EfTEN Capital acquires GBA 42,000 m² shopping center (EE)
Tuesday 10 July 2012
Seven Real Estate Advisors, a leading pan-Baltic real estate advisory firm, advised EfTEN Capital AS on the acquisition of community shopping center in Tallinn.
Seven Real Estate Advisors assisted EfTEN Real Estate Fund to secure its largest single investment.
Shopping center Mustika has a rental space of 21,500 m² as of today and expansion potential over 4,000 m². The shopping center is anchored by Prisma Hypermarket (SOK, Finland). Acquisition price was €21.5 million making it the largest retail transaction Baltics this year.
Olev Mait Makk, Partner, Seven Real Estate Advisors, said: "EfTEN Capital has built up its high performing investment portfolio in stages and it is honor to help such a professional player to execute a landmark acquisition."
EfTEN Real Estate Fund is established by EfTEN Capital AS, the fund manager, in year 2008. The fund invests in commercial real estate properties; a portfolio of commercial real estate has a total of 12 objects.
EfTEN Capital AS is an asset management company founded in 2008, specializing in real estate investments. EfTEN Capital is licensed as a fund manager by Estonian FSA.
Seven Real Estate Advisors is the single most active commercial real estate transaction adviser in the Baltic region with nine successful commercial property transactions executed in the past 24 months.