Estonia, Good for Business, Latvia, Real Estate

The total purchase price for the property under the agreement is approx. EUR 17 mln, which corresponds to an entry yield of approx. 6,5%. The asset is fully leased to five tenants, of which Exigen Services and LNK Group occupy approx. 90% of the leasable area. As part of the transaction LNK Group has extended its lease agreement in the property for 10 years.

Fund manager Tarmo Karotam: „Baltic Horizon Fund is mainly focusing on value adding expansion activities within its portfolio, however, we also remain on the lookout for well- priced attractive cash flow objects, which form the backbone of the fund. In today’s real estate market with increased rents and record high square meter prices we are very comfortable to acquire LNK Centre in well-known Skanste business district with its strong tenants and competitive rental levels.