Today ABG Sundal Collier sponsored research initiates coverage of Eastnine. Read the full report here!
Eastnine is a Swedish long-term real estate manager of modern, sustainable and geographically concentrated office premises at prime locations in the Baltic capitals. ~85% of the property value is located in Vilnius, where it is the largest prime office owner. The remaining ~15% is in Riga, including a smaller development portfolio with expansion potential. 22% of its holdings comprises other investments, including 17% in a retail chain and 5% in a real estate fund. The Baltics are growing faster than the Nordics and the office market is picking up speed, with an increasing inflow of international companies. The region is also technically advanced and has an attractive tax regime.