TGS Baltic’s Estonian office has advised property lender EstateGuru on its EUR 1.6 million loan to Finnish-based printing house Libris Oy for the purchase of real estate.
According to TGS Baltic, Libris will be the owner of the collateral property (the printing house). The firm reports that, the bridging loan was funded in less than two weeks by 1,233 investors from 41 countries.
EstateGuru, established in 2014, is one of the largest real estate crowdfunding platforms in Scandinavia, and it claims to have more than 10,300 investors from 45 countries and to have issued loans amounting to over EUR 45 million. The platform currently has offices in Estonia and Latvia, but plans to expand into the UK, Ireland, and Spain this year.
Libris Oy — a member of Estonia's Libris Group — provides printing services to Tikkurila and Finnair, among others. In 2017, the turnover of the company was EUR 3.59 million and it had 25 full-time workers.
TGS Baltic’s team included Managing Partner Martin Tamme, Partner Sander Karson, and Associate Nikita Divissenko.
