Last update: 24.03.2023 05:50 (GMT+2)
Baltic Property Trust A/S Stock Exchange Release 30 December 2005
Real estate sale
Today, AB Baltic Property Trust, a subsidiary of Baltic Property Trust A/S,
has sold the administrative building located at Dominikonų g. 5, Vilnius.
Yesterday, Baltic Property Trust Estonia AS, a subsidiary of Baltic Property
Trust A/S, signed the preliminary sale and purchase agreement of real
estate located on Tina 9, Tallinn, Estonia.
Dominikonų g. 5 was acquired by Baltic Property Trust (BPT) in 2001 and
Tina 9 was acquired in 2003. Both properties have since been valued
investments. However, as part of a larger strategy to consolidate the BPT
portfolio the decision has been made to sell both buildings at a time when
market conditions are favorable.
Algirdas Jonas Vaitiekūnas, CFO
For additional information please contact Algirdas Jonas Vaitiekūnas, CFO
Phone +370 52 31 3638