TGS Baltic has advised BaltCap on the sale of a 95% stake in BPT Real Estate to Newsec. Cobalt reportedly advised Newsec.
BaltCap is a private equity investor in the Baltic region. BPT Real Estate is a Baltic property management company.
Newsec is a full-service property house offering property asset management and advisory across Northern Europe.
According to TGS Baltic, "after the transaction, Newsec will manage more than 84 commercial real estate properties in the Baltic countries. Moreover, they will become the biggest independent real estate management company in the Baltics."
TGS Baltic’s team included Partners Marius Matonis and Kadri Kallas and Associates Paulius Dabulskis, Mirko Kikkamagi, and Maris Vutt.
Editor's Note: After this article was published, Cobalt confirmed it had advised Newsec on the acquisition. The firm's team included Partner Elijus Burgis, Managing Associate Deimante Pagiriene, and Associate Augustinas Petkevicius.
