Transaction completed – Acquisition of retail space

As previously communicated in message published on the 29.11.2019, the company signed a letter of intent this fall, for the acquisition of a retail space (3.200 sqm) in Silute, south of the harbour town of Klaipeda, Lithuania. The transaction has now been completed at a price of MEUR 3,25 (yield 8,2 %). The property is leased to Maxima on a bare house contract, with a remaining lease period of 13 years according to this contract.

Maxima is the Baltics’ largest grocery chain, and BSP’s board of directors is very pleased with strengthening the portfolio with another property leased to one of the best tenants of the region.

For more information please contact:
CEO Lars Christian Berger,
tlf. 930 94 319,
Lcb@Balticsea.no
www.balticsea.no

Baltic Sea Properties AS is a Norwegian real estate company focusing on developing and managing real estate in the Baltics. The company is one of Lithuania’s leading real estate developers which owns, develop and manages real estate within retail, logistics and industrial sectors. The portfolio currently consists of approx. 100,000 square meters of commercial property.