WALLESS assisted investment fund Baltic Horizon Fund in acquisition of office building Duetto II

Our team led by Senior Associate Akvilė Mackay have advised Baltic Horizon Fund on acquisition of the newly constructed Duetto II office building in Vilnius, Lithuania from UAB YIT Lietuva, part of the Finnish YIT Corporation. Back in 2017 WALLESS experts have assisted Baltic Horizon Fund with their first investment into business house “Duetto” – purchase of the Duetto I office building which is located next to newly acquired Duetto II.

The transaction was closed on 27 February 2019 as anticipated, after completion of construction and occupation of the premises by the tenants. The largest tenants in the property are Vilnius heating network company, Sweco and Rimi Lietuva.