the Baltics focusing on buy-out, growth capital, venture capital and infrastructure investments. BaltCap has a strong presence in all three Baltic countries, Finland, Sweden, and Poland with local offices and an experienced team. Since 1995, BaltCap has been managing several generations of private equity funds with total capital of over EUR 700 million and has completed about 100 platform investments.
Additional information:
Sarunas Stepukonis
BaltCap Infrastructure Fund
sarunas.stepukonis@baltcap.com
www.baltcap.com
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Photo credit: BaltCap; Europe Up Close