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An announcement from Eastnine AB ( (SE:EAST) ) is now available.
Eastnine has extended and expanded its lease agreement with European second-hand fashion marketplace Vinted for the Uptown Park office property in Vilnius, securing a seven-year term until 2032 and increasing Vinted’s space by about 3,000 sq.m. to a total of approximately 12,600 sq.m., meaning the building will remain fully leased for an additional seven years. The deal underscores strong demand from tech tenants in the strategically located, sustainable-certified property and provides Eastnine with long-term income visibility and reinforced positioning as a provider of high-quality office environments in one of Europe’s fastest-growing regions.
The most recent analyst rating on (SE:EAST) stock is a Buy with a SEK58.00 price target. To see the full list of analyst forecasts on Eastnine AB stock, see the SE:EAST Stock Forecast page.
More about Eastnine AB
Eastnine AB is a Swedish real estate company listed on Nasdaq Stockholm’s Mid Cap segment in the Real Estate sector, focusing on providing modern office space in the fastest-growing parts of Europe, including properties such as the LEED Platinum-certified Uptown Park office building in Vilnius.
Average Trading Volume: 110,687
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK4.84B
Learn more about EAST stock on TipRanks’ Stock Analysis page.