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EfTEN Capital launched a new commercial real estate fund, which will follow principles of green investments. The fund’s first acquisition is Danske Bank office building in Vilnius.
East Capital Real Estate Fund IV signed an agreement for acquisition of a newly developed 5-storey Naujasis Skansenas Ž business center, which will be completed by the end of this year.
The Malta-based investment management company Hili Properties signed an agreement to acquire a built-to-suit industrial-type property in the Klaipeda Free Economic Zone from Finnish developer YIT. The size of the deal is confidential. Newsec in the Baltics represented YIT in the transaction.
Demand on the office market in the Lithuanian capital rose to a historic high in the third quarter of 2021 as more office space was leased out than in any quarter since monitoring of the Vilnius office market began in 2016, specialists from Newsec write in a new “Vilnius Office Outlook” report.
East Capital Real Estate’s latest fund, East Capital Real Estate IV, announces its acquisition of a last mile distribution center in Vilnius, which is fully leased to the regional e-commerce leader Pigu, part of PHH Group.
Take-up on the Riga office market in the first half of 2021 reached pre-pandemic levels. Seeing the market’s potential, investors are moving ahead with office development projects focused on modern, high-quality solutions. Tenants, meanwhile, are gradually changing their habits and starting to make prelease agreements, analys...
Eastnine's Board of Directors has decided to broaden the current strategy from offices to include prime logistics properties in the Baltics. Diversification means continued high returns, but at a lower risk level. A broader investment focus further strengthens the company's growth opportunities.
Property developer Homa Group has acquired the building of the former Simple Plus hotel, at T. Ševčenkos St. 21 in Vilnius, from real estate investment manager Capital Mill. The size of the transaction is confidential. Newsec in the Baltics advised the seller in the transaction.
East Capital Real Estate’s latest fund, East Capital Real Estate IV, announces the acquisition of Jankiskiu 52 Center, a “last mile” modern logistics, distribution, and light industry center located in a suburb of Vilnius. The transaction marks the first Lithuanian acquisition by the fund, which recently bought SEB Estonian h...
Eastnine acquires a property portfolio including two office properties in Riga and Vilnius, respectively. The purchase price amounts to €35.5 million. Eastnine’s acquisition is, so far, the largest office transaction during 2021 in the Baltics.
EfTEN Real Estate Fund 4 has acquired a complex of 3 commercial properties in Vilnius, beside the highway to Molėtai, from Arginta Group, in a sale and leaseback transaction. The complex consists of three buildings with a total of over 16,000 m² of industrial, logistics and office space. Properties were built in 2007, 2012 an...
Dexcom, one of the largest U.S. medical technology companies, has signed a lease on an office in the Business Stadium business quarter currently under development on Rinktinės Street in the Lithuanian capital. The company will lease 6,000 sqm of space – or more than a third of its building. The international real estate consu...
Today, ReInvest acquired the newly built SEB HQ located in the heart of Vilnius CBD. The landmark property is ca. 12,800 m² of net leasable area. It is single let to the Swedish SEB bank on a long-term basis. The property features the only one in the Baltic market BREEAM Outstanding certification. SEB HQ has been developed by...
YIT and German plastic product manufacturer Rehau have signed a 20-year lease agreement on production premises to be constructed in the port city Klaipėda. As a result of this agreement, YIT will launch the construction of the 19,000 m² premises for Rehau. Rehau will start production in the premises at the beginning of 2022.
The investment fund Eften Real Estate Fund III has acquired the business centre at J. Rutkausko St. 6 in Vilnius from the owner UAB Sonex Consulting for €11.8 million. The sale was brokered by Newsec.
The latest research from the international rental marketplace, Spotahome, has revealed that just six European capitals have seen the cost of renting fall over the last year. Spotahome analysed monthly rental data across each capital city in the EU, as well as London, and found that the cost of renting has increased by 3% on a...
The negative economic forecasts made during the quarantine look more positive today: amid initial signs of recovery, no marked swings in rental price were noted in the second quarter on the Vilnius commercial real estate market and major tenants continued moving ahead with their expansion plans, Newsec write in their “Vilnius...