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26

06
2020

FORT advises East Capital Real Estate on the acquisition of the SEB Bank head office in Tornimäe, Tallinn

On 26, 06 2020 | No Comments | In Uncategorized | By Nadezda Paist

FORT advises East Capital Real Estate IV fund in acquiring the head office of SEB Bank in Tornimäe, Tallinn.

This is the first post-covid crisis major commercial real estate transaction in the region. The 24-storey building, with a total leasable area of approximately 16,000 square meters, is located in Tallinn’s central business district and is one of the most iconic buildings in Tallinn. The entire building is fully leased to SEB that has been its tenant since the commissioning of the building in 1999. The transaction value amounts to EUR 45,75 million.

FORT’s project team consists of Minni-Triin Park, Rene Frolov, Margus Kõiva, Karl Kahm, Gerda Raag and Helery Maidlas.

Read more about the transaction on the East Capital Real Estate website HERE.