Office demand and vacancy risk
Rental income depends on tenant demand, lease renewals and occupancy in each market.
- Scope
- Premium office properties in Warsaw, Poznan, Vilnius and Riga
- Materiality
- high
Eastnine
Eastnine is a Swedish real estate company focused on premium office properties in selected cities in Poland, Lithuania and Latvia. Its portfolio is centered on modern, sustainable office buildings leased to corporate tenants, with property ownership and active asset management carried out through local operations in its markets.
27
2.05
1.84
| % | |
|---|---|
| Office property ownership | 70% Direct ownership of office buildings held for rental income and value creation. |
| Leasing and tenant services | 20% Long-term office leases, tenant fit-out support and property-related services. |
| Property development and reconstruction | 5% Selective development and refurbishment of office assets when supported by leasing. |
| Sustainability and building operations | 5% Energy, certification, green lease and ESG-related property management activities. |
Eastnine’s customers are corporate tenants that lease office space in its properties, with a focus on large and stable...
- Large international office tenantsprimary
Lease premium office space for regional or country headquarters and value stable, well-managed premises.
- Finance sector tenantsprimary
Buy office space in central locations with high service standards and strong building quality.
- ICT tenantsprimary
Lease flexible offices with modern technical standards and good indoor environment.
- E-commerce and business services tenantssecondary
Use offices as operational hubs and want efficient, adaptable space in major cities.
Eastnine owns office properties in Poland, Lithuania and Latvia, with key cities including Warsaw, Poznan, Vilnius and...
- •Portfolio concentrated in Poland, Lithuania and Latvia
- •Key office markets include Warsaw, Poznan, Vilnius and Riga
- •Operations depend on local leasing demand in each city
- •European banking relationships support property financing
- •Regional political and planning conditions affect asset value
Eastnine’s strategy is to own and develop modern office properties in selected growth markets, with a strong emphasis...
01
Expand the office portfolio in priority citiesmedium-term
Adds scale in markets where Eastnine believes demand and financing are attractive.
02
Strengthen tenant quality and lease durationshort-term
Longer, higher-quality leases reduce vacancy risk and support recurring rental income.
03
Differentiate through sustainability and building qualitymedium-term
Modern, certified and efficient offices support tenant retention and asset competitiveness.
04
Launch development projects selectivelylong-term
Development can create value, but only when leasing and project economics are sufficiently secured.
Eastnine’s main risks come from office demand, vacancy, financing conditions and the operating environment in its...
Interest-rate and financing risk
The portfolio is capital-intensive and relies on bank debt and refinancing access.
- Scope
- Interest-bearing liabilities and bank loan maturities
- Materiality
- high
Geopolitical and regional market risk
Property values and tenant demand can be affected by political, economic and security conditions.
- Scope
- Poland, Lithuania and Latvia
- Materiality
- high
Cybersecurity risk
Digital property management systems can be disrupted by attacks or unauthorized access.
- Scope
- IT systems and property management operations
- Materiality
- medium
Supplier and contractor compliance risk
Third parties can create delays, cost overruns and reputational issues if standards are not met.
- Scope
- Construction, procurement and project execution
- Materiality
- medium
Climate-related operating cost risk
Warmer weather can increase cooling needs and energy consumption in office buildings.
- Scope
- Buildings with high solar radiation and large glass surfaces
- Materiality
- medium
Investment property fair value
Can materially affect balance sheet values and reported profit
Lease accounting and WAULT
Affects revenue timing and property cash flow analysis
Interest-rate derivatives
Affects financing costs and derivative gains or losses
Development project capitalization
Affects asset values and expense recognition
: 11/08/2026