Lumi Capital together with an Estonian private investor acquired the Flora office property, located on Tulika street in Tallinn, next to the Kristiine Shopping Centre. Flora office building has a long and reputable history, and is home to many small and mid-sized successful companies. There are a total of 4 400 square meters of leasable space in the property.
AS Flora will continue with its Flora trading activity, and will continue managing the rest of its property portfolio. The parties have agreed not to disclose the transaction price.
The seller’s legal advisor was Tark Grunte Sutkiene and real estate advisor Realin Advisors. The buyer’s legal advisor was Red Legal.