UNION RE Core Fund I


Investments in commercial real estate in the Baltic countries

Investments in the acquisition and management of income-generating commercial real estate properties (with the possibility of investing in the reconstruction and capital repair of acquired properties to increase rental income), and the development of commercial real estate projects.

Currently, the fund is in the process of raising investments for the acquisition of new commercial real estate properties.

Why UNION RE Core Fund I?


The demand for high-quality commercial real estate in a growing economy ensures not only stable and regular income but also capital appreciation.

Risk Management

Investments are made in 4-6 commercial real estate properties, which vary in location (city, country), type (production, logistics, offices, shopping centers), lease terms, and tenant structure.

Inflation Protection

Stable rental income and indexing based on the relevant consumer price index (CPI) coefficient eliminate inflation risk, providing a constant cash flow from the investment.

Growing Market

Globalization processes and related factors have significantly boosted the commercial real estate acquisition market internationally over the past two decades, thereby stimulating the expansion of this market.

Attractive Returns

Investing in real estate properties offers the opportunity to earn a stable average annual return on investment.

Fund Parameters

Type and Form

Closed-end collective investment scheme for informed investors.


Investing in income-generating commercial real estate acquisition and management, and the development of commercial real estate projects.


Baltic countries.

Start Date

2021 01 25


5 years with the possibility of extension for 3 years (5+3).

Target Size

EUR 60 million.

Assets under management

Asset value:

EUR 49.33 million (Q3 2023)

Managed area:

37 600 m²

Occupancy rate


Number of tenants:


Krėvės st. 129, Kaunas

Kreves 129 (Festo)
  • Industrial building complex
  • Area: 17 748 m2
  • Occupancy: 100%

Taikos st. 64, Klaipėda

Taikos 64 (PC Arena)
  • Shopping, services and leisure center
  • Area: 15 096 m2
  • Occupancy 99%

Savanorių st. 163, Vilnius

Savanoriu 163 (Sostena)
  • Sostena Service Center
  • Area: 4 761 m2
  • Occupancy 100%
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