Lords LB acquired IBC office campus in Vilnius from INVL Baltic RE for EUR 33 mln. Other notable transactions were Dominante Park in Riga (1st phase, acquired by Eften fund, EUR 16.5 mln) and Valge Maja office in Tallinn acquired by LHV fund for EUR 14.6 mln.
The pace of activities’ in the Baltics’ investment market has decreased compared to the same period a year ago (EUR 172 mln in Q1 2020 vs EUR 292 mln in Q1 2019).
The office transactions dominated the market and constituted a major share ca. 55% of total volume, while retail and industrial were recorded at 19% and 17%, respectively.
Investors were active in acquiring supermarkets in Latvia, totalling ca. EUR 19 mln in 3 retail assets.