Baltic Horizon Fund has sold 100 percent shares of BH Domus PRO UAB, which owns Domus Pro office building and retail park in Vilnius, Lithuania.
The agreed sales price of the property is about €23.5 million ($25.3 million).
“The fund got involved with financing this development project in the early stages in 2013 with additional expansions taking place in 2015 of more retail and in 2017 adding the office block,” commented Tarmo Karotam, fund manager. “It was a successful development project in the suburbs of Vilnius, which later turned into a great cash-flow generating investment. Over the years the property has been constantly occupied with an attractive tenant mix, which resulted in doubling the investors’ money that was initially invested.”
