Lithuanian Company Buys Historic Property in Vilnius for €760K

by ethan.brook News Editor

Vilnius residents may soon see changes at a historic, but unusual, property in the Žvėrynas neighborhood. A company linked to the owners of the cybersecurity firm Tesonet has purchased a former morgue, complete with a plot of land and accompanying structures, for €760,000.

The property, located at Kęstučio g. 2A, includes a 10.5-acre plot, an 81 square meter morgue building listed on the cultural heritage register, a 50 square meter warehouse, and a transformer substation. The sale was finalized on February 13, 2026, according to information released by the Lithuanian State Property Bank.

The purchase was made by UAB “Pamatai ir pastatai” (Foundation and Buildings Ltd.), a company indirectly owned by the individuals behind Tesonet, a Lithuanian cybersecurity group. The initial asking price at auction was €540,000, and three parties participated in the bidding process, the State Property Bank reported. This acquisition raises questions about the future use of the historically significant, yet unconventional, property.

A Unique Property with a Protected Status

The most striking feature of the property is the 81 square meter morgue building, which is protected as a cultural heritage site. This designation means any renovations or alterations will likely face scrutiny from heritage authorities. The inclusion of a building on the cultural heritage register adds a layer of complexity to any potential redevelopment plans. The specific reasons for its inclusion on the register are currently unconfirmed.

Beyond the morgue, the property also includes a 50 square meter warehouse and a transformer substation, suggesting it was once part of a larger infrastructure network. The 10.5-acre plot itself offers considerable space for development, though any plans will need to consider the protected status of the morgue and local zoning regulations.

Tesonet’s Expanding Portfolio

Tesonet, known for its cybersecurity solutions, has been steadily expanding its business interests in recent years. Whereas primarily focused on technology, the company and its owners have demonstrated an appetite for investment in real estate and other sectors. The company’s website details its core business in cybersecurity solutions, but provides no information on real estate holdings. Tesonet

UAB “Pamatai ir pastatai” appears to be the vehicle through which these investments are made. The company’s involvement in the purchase of the Žvėrynas property suggests a strategic interest in the area, known for its upscale residential character and proximity to the city center.

The Auction and Bidding Process

The sale of the property was conducted through a public auction managed by the Lithuanian State Property Bank. The initial price of €540,000 attracted three bidders, ultimately driving the final sale price up to €760,000. The State Property Bank is responsible for managing state-owned assets and generating revenue through their sale or lease. Information about past auctions and current listings can be found on their website. Turto Bankas

The competitive bidding suggests strong interest in the property, despite its unusual history and the constraints imposed by its protected status. It remains to be seen what motivated the other bidders and what alternative plans they may have had for the site.

What’s Next for the Former Morgue?

The future of the property remains uncertain. Given the cultural heritage designation, a complete demolition of the morgue is unlikely. Potential uses could include a boutique hotel, a cultural center, or a unique residential development, but all would require careful planning and approval from heritage authorities. The owners have not yet publicly announced their intentions for the site.

Local residents will be watching closely to see how the property is redeveloped. The Žvėrynas neighborhood is known for its quiet, residential character, and any significant changes to the site could have a noticeable impact on the surrounding area. The Vilnius city municipality will be a key stakeholder in the process, as any development plans will need to comply with local zoning regulations and building codes.

The next step in the process will likely involve the submission of development plans to the Vilnius city municipality for review. The municipality’s planning department will assess the proposals against the relevant regulations and consult with heritage authorities to ensure the preservation of the morgue building. Updates on the planning process can be found on the Vilnius city municipality website. Vilnius City Municipality

This acquisition by Tesonet-linked investors marks an intriguing development in Vilnius’s real estate landscape. As plans for the former morgue take shape, it will be a story to watch for those interested in the intersection of history, investment, and urban development.

What are your thoughts on the future of this unique property? Share your comments below and let us know what you suppose should become of the former morgue in Žvėrynas.

You may also like

Leave a Comment