BPT Real Estate signed a property management agreement for a Baltics and Poland real estate portfolio with a size of EUR 163 million
The portfolio includes seven well-known office and retail properties in Tallinn, Riga, Vilnius, Kaunas and Klaipeda, totalling approx. 112,000 sqm of lettable space, as well as the large Young City urban regeneration site on the Gdansk waterfront, including the historical former shipyards.
The portfolio is owned by Partners Group with its operating partner Northern Horizon Capital and the acquired portfolio combines high-quality cash flow generating assets with significant further value enhancement potential.
BPT has been chosen as a service partner in order to manage the daily activities, tenant relationships and cash-flow improvements in the properties and for performing accounting services. Together with the owners of the portfolio BPT will start active management in order to increase the value of the portfolio.