The commercial real estate fund managed by Lumi Capital and Hepsor AS, concluded the purchase transaction of the commercial premises at Priisle 1.
On 15 November 2022, a contract of purchase and sale in rem was signed for the purchase of the commercial premises at Priisle 1, Tallinn, for which a contract under the law of obligations was entered into in December 2021.
A long-term rental agreement has been signed with Selver AS for the use of the commercial premises at Priisle 1 and retail leasable area is: 1500 m2.
Lumi Retail Property Fund is a Baltic-wide real estate fund that specializes in neighborhood shopping centers close to home. The total volume of the fund's investments is planned to be 100 million euros within a timeframe of 20 years. The anchor investors of the fund are Swedbank pension funds.
Hepsor AS (www.hepsor.ee) is one of the fastest growing residential and commercial real estate developers in Estonia and Latvia. In ten years of operation, they have created more than 1,300 homes and 15,000 m2 of commercial space. Hepsor is the first developer in the Baltic States to implement a number of innovative engineering solutions that make the company's buildings more energy-efficient and thus more environmentally friendly. The company's portfolio includes a total of 22 development projects with a total area of 140,000 m2.