UAB Orkela Reports Robust Growth in Financial Performance

Introduction to UAB Orkela

The Company, UAB Orkela, has established itself as a reputable private limited liability enterprise that was officially recorded with the State Enterprise Centre of Registers. Founded in 2015, Orkela is prominently known for its strategic pursuits within the real estate development and construction sector.

Company Overview

UAB Orkela operates from a legal address in Vilnius, with a concentrated focus on developing a substantial land plot and building complex. Their current project involves a lyceum and hotel complex, which is meticulously being constructed adjacent to the illustrious Church and Monastery of the Apostles St. Philip and James.

This venture not only showcases the company's dedication to elevating community spaces but also hints at their expectations for project completion within the upcoming period.

Financial Highlights for 2024

Throughout the first three quarters of 2024, UAB Orkela has exhibited remarkable financial activity. The Company took a significant step in January by issuing a bond tranche comprising 11,066 units, which collectively amount to EUR 11,066,000 from a larger total bond issue projected at EUR 40 million. This strategic move enhances their financial standing and supports their ongoing projects.

Strategic Agreements and Partnerships

The Company made notable strides in June 2024 by entering a lease agreement with a private educational operator for a space encompassing 3,300 square meters. This agreement marks a collaborative effort to support educational initiatives in their vicinity.

The partnership extended further in July when UAB Orkela secured a franchise agreement with ACHM GLOBAL HOSPITALITY LICENSING S.À R.L. This agreement allows them to operate under the esteemed AC Hotels by Marriott brand, signaling a substantial addition to their business portfolio.

Furthermore, in August, a significant hotel management agreement was inked with Apex Alliance. This collaboration is aimed at effectively managing the operations of their newly developed hotel, ensuring quality service delivery.

Investment Overview

As of September 30, 2024, the Company has dedicated investments totaling approximately EUR 5.84 million into the development of its projects. These investments reflect not only significant financial commitment but also the potential for lucrative returns in the future.

Throughout this period, UAB Orkela reported costs related to project development at EUR 298.6 thousand, alongside financing costs totaling EUR 2.307.3 million. Such detailed financial insights indicate robust operational management.

Assets and Financial Standing

As of the end of September 2024, UAB Orkela's assets reached a remarkable EUR 39.769 million, marking a notable increase from EUR 33.933 million reported on December 31, 2023. This appreciable growth in assets underlines the Company's successful project execution and overall business sustainability.

Management Insights

In leading these impressive advancements, Director Anastasija Pocien? plays a pivotal role in steering UAB Orkela towards a prosperous future. Under her leadership, the Company continues to navigate the challenging landscape of real estate and development effectively.

For any inquiries or additional comments, you may reach out to Director Anastasija Pocien? at her contact number: +370 671 16 232.

Frequently Asked Questions

What is UAB Orkela known for?

UAB Orkela is recognized for its real estate development and construction projects, particularly focusing on educational and hospitality facilities.

When was UAB Orkela founded?

The company was founded in 2015 and has since established a solid presence in the real estate sector.

What significant financial actions did UAB Orkela take recently?

In January 2024, the company issued bonds valued at EUR 11,066,000, contributing to its financial growth and project funding.

Who should I contact for more information about UAB Orkela?

For inquiries, you can contact the Director, Anastasija Pocien?, at +370 671 16 232.

What are the current assets of UAB Orkela?

As of September 30, 2024, UAB Orkela's assets reached EUR 39.769 million, demonstrating significant growth.

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