East Capital Real Estate makes major acquisition and enters real estate development market
East Capital Real Estate has acquired 30 hectares of land outside of Tallinn for a new logistics project. The land is located in the corner of the Tallinn ring road and the Tartu highway, which is a high-value location for logistics, distribution, and light industry companies in the Estonian capital. It is also well connected to the main highways and has good connection with public transport, being located in close proximity to where IKEA is establishing a new store. The building right is for 150,000 sqm of logistics facilities with detailed planning in place and can thus be considered