2013-04-05 11:31

East Capital paid 21 million euros for Vilnius’ Gedimino 9 mall

Sweden’s investment company East Capital has paid 21 million euros (LTL 72.51m) to Ektornet, a property company controlled by Sweden’s financial group Swedbank, for Gedimino 9, a high-street shopping mall in the center of Vilnius.
Prekybos centras „Gedimino 9“
Gedimino 9 shopping mall / Šarūno Mažeikos/BFL nuotr.

East Capital specified this amount in its 2012 report, which also said that borrowed funds made up 63 percent of the sum, or 13.3 million euros.

East Capital Baltic Property II, a fund controlled by East Capital, acquired the nearly 17,000-square-meter shopping center in November 2012. The analysts then guessed that East Capital could  have paid around 80-86 million litas for the mall.

Gedimino 9 opened in April 2007.

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