East Capital’s fund acquires Nehatu logistics park

2017 - 07 - 03

According to East Capital Real Estate CEO Madis Raidma the class-A logistics and manufacturing real estate at one of the arteries of traffic in Tallinn is an attractive investment that is perfect addition to the portfolio.

The greatest assets of Nehatu logistics park according to Raidma are strong and long-term tenants, excellent location and accessibility.

The logistics park includes more than 77,000 square meters of class-A semi-industrial premises suitable for logistics, industrial and commercial activities. The tenants of the Nehatu logistics park are CF&S Estonia, Aston Synthetics and Lemoine Estonia, to name a few. The transaction will take effect once it has been approved by the Estonian Competition Authority. Advisors to the buyer were KPMG and RaidlaEllex.

VGP operates logistics and industrial parks in Germany, the Czech Republic, Latvia, Estonia, Slovakia, Hungary, Romania and Spain. Its shares are listed on the Euronext in Brussels and the Prague Stock Exchange.

East Capital Baltic Property Fund III is a real estate fund established by the East Capital management company in August 2015, that invests in high-quality commercial properties with well-established tenants in attractive locations in Tallinn, Riga and Vilnius. The equity capital of the Third Fund is EUR 100 million and it is targeted for institutional investors. The current investments of the fund are Vesse shopping and office centre with leading do-it-yourself chain Bauhof as anchor tenant and newly built Hilton Hotel in the centre of Tallinn, offering modern hotel, SPA and entertainment facilities of the highest quality in Estonia.

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