We advised closed-end real estate investment fund Lords LB Baltic Fund III, managed by Lords LB Asset Management, on the sale of a shopping centre in Klaipėda
BFIII Klaipėda, the company which owns the shopping centre, has been acquired by Union RE Core Fund I for an undisclosed amount.
The shopping centre, which has a total area of 17,000 m², is fully leased. The main tenants are the retail chains Rimi, Topo Centras and Jysk.
This was the last object in the fund’s portfolio.