Buyers are ten of Swedbank's pension funds in Lithuania and Estonia.

"The sale is fully in line with Eastnine's plan to only own direct real estate. The deal allows us to acquire additional properties in our priority markets Vilnius, Riga and Tallinn", says Kestutis Sasnauskas, CEO of Eastnine.

The return on Eastnine's investment in the fund amounts to approximately 11 percent per year during the holding period.