Bonava sells 82 rental apartments in Tallin, Estonia
Bonava is selling 82 rental apartments to Lumi Capital in Tallinn, Estonia. The project is expected to be recognised in profit and transferred to the customer in the fourth quarter of 2021.- Today, the limited rental offerings available in Estonia are mainly through private operators. With this sale, Bonava is completing one of the few transactions with an institutional investor in the Baltics, says Joachim Hallengren, President and CEO, Bonava. The rental apartments are part of the Uus-Mustamäe project, which in turn is the largest residential development in Mustamäe, the second-largest