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Thursday, 18.06.2026, 10:12
East Capital Fund agrees to buy Tallinn logistics property Tanassilma
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East Capital would purchase a newly built property of 40,000 square meters in Tallinn’s Tanassilma industrial and logistics area from real estate developer VGP, with an expected closing date of May 15, the company said in an e-mailed statement today, without disclosing financial details, reports LETA.
"There is an opportunity to invest in the Baltic real- estate market at attractive yields," Biljana Pehrsson, Head of East Capital Real Estate, said in the statement.
"The outlook for the property market is positive in the medium term and the trend is for institutional investors to increase the weight of real-estate assets in their asset allocation," Pehrsson added.
East Capital Explorer has committed to invest ten million euros in the first closing of the new fund.
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