Baltic Equity Group has sold 4 companies with 17m EUR of assets to Baltic Sea Properties AS, the Norwegian listed real-estate investor.
The transaction includes Klaipeda Business Park - 24,000m2 of Industrial, commercial and office premises with 27 tenants in the free economic zone; Liepu Parkas - a 16,000m2 business park development project and UAB BNTP – a management company providing a full range of real-estate and construction services.
As part of the transaction, Baltic Equity Group becomes the largest shareholder of Baltic Sea Properties AS with James Andrew Clarke as Executive Chairman.
Baltic Sea Properties AS owns 130,000m2 of Industrial, logistics & commercial projects in Lithuania with a current expansion pipeline for a further 100,000m2 primarily focused on Industrial & logistics parks.
BNTP team are looking forward to joining the group and to manage the existing and new projects.