East Capital Real Estate

What East Capital Real Estate does

East Capital Real Estate (ECRE) is a Tallinn-headquartered institutional real estate manager founded in 2005 and operating as a wholly-owned subsidiary of Sweden's East Capital Group. The firm manages three Baltic commercial real estate funds plus one investment mandate, with a portfolio of 23 properties containing 35 buildings, approximately 500,000 square meters of lettable area, and around 340 tenants valued at roughly EUR 569-610 million. Exposure spans logistics, office, retail, and hospitality segments across Estonia, Latvia, and Lithuania, with investment team presence in Stockholm, Tallinn, Riga, and Vilnius.

The platform is built around proprietary investment processes rather than technology products. Its core differentiation is a proprietary ESG Scorecard system covering 22 environmental, 14 social, and 6 governance indicators with a Red Flag risk module, applied both at acquisition and annually for ongoing portfolio monitoring. Asset and property management is delivered by a 12-person specialist team under a fully integrated sourcing-to-fund-management structure, with BREEAM-certified assets (including multiple "Very Good" and "Excellent" ratings and a BREEAM New Construction rating at Zalgirio 112) and the first LEED Platinum-targeted logistics park in the Baltics under construction at Park Rae.

Revenue is generated through management fees and performance-linked distributions on institutional capital, supplemented by pre-tax dividend yields of 4-6% to investors in flagship vintages such as the Baltic Property Fund and Real Estate IV. Distribution is exclusively direct to qualified investors via Luxembourg RAIF or Swedish limited company fund vehicles, with no retail or public offering channels. A new fund (East Capital Real Estate Fund V) entered pre-marketing in late 2025 targeting EUR 400 million, signaling the next stage of AUM growth alongside the Park Rae development pipeline and a pan-European logistics partnership with VGP announced in March 2026.

Name

East Capital Real Estate

Legal name

East Capital Real Estate AS

Website

https://eastcapitalrealestate.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

East Capital Real Estate is an Estonia-headquartered institutional real estate manager, founded in 2005 and part of East Capital Group, that runs Baltic-focused commercial property funds for professional investors across logistics, office, retail, and hospitality segments in the Baltics.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Agents & Managers (For Others) (6531), Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industry

Real Estate Capital Markets Brokerage (Debt & Equity Placement) (FSAEAJAK)

Keywords

• Commercial real estate investment
• Real estate fund management
• Institutional real estate
• ESG real estate investing
• Baltic commercial property

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Fund Management Fees: Management fees charged on assets under management across three real estate funds and one investment mandate. The funds target institutional and professional investors.
2. Performance/Dividend Distribution: Delivery of pre-tax dividend yields to investors (e.g., 4-6% for Baltic Property Fund and Real Estate IV). Returns generated from commercial property investments in logistics, office, retail, and hospitality segments.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

East Capital Real Estate manages commercial real estate investment funds targeting institutional and professional investors. The firm invests in logistics, office, retail and hospitality properties across the Baltics and Central Europe through multiple closed-end and open-ended fund vehicles. It provides integrated asset sourcing, property management, fund management, and sustainability/ESG analysis across a portfolio of 23 properties and 35 buildings.

Product overview

East Capital Real Estate is a leading real estate manager operating a platform of four closed/end/open-end funds plus a new fund in pre-marketing. The core funds include Baltic Property Fund, Baltic Property Fund II, Baltic Property Fund III, and East Capital Real Estate IV, which collectively manage 23 properties with 35 buildings across approximately 456,000-500,000 sqm of lettable area. The firm also runs a Developments arm managing new construction projects like Park Rae. All funds focus on commercial real estate in logistics, office, retail and hospitality segments across the Baltics and Central Europe, targeting 4-6% pre-tax dividend yields for institutional investors.

Differentiator

Problem solved

Functional benefit

Products and services

• East Capital Baltic Property Fund Real estate fund invested in mid-size commercial real estate properties across all segments in capital and secondary cities in the Baltics. Targets institutional and professional investors only.
• East Capital Baltic Property Fund II Fund targeting cash-flow generating commercial properties in Baltic capital cities with value growth potential, focusing on yield-based returns. Directed at institutions and professional investors.
• East Capital Baltic Property Fund III Fund investing in cash-flow generating commercial properties with value growth potential in Baltic countries, focusing primarily on yield-based returns. Directed at institutional and professional investors.
• East Capital Real Estate IV Open-ended Luxembourg RAIF-structured fund targeting high-quality commercial properties in attractive locations in capital cities in office and logistics segments. Directed at institutional and professional investors.
• East Capital Real Estate Developments Development arm managing new construction projects including Park Rae, one of the largest logistics and light industrial parks in the Baltics with 130,000 square metres planned area.

Quantifiable outcome

• EUR 1 billion+ total investment across Baltics over 20 years
• +4 more outcomes

Named customers14 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• VGPcoreStrategic or Co-development Partner · 24 March 2026East Capital Group partnered with VGP on pan-European logistics investment. This partnership represents a significant strategic expansion of logistics investment capabilities across Europe, combining East Capital's real estate expertise with VGP's logistics development platform.
• Nordecon AScoreImplementation/ SI/ Consulting Partner · 2 February 2026Construction contractor for Park Rae development - Estonia's largest logistics park. Contract value of EUR 15.8 million for first building covering 32,000 m² logistics/light industry space with approximately 1,200 m² office space. Project targeting LEED Platinum certification.
• DAGOpencoreStrategic or Co-development PartnerArchitectural firm that won the 2024 architectural competition for Park Rae logistics park with their 'EASTWOOD' submission. The innovative competition was a first for the logistics sector.
• ProjektibüroominorImplementation/ SI/ Consulting PartnerGeneral design partner for Park Rae logistics park development.
• Inseneribüroo TeloraminorImplementation/ SI/ Consulting PartnerOwner supervision services for Park Rae development project.

Scale indicators12 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Newsec: Leading Nordic real estate advisor and asset manager with Baltic operations; comparable institutional real estate advisory and property management capabilities to ECRE.
• Union Investment Real Estate: Large German open-ended real estate fund manager active across European logistics, office and retail; a comparable institutional fund manager competing for the same pan-European LP allocations.
• Deka Immobilien: Major European open-ended real estate fund manager with pan-European logistics, office and retail vehicles; comparable as a competitor for European institutional capital and as a peer in commercial property fund management.
• CBRE Baltics: Global real estate services heavyweight with Baltic offices providing investment sales, advisory and asset management; competes for institutional mandates in the same logistics/office/retail segments.
• Colliers International Baltics: Global commercial real estate services firm with Baltic offices providing investment advisory, brokerage and asset management; competes for institutional mandates and transactional deals in the same geography.
• Schroders Capital Real Estate: Global asset manager's real estate arm running European core/value-add/logistics strategies; comparable as an institutional fund manager targeting similar European commercial property themes.

Direct peers

• EfTEN Real Estate Fund: Estonia-based listed real estate fund with a Baltics-focused portfolio of commercial properties; directly comparable in geography, asset classes (logistics, office, retail) and institutional investor model.
• Capitalica Asset Management: Lithuanian real estate investment manager operating Baltic-focused commercial property funds; overlaps with ECRE on geography, asset mix and institutional LP targeting.
• Northern Horizon Capital (Baltic Horizon Fund): Manager of Baltic Horizon Fund, a listed Baltic-focused closed-end real estate fund investing in commercial properties across the Baltics with similar logistics/office/retail exposure and institutional LP base as ECRE.

Regional players

• Lords LB Asset Management: Baltic asset manager with real estate fund vehicles and direct property investments; comparable as a regional competitor for institutional capital and Baltic commercial real estate deals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/east-capital-real-estate

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about East Capital Real Estate