Eastnine closes acquisition of Alojas Biznesa Centrs in Riga
- Purchase price EUR 29.6mEastnine AB (publ) today announces that it has completed the previously announced acquisition of Alojas Biznesa Centrs, an A class office property in Riga, from LNK Group for EUR 24.8m. The transaction also comprised the acquisition of two adjacent properties for EUR 4.8m. The total purchase price amounted to EUR 29.6m and corresponds to a yield of approximately 7%. The acquisition will add approximately EUR 2.4 million in annual rental income. Alojas Biznesa Centrs is an A class office property built in 2009 with a gross leasable area of 9,000 sqm, and is