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

East Capital Real Estate completed the sale of two properties from the East Capital Baltic Property Fund portfolio
We are looking for a Technical Construction Director for Park Rae
East Capital Real Estate acquires Rimi Baltic Distribution Center – the largest Real Estate transaction in the Baltics for a logistics facility during 2023
East Capital Real Estate develops Estonia’s largest logistics and industry park in Rae municipality
Two acquisitions in two weeks! East Capital Real Estate Fund IV acquires StokOfiss U30 in Riga, Latvia