We advised East Capital in connection with the purchase of Nehatu Logistics Park
Real Estate Fund East Capital Baltic Property Fund III managed by the management company East Capital has concluded an agreement for the acquisition of the Nehatu Logistics Park in Tallinn from the logistics and industrial park operator VGP. The price of this transaction was EUR 54 million. This is one of the biggest transactions made in Estonia since the purchase of the Hilton Tallinn Park hotel last year, also advised by the Ellex Raidla team.
According to Madis Raidma, Managing Director of East Capital Real Estate, the purchase of well-situated A-class Storage and Manufacturing Unit Nehatu Logistics Park is one very attractive investment that fits into the fund’s portfolio perfectly.
Logistics Park has over 77,000 square meters of A-class semi-industrial spaces for logistics, industry and business.
The transaction enters into force after being authorised by the Estonian Competition Authority.