East Capital (Lux) SCA, SICAV-RAIF - East Capital Real Estate IV, a fund managed by East Capital Real Estate signed an agreement to acquire two office buildings in Vilnius from Baltic Horizon Fund (TLSE:NHCBHFFT) for ?37 million on May 17, 2023. The sales price of the assets is approximately ?37 million, which is close to the latest valuation The transaction will be closed in early June 2023. Both buildings are BREEAM New Construction certified and will be financed with a green loan from Swedbank.

As of June 9, 2023, closing of the transaction is expected to take place at the latest by June 12, 2023. Fort Legal acted as legal advisor to East Capital Real Estate. KPMG Baltics, UAB acted as accountant to East Capital Real Estate.

Projector PNM AB acted as due diligence advisor to East Capital Real Estate.