East Capital Real Estate AS and BPT Real Estate AS entered into a contract for the management of Mustamäe Centre

09Oct

BPT Real Estate AS entered into the agreement to manage the Mustamäe Centre owned by East Capital Baltic Property Fund II located at A.H. Tammsaare Street in Tallinn.  The five-storey building has a total area of 21,000 square meters, and the largest tenants in the building are Rimi Hypermarket, Apollo Cinema, MyFitness sports club, and restaurant LIDO.

According to Janek Hintsov, CEO of BPT Real Estate AS, the addition of Mustamäe Centre among the company’s clients is a great honour and the management company has a duty to work for the well-being of the client and their tenants.

He adds that BPT Real Estate offers a strategic partnership with a diverse range of services. “We design an optimal and personalised solution for each client and offer bold and out-of-the-box solutions to help preserve and increase the value of the client’s investment. We are a partner for real estate investors, owners and tenants alike.”

The five-storey Mustamäe Centre completed in 2016 was incorporated among the property of East Capital Baltic Property Fund II in the same year. Mustamäe Centre has a total area of more than 21,000 square meters, of which approximately 13,500 square meters is rental space. The anchor tenant for the Centre is Rimi Hypermarket, and the Centre also includes the popular Apollo Cinema, MyFitness sports club, and several restaurants, cafes, and stores for the whole family. The Centre has a parking lot with approximately 500 parking spaces, 98 of which are located on the roof. The building is situated at the high-traffic Tammsaare Street.

BPT Real Estate, a full-service commercial real estate company, manages the largest shopping centres and office buildings in Estonia, Latvia and Lithuania and has offices in Tallinn, Riga and Vilnius.

East Capital Real Estate AS is a leading property management company operating in the field of real estate in the Baltic States with teams in all three states. The company manages four funds with a total value of 464 million euros, which includes 390,000 square meters of rental space in a total of 24 different properties.