Eastnine closes acquisition of office property Vertas in Vilnius
Eastnine AB (formerly East Capital Explorer) today announced that it has completed the previously announced acquisition of Vertas. The purchase price is EUR 29m and is paid in cash by Eastnine. The property will later be refinanced. The purchase price corresponds to a yield of approximately 6.5%.The acquisition comprises the 15-floor office property Vertas, built in 2007 with a gross leasable area of 9,400 sqm and located next to the parliament. The building is a premier business center that is currently fully occupied by strong tenants including Citco, Delfi, ESFA and Handelsbanken, among