Lithuania

Eastnine AB (publ) has completed the acquisition of the newly built office property S7-3 in Vilnius from Galio Group. The acquisition price amounts to approximately €43m. With the acquisition Eastnine becomes the largest owner of office properties in Vilnius.

Newsec represented Western Union Processing Lithuania (WU) on a lease agreement for more than 15,000 m² of office space with the Finnish real estate investment and management company Technopolis.

Deka Immobilien has exchanged contracts to secure the purchase of the “Quadrum” office complex in the central business district of the Lithuanian capital of Vilnius for around €156 million. The seller is UAB Schage Real Estate AS, a Lithuanian subsidiary of the Norwegian developer and real estate portfolio company Schage Eien...

Baltic Horizon fund signed an agreement with closed-end investment undertaking intended for informed investors UAB "Prosperus Strategic RE Fund” to acquire business centre “North Star” to their portfolio. The real estate properties are located on Ulonu str. 2 and Verkiu str. 23, Vilnius comprising as the “North Star” building...

The office market of Kaunas is growing rapidly: since 2016 until now, the total space of modern offices has doubled, and this year Kaunas will see a record-high increase in modern office space – over 52,300 sq. m. After the recent surge in new business centres, the total office market of Kaunas will amount to 250,000 sq. m. I...

.Hilton has opened its first Hilton Garden Inn hotel in the heart of Lithuanian capital Vilnius. The 164-room property is located on Gedimino Avenue and enjoys close proximity to the Ministry of the Foreign Affairs, Lithuanian Parliament, KGB Museum and Lukiskiu Square as well as Vilnius Old Town. Adapted to meet today’s busi...

In recent years the average vacancy rate for offices in Vilnius has been about 3 percent, one of the lowest rates in Europe. The indicator’s remaining stably low for some time has led more and more real estate developers to focus on office expansion in Vilnius, and that means free office space in the Lithuanian capital will g...

The beginning of 2019 stood out in the office market of Vilnius by the abundance of leasing deals as over 20 thousand sq. m of modern office space were leased in the first quarter, which is twice as much as new office space built, claims Vilnius Office Outlook, a Q1 2019 review on the office market of Vilnius drawn up by News...

Northern Horizon Capital AS as the management company of Baltic Horizon Fund hereby informs that Dalia Garbuzienė resigned from the supervisory board of Northern Horizon Capital AS.

Baltic Horizon Fund closed the acquisition with UAB YIT Lietuva, part of the Finnish YIT Corporation, of the newly constructed Duetto II office building in Vilnius on 27 February 2019. The purchase price is approximately EUR 18,3 million, which corresponds to an entry yield of approximately 7.1%. The sales purchase agreement ...

Developer M.M.M. Projektai signed an agreement to sell offices in S7 office complex. S7 is located in the CBD of Vilnius, Lithuania, which consists of four buildings. Agreement has been signed to sell three buildings of S7 complex, totalling 42,500 sq. m. of GLA. The sale closing of the first building DC PIER took place yeste...

Baltic Horizon fund signed a sales and purchase agreement with UAB YIT Kausta to acquire the newly constructed Duetto II office building in Vilnius. The purchase price is approximately €18,3 million, which corresponds to an entry yield of approximately 7.1%. The transaction is expected to close by the beginning of March 2019,...

The Finnish family owned company Pontos, sold the RYO shopping center on Savitiškio gatve 61 in Panevezys to EfTEN Real Estate fund 4 for €47 million, making it one of the largest real estatetransactions in the Baltics this year. The total retail space of 24,2 thousand sqm currently houses 132 tenants. Newsec has acted as th...

DNB and Nordea have entered into an agreement with Blackstone to sell part of their shares in the merged bank, Luminor. The group was established as an independent Baltic bank in 2017, built on the Baltic businesses of Nordea and DNB. Today, Luminor is the 3rdlargest financial services provider in the region, with a 23% lendi...

Northern Horizon Capital AS has elected Milda Dargužaitė as a new member of the supervisory board for a period of 5 years. She will succeed Michael Rudolf Schönach. Dargužaitė acts as a Group Chief Executive Officer to Northern Horizon Capital Group. She has extensive work experience in both private and public sector locall...

Baltic Horizon Fund completed acquisition of 0,87 hectares of land next to Domus Pro complex in Vilnius currently owned by the fund. Total purchase price for three land plots, located at Ukmerges 310/316, all falling under one detail plan, was approx. €1,7 million. The land plots were acquired with the goal to further expand ...

Rezidor Hotel Group AB has signed the Park Inn by Radisson Vilnius Airport Hotel & Business Center. Expected to open in 2020, this 120-room hotel will be the group's sixth hotel in operation and pipeline in Lithuania, and the fourth in the city. The group operates two Radisson Blu hotels in the city already and plans to add a...

Northern Horizon Capital AS has approved the audited financial results of Baltic Horizon Fund for the year 2017. The financial results remained unchanged compared to the preliminary disclosure on 15th of February 2018. At the end of 2017, the GAV increased from €154.9 million to €215.8 million as compared to the end of 2016. ...