We are thrilled to see our course of success continue – we regard it as a result of the new strategy and our efforts during the last few years. The agreement with MyFitness is the largest since 2019 when Baltic Horizon Fund acquired Galerija Centrs. MyFitness is already operating in two BHF-owned properties in Tallinn – Pirita and Postimaja, so we value the trust our partners show by expanding the volume and geography of our cooperation. Our partnership in Galerija Centrs will continue for at least 14 years and marks the beginning of the transformation of the 5th and 6th floor of the shopping center where it will be situated, said Tarmo Karotam, Manager of Baltic Horizon Fund.
The new MyFitness Galerija Centrs will open by the end of the year. It will be equipped with the world’s leading manufacturer’s Technogym machines and will offer a variety of group activities, including a pilates studio with Pilates Reformer equipment.
Galerija Centrs, a unique historic building in the heart of Riga, had real estate company Newsec appointed as its property manager in February this year. According to Mr. Karotam, the latest deal proves this collaboration successful.
“Newsec is a trusted partner, and we are delighted to see the results of this collaboration in such a short time. At the same time, it is a good indicator that our strategy works – it provides great results even faster than expected,” he remarked.
Earlier this month, Baltic Horizon Fund announced another significant cooperation in Tallinn’s Coca-Cola Plaza: the largest entertainment company in the Baltics, Apollo Group, will operate in 2,200 sq. meters of space for ten years. Last month Meraki business home in Vilnius reached full occupancy after the record-setting 3,200 square meters partnership deal with international office furniture manufacturer NARBUTAS.
