BPT Secura becomes the new owner of the Valdemara centrs office building
24 October 2005
Related to
BPT Secura
Today the Baltic Property Trust Secura
(BPT Secura), one of the investment funds managed by the Baltic
Property Trust Asset Management has acquired the Valdemaras A class
office building, located at Valdemara street 21, Riga, Latvia.
This is the second considerable real estate acquisition of the
investment funds managed by BPT Asset Management in Latvia lately.
On October 5, 2005, BPT Optima concluded the purchase deal of the
Olympia shopping centre thus considerably strengthening the role of
the BPT group of companies in the area of investment in and
management of the corporate real estate in the Baltic States.
Besides the recently acquired properties, in the BPT Asset
Management property portfolio in Riga there is the office building
at Kalku 15, the shopping centre Juglas centrs, the Rimi
hypermarket building at Valdemara 112, as well as the Rimi
supermarket building at Deglava 110.
Andris Kraujins, Board member of BPT Asset Management considers
the acquisition of the Valdemara centrs a successful investment
since the office building is of very high construction quality,
located excellently and appropriately to its business purpose, as
well as highly appreciated by respectable tenants. BPT Asset
Management is certain that the successful lease of the prestigious
office building continue successfully.
BPT is one of the most significant real estate investors in the
Baltic States and its vision is to become the partner of first
choice for real estate investors and tenants, as well as the
leading provider of new, innovative and attractive real estate
products in the region. BPT Asset Management manages four property
funds investing in the Baltic region with a total investment
framework of more than EUR 820 million. BPT manages more than 200
000 m2 of prime commercial property in the Baltic States.
For more information please contact:
Andris Kraujins, Country Director of BPT Asset
Management
Telephone +371 7357392
