Northern Horizon Capital AS signed a binding preliminary sales purchase agreement to acquire Duetto I office property in Vilnius, Lithuania. The seller is YIT Kausta bustas, part of Finnish YIT Corporation. The Fund and YIT Kausta bustas have the obligation to enter into the sales purchase agreement by 31 March 2017 when the construction is fully completed. Ownership of the building will transfer to the Fund after the notarized sale-purchase agreement is concluded. The purchase price under the agreement is EUR 14.6 million resulting in a 7.22% entry yield. The seller also provides a 2 year guarantee for starting net operating income. The property is located in the second high-rise office area of Vilnius, next to the newly completed western ring road. The building has 10 floors and underground parking space. Net leasable area of the Duetto I office building is 8,325 m2. The property is of A class energy efficiency and will have BREAAM certification. The property is anchored by Lindorff and Pernod Ricard as anchor tenants.