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Yit sells to Baltic Horizon

Anna Pakulniewicz 19 December 2018

Anna Pakulniewicz

Journalist

+48 22 356 25 07
anna@eurobuildcee.com

Ania covers the Baltic states’ real estate markets, architecture and urban planning in Warsaw as well as interior design. She is also the co-founder of Eurobuild TV. Among others, she has been employed by TVN CNBC, PAP Insider, WBJ (The Observer), Poland Monthly and IMM. She graduated from the Warsaw School of Economics, majoring in international relations. She has also completed postgraduate studies in macroeconomic analysis. In addition to this, she studied Lithuanian philology

Yit sells to Baltic Horizon
The Duetto II property is on 6 Spaudos g. in Vilnius, next to the Duetto I building

LITHUANIA Baltic Horizon Fund has signed a sales and purchase agreement with Yit subsidiary Yit Kausta to acquire the Duetto II office building currently under construction on 6 Spaudos g. in Vilnius.

The purchase price is around EUR 18.3 mln, which corresponds to an entry yield of 7.1 pct. The transaction is expected to close by the beginning of March 2019, once construction has been completed and the tenants have moved in. The largest tenants in the property are the Vilnius heating company, Sweco and Rimi Lietuva.

“After the acquisition has been completed, Baltic Horizon Fund will own and manage an attractive office complex with some of the top tenants in Vilnius,” stated fund manager Tarmo Karotam, commenting on the deal.


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