Sale of fund holdings increases Eastnine's growth opportunities
Eastnine receives at least book value of EUR 24.4 million in connection with East Capital's sale of all properties included in East Capital Baltic Property Fund II. Eastnine's capital will be invested in directly owned properties.At the end of September 2021, Eastnine owned 42 percent of East Capital Baltic Property Fund II (the fund) to a value of EUR 24.4 million. Eastnine's fund holding is unleveraged. Until December 2021, the fund contained four properties in Tallinn. One property, focused on shops and entertainment, was sold at the end of December, with Eastnine receiving EUR 5.3