Tark Grunte Sutkiene has advised Estonian investors Indrek Prants, Sven Mansberg and Armin Koomagi in their purchase of the Rocca al Mare Sports Centre – one of Estonia’s largest tennis and fitness centers – from the Askembla Growth Fund.
The total area of the Rocca al Mare Sports Centre is 9,800 square meters. The largest tenants are the MyFitness sports club, the Rocca al Mare Tennis Center, Sportland, and AMPS.
The new owners of Coral Arendus are planning to invest in the Rocca al Mare Sports Centre and to further expand the sporting activities in the centre. Indrek Prants commented on their plans concerning the center as follows: “We plan to invest in Coral in the coming years to modernize the whole sports centre. Rocca al Mare Tennis Centre and the largest chain of fitness clubs in Estonia, MyFitness, have proven to be a viable combination and our goal is to provide everybody even wider sporting opportunities under one roof in the future.”
Tark Grunte Sutkiene Senior Associates Tanel Tark and Allar Aru provided counsel on the transaction.
