ECEX to acquire office property Vertas in Vilnius
- purchase price EUR 29m East Capital Explorer AB (publ) (“ECEX”) today announced that it has signed an agreement to acquire Vertas, an A class office building in central Vilnius, from Laurus, a joint venture between Partners Group and Northern Horizon Capital. The purchase price is EUR 29m, corresponding to a yield of approximately 6.5%. The transaction is expected to close during the summer.The 15-floor office property Vertas was built in 2007 with a gross leasable area of 9,400 sqm. Since then, Vertas has been one of the premier business centers in Vilnius. It is currently fully