East Capital Baltic Property Fund AB signs agreement to sell Nurmenuku shopping center

Nurmenuku

Nurmenuku shopping centre was the first investment in the Fund portfolio, acquired in October 2005. It has performed well throughout the whole investment period resulting in a total internal rate of return (IRR) of 23% during the 10 year holding period. The total return since acquisition is 542%. 

“The transaction is in line with the Fund´s target to divest properties, individual or as a portfolio, and we are pleased to achieve a selling price above the current valuation” says Chairman of the East Capital Baltic Property Fund board, Kestutis Sasnauskas.

Related articles

Major end-of-year transaction in 2021 on the Baltic real estate market – East Capital Real Estate has signed an agreement for the sale of three properties
East Capital Real Estate develops Estonia’s largest logistics and industry park in Rae municipality
Sustainable Investment Report 2024
East Capital Baltic Property Fund III adds prime property in Latvia by acquiring Galleria Riga shopping center
East Capital Real Estate acquires SEB’s head office in Estonia