East Capital €54 million acquisition of Park Nehatu

Overview:

• East Capital has completed the €54 million acquisition of Park Nehatu logistics park near Tallinn from VGP.
• The deal was completed through East Capital Baltic Property Fund III, a real estate fund established in August 2015.
• The properties involved include five logistics buildings with a total of more than 77,000m² of lettable area.
• East Capital is a Stockholm-based asset management company. This transaction represents its second acquisition in Estonia following the 2012 purchase of logistics properties to the south of Tallinn.
• VGP operates and develops logistics and industrial parks throughout Central and Eastern Europe, as well as in Spain.

Jon Moore - Journalist