Advising EAST CAPITAL REAL ESTATE AS in the acquisiton of 40,000 sqm logistics property in Tallinn
28.05.2012
Raidla Lejins & Norcous advised EAST CAPITAL REAL ESTATE AS in one of the largest real estate transactions in the Baltics since 2010 – the purchase of 40,000 sqm logistics property in Tallinn. The project team included partner Jaanus Ikla and counsel Martin Käerdi.
VGP Warehouse Park is a newly built and modern logistics property of 40,000 sqm situated in Tallinn’s largest industrial and logistics area, Tänassilma. It is fully leased to large and well- known companies with long rental contracts at sustainable rental levels. VGP, a development company specializing in logistics properties, is the seller. The property fits well into East Capital Baltic Property Fund II’s portfolio; the existing contract terms of the leases are long which ensures a stable long-term cash flow.
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