East Capital €54 million acquisition of Park Nehatu

12/7/2017
Private acquisition

€ 54 million

$ 61.628 million

Completed

12/7/2017


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

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