The acquired portfolio includes seven well-known office and retail properties in Tallinn, Riga, Vilnius, Kaunas, and Klaipeda totaling approximately 112,000 sq m of lettable space, as well as the large Young City urban regeneration site on the Gdansk waterfront including the historical former shipyards. The transaction marks the largest real estate investment into the Baltics in the post-crisis period. Northern Horizon and its property management arm will manage the portfolio. “The acquired portfolio combines high-quality, cash flow-generating assets with
significant further value enhancement potential and we look forward to working together with Northern Horizon to extract that value. This acquisition follows our investment strategy of buying the tail of maturing, quality real estate portfolios in markets with strong fundamentals,” says Fabian Neuenschwander, private real estate professional at Partners Group.