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FORT is advising EfTEN in acquisition of Marienthal commercial centre

On 19, 02 2018 | No Comments | In Uncategorized | By Birgit Viilukas

FORT Legal in Tallinn is advising EfTEN Kinnisvarafond II AS, the closed-end core real estate fund of EfTEN Capital, in its acquisition of Marienthal commercial centre in Tallinn. The transaction will be finalized in the second quarter of 2018.

Marienthal, built in 2008, has 13,426m2 of leasable area and houses 26 long-term tenants, including anchor tenants Coca-Cola, Fujitsu and Selver.

The deal value is not disclosed, but following this transaction, the total volume of the assets of EfTEN Kinnisvarafond II AS would exceed 250 MEUR, making it the largest commercial real estate fund in the Baltics.

FORT-s deal team: partner Minni-Triin Park, senior associate Margus Kõiva and lawyer Karl Kahm.

EfTEN press release: HERE.