Mustamäe Keskus shopping centre sold from East Capital to Project Bricks

Ellex in Estonia advised a deal in which East Capital Real Estate sold Mustamäe Keskus shopping centre to Project Bricks.

Mustamäe Keskus shopping and entertainment centre has more than 21,000 sqm of which the leasable area is approximately 13,500 sqm. The most significant tenants of the centre are Apollo Cinema operating the most modern multiplex cinema in the Baltics, Rimi hypermarket, the region’s most modern fitness club MyFitness and 2,000 sqm of different restaurants and cafes.

Ellex team who advised the deal included Partners Ermo Kosk and Martin Käerdi, and Associate Karin Tartu.