EfTEN United Property Fund acquired the Jin&Jan class B business centre in Vilnius from the fund managed by institutional asset management group East Capital Real Estate. The deal size is confidential.
The Jin&Jan office building at Mėnulio Street 7 in Vilnius opened its doors in 2008. The business centre is in a rapidly developing part of the Lithuanian capital, at the intersection of the Karoliniškės and Pilaitė districts and near the city’s Western bypass, where office clusters are forming and drawing increasing interest from tenants. The facility’s 3,700 sqm of space is fully occupied.
ETEN acquisition was advised by Fort Legal law firm, the transaction was financed by SEB bank. East Capital Real Estate was advised by Walless legal firm.
EfTEN United Property Fund invests in commercial and residential real estate in the Baltics. The fund’s investments are diversified over 27 different properties. More than 4,700 investors have invested in the fund.