Newsec acquires major Baltic property manager BPT Real Estate

Newsec has acquired BPT Real Estate, one of the largest property management companies in the Baltics, from private equity fund manager Baltcap.

BPT Real Estate owns property management companies operating under that same name in Lithuania, Latvia and Estonia, as well as a controlling stake in Projector, a provider of construction management and supervision services in the Baltic countries. Following this transaction, Newsec will be the largest independent real estate management company in the region.

According to Ugnius Meidus, the CEO of Newsec in the Baltics, this is a strategic step by the Newsec group to strengthen its presence in all three Baltic markets and significantly bolster its position as a regional property manager and construction management expert.

“After this deal, Newsec will have more than 84 commercial real estate properties under management in the Baltic countries with a total area of 880,000 square meters [9.5 million square feet], and a