WALLESS Weekly Review
Please note that the review is in Lithuanian.
WALLESS team led by Associate Partner Akvilė Mackay advised closed-end real estate investment fund for informed investors “Lords LB Baltic Green Fund (V)” on the acquisition of the IBC Business Centre in Vilnius from “INVL Baltic Real Estate.” The IBC Business Centre has a gross floor area of 22,700 sq. m. and a leasable area of 17,600 sq. m. Its occupancy level at the end of the third quarter of 2019 was 98 percent.
“Lords LB Baltic Green Fund (V)” invests in environmentally sustainable properties and the properties which can be improved by either enhancing the property physically, increasing its operational efficiency or repositioning the asset as a whole.