We advised AS Hortes garden centre regarding sales transaction
We represented AS Hortes gardening centre property in Laagri, Tallinn with a sale-and-leaseback transaction. The Hortes gardening centre property in Laagri was acquired by a public closed-end alternative investment fund EfTEN Real Estate Fund III AS. Total investment amounts to 3.1 million euros.
Hortes is Estonia’s leading retail brand for garden and home products and biggest garden centre in the Baltics. Hortes garden centre offers the Baltic region’s broadest selection of indoor and outdoor plants, gardening tools and supplies, as well as home and pet products.
We advised AS Hortes in the negotiations regarding the property sale agreement and the conditions of the buildings rental contract, as well as the completion of transaction. Ellex Raidla team included partner Martin Käerdi and associate Triin Tiru.