2 rugpjūčio 2011, Tallinn, Estonia

BPT Asset Management has aquired Lincona Office Complex in Tallinn, Estonia

BPT Asset Management has aquired Lincona Office Complex in Tallinn, Estonia, for its new Baltic portfolio. The complex houses the new group-wide Swedbank IT division as an anchor tenant.

The Lincona Office Complex, is located on the arterial Pärnu road, just 4 km from Tallinn Old Town. The complex has a net lettable area of 11 336 sq. m. divided as 75% office space and 25% retail space (ground floor). The complex consists of 3 connected office buildings and 1 standalone retail unit with redevelopment potential. The complex also includes a 5-floor parking house for about 400 vehicles.

The anchor tenant is the new group-wide Swedbank IT division which includes both the Swedish and Baltic IT operations. Swedbank IT provides software solutions for internal clients, including securities services operation, equities trading and investment management division in the Baltics. On the retail side the complex has established itself as the preferred location for high quality home decor stores.

The property was owned by Krono Holding OÜ which was controlled by Mati Tusov, Indrek Prants, Sven Mansberg and Armin Kõomägi. Catella Corporate Finance was the financial and property advisor to the sellers, the owners of Krono Holding OÜ.