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

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.