The entire team at Europa Shopping Center along with architects, contractors, and the brands located there, transformed Europa into a modern space that meets the needs of residents and visitors of the central business district in Vilnius. We are proud of the recognition from experts and professionals in our field. Our bold and innovative strategy has been well received by both visitors to the shopping center and the brands located here. We have witnessed significant positive results even before the experts’ evaluation: visitor numbers in the shopping center increased by 33 percent in the first quarter of this year, and the total turnover of our businesses grew by 42 percent compared to the first quarter of 2022. As we continue to implement our new development strategy in Europa Shopping Center, we will offer visitors not only new sustainability-oriented shopping areas but also exceptional leisure, dining, health, and beauty services, says Tarmo Karotam, the manager of Baltic Horizon Fund.
Europa Shopping Center is owned by Baltic Horizon Fund, a real estate fund. As of Q1 2023, the Fund‘s portfolio consists of 14 real estate assets in the capitals of the Baltic States. The total value of the managed portfolio exceeds 321 million EUR.
Besides Europa Shopping Center, the fund also owns Meraki Office Home and the North Star office complex in Vilnius, Lithuania,. Since November 2022, the real estate consultancy leader Newsec has been the property manager of the Europa Shopping Center.