2012-06-13
Permission issued to approve the rules and full prospectus of LORDS LB BALTIC FUND III, an investment fund
The Supervision Service of the Bank of Lithuania gave permission to approve the rules and full prospectus of LORDS LB BALTIC FUND III, a closed type special real estate investment fund, to be formed by UAB „Lords LB Asset Management“, and allowed to conclude a service agreement with AB SEB bankas.
LORDS LB BALTIC FUND III is a closed type special real estate investment fund. The fund is only for professional investors seeking for a capital gain from investments into real estate objects over a long period and able to tolerate higher than long-term medium risk. The minimum invested amount is EUR 50,000, and restrictions are applied for the sale and redemption of the distributed investment fund units.
Presently, UAB „Lords LB Asset Management“ controls the following four real estate funds: Lords LB Baltic Fund I, Lords LB Opportunity Fund I, Lords LB Baltic Fund II, and Lords LB Opportunity Fund II.