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“Vertas” and “Vilniaus vartai” business centers. Photo by Vladimir Ivanovo (VŽ)
Swedish investment company Eastnine for 20 million. Eur buys part of the “Vilniaus vartai” office complex near the Seimas.
The company announced the acquisition of 7,200 square meters. m of surface with 66 parking spaces and 6.0% yield when employment reaches 100%. 95% of the area is currently rented.
2007 part of the built building is sold by the real estate investment investment company (real estate) INVL Baltic Real Estate. It has owned this facility since 2015. The company owned a two-story store: they start with an inverted cut-out conical glass volume, with a restaurant on the ground floor and continue down Gynėjų street.
Its positive impact on INVL Baltic Real Estate’s profits in 2020 is estimated to reach 4.4 million. EUR, and the company’s net asset value (NAV) per share – EUR 0.33. 2020 At the end of June, the NAV per share of INVL Baltic Real Estate was 1.87 EUR.
The transaction is expected to be completed at the end of September.
And Eastnine has been in their portfolio since 2017. It is about 9,400m2 nearby. m from the leased business center “Vertas”, so he sees synergies in real estate management.
“This acquisition perfectly complements our portfolio in Vilnius”, is quoted in the report Kęstutis Sasnauskas, CEO of Eastnine. “Worthy and the new facility are Parliament’s closest neighbors, which provides us with opportunities for synergies across the administration.”
According to him, the transaction will be financed with own and bank funds, a 5-year loan from the SEB.
During the next 6 months, the company prepares to certify the facilities according to the sustainable building standard.
After taking over the management of part of Vilnius Gate, the Swedish investment company will have 101,000 m2 of rented office space available. The portfolio includes such business centers as “3 candles”, S7, “Worth”.
INVL Baltic Real Estate for 33 million. This year, Lords LB Baltic Green Fund (V) sold the IBC business center in Vilnius to the Eur Fund. The company has a portfolio of 6,800 square meters. m of leased area in the business center on Vilniaus street, as well as 2,900 m2. m Hike Business Center, and in Latvia manages the production, storage and office complex Dommo Business Park.
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