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TARK GRUNTE SUTKIENE Tallinn office advised Pro Kapital in sale of Kristiine Keskus

TARK GRUNTE SUTKIENE team advised Pro Kapital in sale of one of the largest shopping centres (Kristiine Keskus) in Tallinn to Citycon group for ca 105 million EUR. The deal was closed in 2 May 2011 whereafter Citycon group, already owning Rocca al Mare and Magistrali shopping centres in Tallinn, became the owner of Kristiine shopping centre.

This deal is a landmark transaction for being one of the largest real estate transactions in Estonia ever and for setting a benchmark for other post-recession real estate deals.

The client was advised by partner Risto Vahimets and senior associate Marit Savi.