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Newsec, SEB Corporate Finance and Summa Advisers sell 4 assets on behalf of BPT Secura Fund in Vilnius, Riga and Tallinn

Newsec, SEB Corporate Finance and Summa Advisers sell 4 assets on behalf of BPT Secura Fund in Vilnius, Riga and Tallinn

The sale is part of the divestment process of BPT Secura A/S and the latest transaction means that half of the Portfolio is disposed.

The Portfolio bought by Capital Mill includes 1 property in Vilnius 22,000 sqm in Zariju logistics centre, 1 property in Riga 12,000 sqm in Valdemara office centre and 2 properties in Tallinn 9,200 sqm in Ravala 5 office centre and 6,500 sqm in Logistika centre.

“The sales process of BPT Secura Portfolio attracts solid attention from both existing and new international investors. We’ve learned that structured sales process as well as professional seller, such as BPT, ensures much higher investor interest, allowing luxury to choose the most efficient decision. BPT decided to split the Portfolio into several parts and we are happy to conclude transactions with different buyers, in this way denying the fact that Baltic markets are illiquid”, says Neringa Rastenyte, Head of Transactions at Newsec Baltics.

“This is the sign that investors rediscover Baltics again indicating good prospects to get into radar of major regional and international players going forward”, says Arturas Geguzis, Partner at Summa Advisers.

BPT Secura is managed by BPT Asset Management A/S. The fund originally consisted of 11 retail, office and logistics properties across Lithuania, Latvia and Estonia, totalling approx. 100,000 sqm of prime property. Currently 6 properties are already sold, another 5 are expected to be disposed throughout 2013.

For more information please contact:

Ms. Neringa Rastenyte, Head of Transactions at Newsec Baltics

Tel.: +370 686 17468

Mr. Arturas Geguzis, Partner at Summa Advisers

Tel.: +370 686 63441

Mr. Algis Vaitiekunas, Fund Manager of BPT Secura A/S

Tel: +370 687 77708

Mr. Marko Kull, Capital Mill, Partner

Tel: +372 524 5665

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