Capitalica Green Logistics Fund completes acquisition in a strategic industrial hub in Tallinn
April 25, 2022

Capitalica Asset Management, the investment management company of SBA Group, has acquired a logistic complex in Tallinn, consisting of two prominent buildings in the Juri region. This is the second investment done by Capitalica Green Logistics Fund since its establishment in 2021. It aligns with the fund’s goal to expand its presence in the Baltic logistics market and accumulate over 100 mln. euros in the coming years.

 

“We are thoroughly searching for top valued warehouse facilities in the prime industrial areas. The complex in Juri is an attractive proposition for its occupiers, the benefits are compelling,” says Andrius Barštys, CEO of Capitalica Asset Management.

 

Both objects are in the strategic location of Juri, in the logistical heart of Tallinn’s vicinity. Built-in 2020 and 2021 in a well-known industrial area on Kesk Road, properties ensure the best work environment with a developed infrastructure. The close intersection connects the highways heading to Tartu, Pärnu, and further to the Baltic capitals of Riga and Vilnius.  The future value of the area will increase with Rail Baltica crossing Harju County and a dry port built nearby. Thus containers and ro-ro freight transport can be handled without reaching the seaport area.

 

The buildings comprise two warehouse facilities of a total of 9500 sq.m. The tenant mix is focused on small and medium companies which are acting in the Estonian market. This guarantees a high occupancy rate, which currently is almost 100%. Coca-Cola HBC Eesti, production and advertising company NYimage, provider of international marine engineering solutions SRC Group, and National Health Board are a few examples of the tenants’ community.

 

“In the logistic sector, our acquisition activity is focused on industry essentials. By acquiring the complex in Tallinn we’re gaining a modern, established warehouse structure that is geared to local tenant needs. Provided with 7 meters space height, 5 tons per sq.m. floor load, LED lighting systems and own solar panels as energy sources – the facilities offer flexible layout options starting from 100 square meters,” comments Andrius Barštys.

 

FORT Legal advised on legal aspects of the deal, while the Projector company advised on environmental and technical aspects. Building administration will be managed by BPT Real Estate (currently acquired by Newsec). The transaction was financed by SEB bank in Estonia. The purchase price is not disclosed.

 

For more information:

Andrius Barštys,

CEO of Capitalica Asset Management

Andrius.Barstys@capitalica.lt

+370 612 30260

Upės g. 21-1,  LT-08128 Vilnius, Lietuva

www.capitalica.lt