The main furniture shopping destination in Jõhvi is located right in the city centre, next to the main bus terminal and Jewe Shopping Centre. The property, with total GLA of 2,731 sq m, is let to multiple furniture and interior decoration stores, including Home4you, Valley Carpets and Voland Pluss.

The seller, East Capital Real Estate, is a leading real estate manager specializing in commercial real estate investments in the Baltics and Central Europe.

The property was acquired by a private investor.

Read more in the news article here: https://www.aripaev.ee/uudised/2024/04/17/east-capital-muus-kaks-hoonet

Solaris Centre is a multifunctional shopping, office and entertainment centre in the heart of Tallinn. The new office with a total GLA of 179 sq m will be located on the 4th floor of the building.

Associated Press (AP) is an independent global news organization dedicated to factual reporting. Founded in 1846, AP operates as a cooperative, unincorporated association and produces news reports that are distributed to its members, U.S. newspapers and broadcasters.

The Property, strategically located in a well-regarded area known for industrial buildings in Tartu on Vaksali 61, boasts a total GBA of 4,511 sq m.

International Aluminium Casting Sweden (IAC), a Swedish company with operations both in Sweden and in Estonia, is a renowned sub-contracting aluminium foundry and a global supplier of aluminium components. As part of the transaction, IAC has signed a long-term lease contract, reaffirming their commitment to the facility.

The buyer, Reterra Estate, will also undertake the construction of an extension, further enhancing the facility’s capabilities. The planned extension is projected to be approximately 4,609 sq m.

Interested in gaining insights from both the buyer and seller’s perspectives on the transaction? You can find their comments in the Estonian news article here: https://www.kinnisvarauudised.ee/uudised/2023/07/20/reterra-ja-international-aluminium-casting-solmisid-suurtehingu

The property is situated on the bustling Pärnu Road, just 2.5 km from the heart of Tallinn. Developed and constructed by the anchor tenant YIT Eesti, Estonia’s leading real estate development and construction company, the building boasts a total GLA of 1,911 sq m and is fully let to 5 reputable tenants.

Olympia Baltic Opportunities Fund is a French alternative investment fund mainly invested in the Baltic real estate market.

The property was acquired by private investors.

The great pleasure to meet colleagues in person for very interesting presentations on the currently challenging and changing market.

The key takeaway from one day discussions:

• Offices – buyers and sellers are diverging in their pricing expectations;

• Industrial – low yields are being challenged by higher and increasing costs of debt;

• Apartments – are showing strong resilience, the asset class is contributing a third of the total investment volume in Europe;

• Retail – sector has recovered with rebounded consumption, segmentation in the sector continues;

• Hotel – performance picking up with increased travel demand, the challenge for the sector going forward is decreasing purchasing power due to rising living costs;

• The current economic and political situation possess challenges for the real estate sector going forward, the transaction volumes are decreasing and investors and landlords are in the process of price discovery;

•The market potential, asset quality and environmental sustainability are and will remain critical for the investors.

We were excited to meet our clients and dance the night away listening to Nancy, the most glamorous Estonian pop music diva of the 90s. She definitely took us back on memory lane!

Thank you everyone who took the time to spend the evening with us!

International real estate advisor Savills has entered into an association with SUPPA Advisers in the Baltics to support its continued expansion in Europe.

The SUPPA team has worked in the Baltics real estate market since 2006 with a strong focus on large scale complex real estate transactions, as well as asset management, renewable energy, forestry sales and acquisitions. The company is the market leader in Estonia and a leading player in the Latvian and Lithuanian commercial real estate markets.

The team has been involved in some of the most significant transactions that were made in the region. Amongst others, the track record includes the largest sale and leaseback transaction in the Baltics on behalf of SEB amounting to €197m. This also includes advising on the largest residential transaction in the Baltics, Estonia’s Raadiku municipal housing, which private developers sold to LCN Capital Partners for €136m and consecutively LCN Capital Partners sold to ICG, and, in cooperation with Savills, advising Blackstone on the sale of the Dole Shopping Centre in the suburbs of Latvia’s capital Riga to Hili Properties.

James Sparrow, CEO, Savills UK & EMEA, comments: “We are delighted that SUPPA Advisers will be our associate in Estonia, Latvia and Lithuania with immediate effect.

Baltic real estate saw a record transaction volume of c.€1.4bn in 2021 and we anticipate this sector to grow even more in the future once financial markets recover. This association enables us to strengthen and broaden our growing presence in the region as we continue to expand our teams and areas of expertise for the benefit of our global client base.”

Aleksandrs Tralmaks, Founding Partner, SUPPA Advisers, says: “This association with Savills allows us access to the company’s vast global network and reach of international investors and capital. It builds on our existing track record of commercial real estate transactions and on our continued cooperation in farmland and forest advisory that is currently not offered by any other global brand in the Baltics.”

The transaction of first two properties – Vironia Centre in Kohtla-Järve with a GLA of approx. 10,000 sq m and Raadi Centre in Tartu with a GLA of approx. 3,100 sq m – was successfully closed in March 2022. The remaining two properties – Ahtme Centre in Ahtme with a GLA of approx. 3,300 sq m and Rappeli Centre in Rapla with a GLA of approx. 4,600 sq m – arrived to closing in June 2022.

Sven Mihailov, one of the shareholders of Fausto Capital, says that the decision to sell was made due to the wish to direct focus mainly on the development of commercial real estate, especially the development of the new phases of the Fahle business quarter created in the area of the historic paper mill.

Fausto Capital as one of the leading real estate developers in Estonia has been engaged with commercial real estate development, leasing and management since 2004. Among their latest is the development of Fahle Park – a thriving business and residential quarter in the city centre of Tallinn with a total building right of approx. 120,000 sq m, of which 30,000 sq m was completed in the end of 2020.

The portfolio was aquired by investment company Capital Mill. The company is focused on investments in commercial real estate in the Baltics, and today, the portfolio volume reaches 485 million euros.

„We are always on the lookout for investment opportunities in all Baltic states and the investing portfolio we manage has been in stable growth throughout the company’s existence,“ said the CEO of Capital Mill, Kaarel Loigu. According to him current economic situation has grown complicated, unpredictable, and made foreign investors anxious. This is also the reason for the halt or temporary putting on hold of large real estate transactions. „We see great opportunities here since the situation favours local investors’ activity in making transactions“, Loigu stated.

The transaction was coordinated by SUPPA Advisers, a partner of the Savills Group in the Baltics.

SUPPA Advisers in association with Savills advised its clients on the sale of Pärnu mnt 127B commercial property in the city centre of Tallinn.

The property with a total GLA of 518 sq m is fully let to Confido Healthcare Group, a private healthcare provider in Estonia offering various medical services in prevention, diagnostics and treatment field.

The property is located only a 7 minute drive from the centre of Tallinn on one of the busiest streets in the city offering excellent access from different city districts.

The property was acuired by Estonian private investors.