YIT and Baltic Horizon Fund have agreed on the sale of Duetto II office building located in Vilnius, Lithuania. The value of the deal is approximately EUR 18 million. The building was taken into use December 2018.
Through a new development project Baltic Horizon will integrate two previously purchased buildings in Tallinn.
We head towards Christmas, which for many equals more time for reflection. We have an opportunity to ground ourselves and not rarely we come up with new perspectives.
Baltic Horizon, a recently listed closed-end real estate fund is planning a follow-on public offering in Estonia and Sweden with possible offering also in Finland and Denmark, thus targeting a very wide regional investor base. The fund targets raising up to EUR 80M for its existing acquisition pipeline.