East Capital acquires Metro Plaza office centre in Tallinn
East Capital Baltic Property Fund II was founded in 2012 and invests in commercial real estate in the Baltics. Today the Fund has investments in and around all three Baltic capitals, namely Tallinn, Riga and Vilnius. The Fund’s focus is on properties in prime locations with well-established tenants and sustainable rental terms.
Commenting on the acquisition, Kestutis Sasnauskas, Head of East Capital Private Equity and Real Estate, said:
“Our acquisition of Metro Plaza is another investment that illustrates the attractiveness of the Baltic real estate sector. The combination of a high yield level and favourable financing terms creates attractive investment opportunities in this market.”
Madis Raidma, Real Estate CEO at East Capital added:
“Through this transaction, East Capital Baltic Property Fund II acquired a well-known A-class office building in CBD Tallinn. With this purchase, East Capital’s total real estate assets under management increase to €284 million, 250,000 square metres and 500 lessees in all three Baltic countries. This reconfirms East Capital’s position as one of the leading participants in the Baltic real estate market.”