Sweden's Eastnine has acquired two office properties in the Baltics from Vastint, an Interogo Holding company, for €35.5 mln.
The properties include the Uniq business centre in Vilnius, Lithuania, and the Zala 1 office building in Riga, Latvia.
Kestutis Sasnauskas, CEO of Eastnine, said: 'We are pleased to be growing our portfolio with the acquisition of these two properties.
'Uniq and Zala 1 represent desirable, well-located, and high-quality offices that are very complementary to our existing footprint in both Vilnius and Riga.
'This transaction consolidates Eastnine’s position as the leading prime office landlord and investor in the Baltics, having assembled a portfolio exceeding 130,000 m2 in gross leasable area and €400 mln in value over the past four years.'
The 6,900 m2 Uniq office building is located at A. Goštauto St. 12A close to the old town of Vilnius and its central business district.
Built in 2016, the seven-storey class A business centre features modern architecture and is Leed Platinum certified. Its sole tenant is a Danske Bank IT service centre.
Kestutis Vedeckis, CEO of Vastint Lithuania, said: 'Uniq is in fact a unique project in Vastint Lithuania's portfolio.
'It is the first Leed Platinum project in the Baltic region, built on the site of a demolished inefficient building, notable for exceptional interior elements designed together with the tenant.
The development and sale of the Uniq business centre is a good example of the value-add potential lying within our portfolio, which we will continue to realise.'
The Zala 1 business centre, with GLA of over 3,600 m2, is a class A property located in the historical centre of Riga, Latvia.
The property, which had housed a tobacco factory since 1899, was reconstructed in 2009 into a modern five-storey office building with a two-storey underground car park. The property is Leed Platinum certified. The main tenants of the building are Microsoft, iVF Riga clinic, Arvato Systems, Sicor Biotech, and CBRE.
Romans Astahovs, CEO of Vastint Latvia, said: 'Zala 1 is unique, too, being a combination of heritage building and complex underground engineering - the car park is more than 6,000 m2 in size, two levels below the surface and 6 metres below the ground water level.
'The property is one of a kind in the historical centre of Riga, also known as the Embassy District. We look forward to building a good-neighbour relationship with Eastnine, as we remain the owners of the adjacent AC Hotel by Marriott Riga and continue developing the Magdelenas Kvartals on the other side of Antonijas Street.'
Newsec acted as sole advisor to Vastint in the Lithuanian property transaction, whereas Catella acted as lead advisor to Vastint in the Latvian property transaction.
The buyer was represented in the transaction by the law firms Walless Lithuania and Ellex Latvia, while the seller was advised on legal matters by the law firms Fort Latvia and Glimstedt Lithuania.
SEB in Lithuania and OP in Latvia financed the transaction.
