Properties

Eastnine is to be a leading, long-term provider of modern and sustainable office premises in prime locations at selected markets in the Baltics and Poland.

 

Key figures (as at 30 September 2024)

15.00

Properties
212000.00
sq.m.

Lettable area
654.00
EURm

Total property value
94.40
%

Occupancy rate

Eastnine's property portfolio consists mainly of modern and sustainable office properties and a smaller proportion of land intended for future project opportunities. As at 30 September 2024, the total number of properties are fifteen, of which nine are located in Vilnius, Lithuania, four in Riga, Latvia and two in Poznan, Poland. The total property value amounted to EUR 654 million and the total lettable area to 211,652 sq.m. at the end of September 2024. The goal is that all area, excluding such area that are expected to be subject to extensive project development, should be certified with at least LEED Gold or BREEAM Excellent. 100 per cent of the property's area is sustainability certified with either LEED Gold or BREEAM Excellent.

Portfolio strategy

We utilize the upside in the Baltic property market, which offers investment opportunities in properties with strong cash flows, sustainable rent levels and low vacancies. We invest primarily in A-class locations in the Baltics and Poland providing low-risk exposure to stable tenants.