LITHUANIA Duetto I and II change hands for EUR 37 mln
Investment & financeschedule 18 May 2023
Duetto I contains 8,500 sqm of office space
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Baltic Horizon Fund has agreed to sell for app. EUR 37 mln its entire stake in BH Duetto UAB, the vehicle that owns the Duetto I and II office buildings in Vilnius, to Luxembourg-registered fund ECRE IV.
The sale price of the assets is close to the most recent valuation, but the exact sum will be calculated on the expected closing date of June 12th 2023, subject to post-closing adjustments. The proceeds of the transaction will be used mainly to partially redeem BHF’s latest bond and invest in its centrally located assets.
We are continuing to implement the investment strategy of Baltic Horizon Fund. Taking into account economic cycles, financial markets and the opportunities provided by the
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