The Jin office building and its sister building Jan at 7 Menulio Street in Vilnius were completed and inaugurated in 2008. The property is located in a rapidly growing part of the Lithuanian capital, at the intersection of the Karoliniske and Pilaite districts. The property is fully let.

The transaction marks the last sale of Baltic Property Fund's properties in Lithuania. Following the sale, the fund has eight properties in its portfolio, seven of which are located in Estonia. East Capital Real Estate has recently made several acquisitions in Lithuania, most recently a newly built office property from YIT, for the company's fourth and most recent fund.

"We are pleased to state that the attractiveness of the office property and its location has only increased over the years and that it has now become one of the most attractive business hubs in Vilnius. This was a really good sale for our investors and the transaction also confirms the interest in Vilnius and its real estate market among institutional investors," says Albin Rosengren, partner and head of East Capital Real Estate.

Advisors to East Capital Real Estate were Walless' law firm and Newsec transaction consulting.