Baltic Retail
Properties
Overview
  • Baltic Retail Properties is a licensed investment company that has been partnered with the leading US REIT W. P. Carey, Rakauskas family and Kesko Corporation and invests into retail real estate in Lithuania, Latvia and Estonia.
  • The anchor tenant for all properties is Kesko Senukai Lithuania, the leading DIY retail chain in the Baltics and part of the Nasdaq Nordic listed Kesko Corporation.
  • The portfolio is leveraged with a long-term bank loan and the cash flow is secured with a long-term master lease.
182000m2 Total Gla
175m Eur Total Assets
15years Average lease expiry
0.0% Vacancies in portfolio
12.3m Eur Net operating income
Senukai/Kesko anchor tenant

Kesko Senukai is a DIY retail leader in the Baltic and Belarus with 115 stories across the region. EUR 700 million annual sales and over 7000 employees. Its parent company, Kesko, is listed on the Nasdaq Helsinki stock exchange with 827 billion annual sales and 22000 employees.

Details of the whole portfolio
property Country City GLA, M2 Lease expirity
Kesko Senukai shopping center Lithuania Vilnius 21,587 10+ year lease contract
Kesko Senukai shopping center Lithuania Kaunas 29,739 10+ year lease contract
Kesko Senukai shopping center Lithuania Kaunas 6,092 10+ year lease contract
Kesko Senukai warehouse Lithuania Kaunas 21,374 10+ year lease contract
Kesko Senukai shopping center Lithuania Panevezys 7,980 10+ year lease contract
Kesko Senukai shopping center Lithuania Alytus 6,326 10+ year lease contract
Kesko Senukai shopping center Lithuania Mazeikiai 3,500 10+ year lease contract
Kesko Senukai shopping center Lithuania Utena 6,021 10+ year lease contract
Kesko Senukai shopping center Lithuania Telsiai 2,690 10+ year lease contract
Kesko Senukai shopping center Lithuania Ukmerge 6,488 10+ year lease contract
Kesko Senukai shopping center Lithuania Rokiskis 1,906 10+ year lease contract
Kesko Senukai shopping center Lithuania Prienai 1,951 10+ year lease contract
Kesko Senukai shopping center Latvia Riga 13,375 10+ year lease contract
Kesko Senukai shopping center Latvia Riga 12,584 10+ year lease contract
Kesko Senukai shopping center Latvia Riga 11,981 10+ year lease contract
Kesko Senukai shopping center Latvia Jelgava 7,041 10+ year lease contract
Kesko Senukai shopping center Estonia Tallinn 10,046 10+ year lease contract
Kesko Senukai shopping center Estonia Tartu 5,760 10+ year lease contract
Kesko Senukai shopping center Estonia Parnu 6,084 10+ year lease contract
Management

Baltic Retail Properties is a limited liability company with an investment company license, and is supervised by the Bank of Lithuania. The company is managed by Zabolis Partners, which holds a fund management license from the Bank of Lithuania. Zabolis Partners has over 15 years of experience in asset management and 300m EUR AUM. Baltic Retail Potperties is audited by KPMG.