COBALT advised „Lords LB Baltic Fund I“ in sale of Metro Plaza office building in Tallinn to East Capital Baltic Property Fund II (“the Fund”), managed by East Capital.
With this purchase, East Capital’s total real estate assets under management increase to €284 million, 250,000 square metres and 500 lessees in all three Baltic countries.
East Capital Baltic Property Fund II was founded in 2012 and invests in commercial real estate in the Baltics. Today the Fund has investments in and around all three Baltic capitals, namely Tallinn, Riga and Vilnius. The Fund’s focus is on properties in prime locations with well-established tenants and sustainable rental terms.
“Lords LB Asset Management” is a premier provider of investment management services to institutional clients and high net worth individuals. Established in 2008, “Lords LB Asset Management” focuses on real estate and private equity investment strategies. The company currently manages five real estate and two private equity investment funds. COBALT advises the client in all major real estate transctions.