Last update: 22.11.2024 01:51 (GMT+2)

BPR: Real estate sale

30.12.2005, Baltic Property Trust A/S, VLN
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


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