TGS Baltic advised NIB on granting an investment loan of EUR 16.1 million to TKM Kinnisvara AS to finance the construction of a logistics center. 

29.05.2024 TGS Baltic advised NIB on granting an investment loan of EUR 16.1 million to TKM Kinnisvara AS to finance the construction of a logistics center. 

TGS Baltic advised Nordic Investment Bank (NIB) on granting an investment loan of EUR 16.1 million to TKM Kinnisvara AS, a member of the TKM Group, to finance the construction of a logistics center. 

According to the press release published on the NIB website, the logistics center will be built to serve the volumes of goods of the TKM Group companies, serving mainly the volumes of goods of Selver, one of the largest retail store chains in Estonia, in the initial phase. The new center, with a total area of ​​17,200 m², is planned to be completed in the fall of 2024. The center will be a modern building with an energy class A and built in accordance with the requirements of the BREEAM "Excellent" certificate. A solar park will be built on the roof of the logistics center, which covers a significant part of the building's electricity consumption.


The project team included TGS Baltic partners Kirsti Pent and Karin Marosov, counsel Silvia Urgas and senior associate Olger Kaelep.