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COBALT advised Geneba Properties N.V. on the sale of its Baltic real estate portfolio

2016-03-31

COBALT advised the Dutch commercial real estate company Geneba Properties N.V. on the sale of its Baltic real estate portfolio to Laurus S.a.r.l, a joint venture of the clients of the Swiss investment company Partners Group and Northern Horizon Capital.

In this transaction, Geneba sold 42 properties in Latvia, Lithuania and Estonia, thus exiting the Baltic real estate market in order to focus on its core markets in Germany and the Netherlands. The most important properties within the sold portfolio were SEB bank buildings in the Baltic States, including the head office in Tornimäe, Tallinn.