Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
LEI code
5299008IKT93E4SA0G49
Size of the entity
Small undertaking
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
7028
Submission date and time
19.12.2018 09:30:00
Content of announcement in Estonian
Title
Baltic Horizon Fond omandab Duetto II büroohoone Vilniuses, Leedus
Message
Baltic Horizon Fond allkirjastas 18. detsembril 2018 ostu-müügilepingu UAB-ga YIT Kausta, mis kuulub Soome YIT Corporation gruppi, vastvalminud Duetto II büroohoone omandamiseks. Lepingujärgne ostuhind on ligikaudu 18,3 miljonit eurot, mis teeb omandamise ligikaudseks tootluseks 7,1%. Tehingu lõpuleviimine toimub eelduslikult 2019. aasta märtsi alguses, mil ehitustööd on lõpetatud ning üürnikud sisse kolinud. Suurimad üürnikud on Vilniuse küttevõrgu ettevõte, Sweco ja Rimi Leedu. Duetto II asub Vilniuses, Spaudos 6, Baltic Horizon Fondile kuuluva Duetto I kõrval. "Pärast tehingu lõpuleviimist omab ja valitseb Baltic Horizon Fond mõningaid Vilniuse parimaid üürnikke koondavat atraktiivset bürookompleksi," kommenteeris fondijuht Tarmo Karotam. Lisainformatsiooni saamiseks palume ühendust võtta: Tarmo Karotam Baltic Horizon Fond, fondijuht E-mail [email protected] (mailto:[email protected]) www.baltichorizon.com (http://www.baltichorizon.com) Baltic Horizon Fond on registreeritud lepinguline avalik kinnine kinnisvarafond, mida valitseb alternatiivfondivalitseja Northern Horizon Capital AS.
Content of announcement in English
Title
Baltic Horizon Fund to acquire Duetto II office building in Vilnius, Lithuania
Message
Baltic Horizon Fund signed a sales and purchase agreement with UAB YIT Kausta, part of the Finnish YIT Corporation, to acquire the newly constructed Duetto II office building in Vilnius, Lithuania on 18 December 2018. The purchase price is approximately EUR 18,3 million, which corresponds to an entry yield of approximately 7.1%. The transaction is expected to close by the beginning of March 2019, once construction is complete and tenants move in. The largest tenants in the property are Vilnius heating network company, Sweco and Rimi Lietuva. The Duetto II property is located on 6 Spaudos street, Vilnius, next to the Duetto I property owned by Baltic Horizon Fund. "After acquisition is completed, Baltic Horizon Fund will own and manage an attractive office complex with some of the top tenants in Vilnius," commented fund manager Tarmo Karotam. For additional information, please contact: Tarmo Karotam Baltic Horizon Fund manager E-mail [email protected] (https://www.globenewswire.com/Tracker?data=nC8fjPUuoCTyr7g2Mu9QLlQNcg3MEtOtVdRg R6czfcg3KdYOhyJhWmPflMEs1k6mBp_54mokgj7yysIuecGsBSsqrySVARvTFZxD-AbvHQPNcww- 9I0TJ- sJ4q0AoyrQv2UrP2VSF_V4Ir9qDk4WgN5Cwgg3GjuuWqfPJ4XCJhjreCDEIEbqWcjdGnEj9HupeeVDOq wr8-9_uYRIKYv88MWiJhfplNpGpcqZ4q7zzelxmL7p- O6hDVQMqZOUKJsO5abtlZNw7xrzzDjQqJmr3g==) www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=gcbOCWq2np2_ZnsME6FvGJjXiQKg0jIzw6YK miA0y8LG9LC2FtgnyyMl1OYbV9k0MTOrSQRb5NjIfd4kN6YdaRtPY0r4TN76ki9se021cFLKzAgtX4Zu 5m1Mh_8_-dzzsGSSqx_BJILXIFOB4zsRl7PTVu25vOFOUlIMh-tEr_Pr4zNtX0OKuWI9Z4mb9fxR- MdC-xhHNH8z3hVdn5thJhZx7DQzaEU0ITWmkEcR93n4gVuE2w5LVz- LaXHd9JYPTtYhiyGId29_Lro_A7dmwA==) Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.