We Advised One of Baltics’ Largest Real Estate Companies Kapitel on Acquisition of 50% Holding in Logistics Property Company Nordassets

22.01.2021 We Advised One of Baltics’ Largest Real Estate Companies Kapitel on Acquisition of 50% Holding in Logistics Property Company Nordassets

The main area of activity of Nordassets is development, acquisition, management and leasing of industrial property. The enterprise owns logistics centres with approximately 59,000 m² space for rent and a registered immovable with a detailed plan in Rae Rural Municipality in Harju County, the main lessee of which is Smarten Logistics. The transaction will take effect after obtaining approval from the Estonian Competition Authority.

“It is the first logistics property project in Kapitel’s portfolio. Further plans of the joint venture involve purchase of high-quality ready-made projects and development of new projects on the registered immovable included in the portfolio and in other locations required by clients,” said Rait Pallo, member of the management board of Kapitel.

Our team was led by partner Sander Kärson and conducting of the transaction was also advised by senior associates Kärt Raud, Merli Mäesalu and Triinu Järviste and lawyer Hanna Maria Kokla.

Kapitel (www.kapitel.ee) is one of the Baltics’ largest real estate companies, engaged in the development and management of shopping centres, hotels, and office buildings. The group’s property portfolio includes over 185,000 m² of space for rent.