Asset Management BPT has purchased its first real estate – Lincoln office complex in Tallinn. The complex is the seat of Swedbank IT group. It will become a first asset in a new, Baltic portfolio of the company.
Lincoln office complex is located on the main Pärnu road only 4 kilometres from the Old City in Tallinn. The complex includes four rentable locations, providing a total net space of 11,336 sqm. Three out of four buildings, making up for 75 percent of the overall space, are offices.
The bid is of huge importance to BPT. It's in accordance with our strategy of investing in high quality assets which give a stable income – comments the Director of Asset Management for BPT Group, Indrek Haal. The fund is currently in process of buying new projects in Baltic States and is preparing for yet another round of gaining founds, which will take the remaining part of 2011.
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