About us

Summus Capital OÜ is a real estate investment holding group established in 2013 with investments in commercial real estate in all 3 Baltic countries. Direct real estate investments are made through SPVs of the respective country of location. Well diversified commercial real estate portfolio includes properties in retail, office, logistics and medical segments.

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EXECUTIVE SUMMARY

As of 2Q 2021, Summus Capital portfolio consists of 11 projects in Estonia, Latvia and Lithuania with total net leasable area of 184 thousand m2 and above 300 tenants, portfolio WAULT is 5.5 years and LTV is ca 55%. Portfolio size exceeds 300 MEUR and has ambitious portfolio expansion pipeline. In September 2021, Summus Capital received a first time corporate rating from the rating agency Scope Ratings GmbH of BB (stable).

Investment strategy is based on cash flow generating commercial real estate with long term focus. Class A office buildings, shopping centers & big-box stores, class A warehouse and industrial properties are selected. Summus Capital sees future in sustainable buildings and value add investments. Property requirements are that share of any sector should not significantly exceed 50% of the portfolio, share of anchors in the portfolio’s cash flow is at least 50% and minimum investment size is 10 MEUR.

INVESTMENT STRUCTURE
HOLDING COMPANY
COUNTRY HOLDING
SPV
MANAGEMENT STRUCTURE
BOARD
MANAGEMENT BOARD
ASSET MANAGEMENT
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KEY FINANCIALS
Focus
Commercial real estate in the Baltics
Market segment
Retail, office, logistic, medical
Number of properties
11
Market value
333 MEUR
Invested capital
95 MEUR
NLA
184 414 m2
NOI
15.9 MEUR
Portfolio yield
6.8 %
WAULT
5.5 years
Occupancy rate
96,2 %

* Data as of 30.06.21. Data is based on 100% properties ownership. NOI and portfolio yield are 12-month rolling.

SUSTAINABILITY

Summus Capital believes that for investors, tenants and employees, the best way to increase assets value is to manage business in a sustainable way. We should not only focus on acquisitions of “green assets”, but our essential mission is to turn existing un-efficient buildings into modern, prime and flagship assets, what in result will decrease significantly ecological footprint.

At least 50% of the portfolio shall be with BREAAM or LEED certification in 2021/2022:

  • Park Town West hill, Park Town East hill and Veerenni 2 (17% of portfolio) were BREEAM Excellent or LEED Gold certified during construction;
  • Ongoing certification process in Nordika, BOD, Veerenni 1 (34% of the portfolio);
  • Ongoing building management system (BMS) and automatization upgrades;
  • Energy, water heating and cooling consumption reduction solutions in multiple properties;
  • Green electricity usage to be increased from 30% to 50%.

At least 75% of the portfolio shall be with BREAAM or LEED certification in 2025 and at least 90% of the portfolio shall be with BREAAM or LEED certification in 2030.

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