Newsec and SEB Enskilda have been appointed as advisors for the sale process of the real estate fund's BPT Secura A/S properties in the Baltic region. The agreement was signed at MIPIM in Cannes last week.
The targeted marketing of the property portfolio will start in the first half of 2012 and the process is expected to be finalized over the next year. It is expected to attract interest from the majority of regional and global property investors.
The fund consists of 10 retail, office and logistics properties, making approx. 100,000 m² and situated in prime locations in Lithuania, Latvia and Estonia. The fund's gross property value is 126 million.