BPT advised the sales transaction of Kadrioru Business Centre in Tallinn.
BPT advised Pirita Tee Development OÜ on the sales transaction of the Kadrioru Business Centre – one of the largest commercial real estate transactions in Estonia this year.
Kadrioru Business Center, located on the Narva Road, is a four-building complex built in 2016, with almost 6,600 square meters of commercial space fully leased. There are 116 parking spaces in the underground parking lot, and the net area covered by the object reaches 11,200 square meters. The major tenants of the buildings are Citadele Group, Hurtigruten and Vienna Insurance Group.
Pirita Tee Development OÜ decided to sell the business center since the development project has been completed.
We would like to thank both parties for a smooth cooperation.
More information can be found here: https://www.aripaev.ee/uudised/2018/11/02/eften-ostab-kadrioru-arikeskuse