We advised the sale of Postimaja Shopping Center to the Baltic Horizon Fund for 34.4 million euros
Ellex Raidla team advised Swedish real estate investor CA Fastigheter AB on the sale of Postimaja Shopping Centre to the Baltic Horizon Fund. Postimaja is a modern shopping centre located in the heart of Tallinn, at the Narva road 1.
The total current leasable area of Postimaja is 9 141 m2. The anchor tenants are Rimi, H&M, New Yorker, Eesti Post and MyFitness.
The total purchase price paid upon completion of the transaction is approximately EUR 34.4 million (plus VAT). Closing of the acquisition is dependent on a merger clearance from the Estonian Competition Authority.
The transaction was advised by Ellex Raidla’s Partner Ermo Kosk, Senior Associate Sandra Värk, Associate Kerstin Jürgenson and Counsel Toomas Kasesalu.