Ellex has advised Lintgen Adjacent Investments S.a.r.l. on the acquisition of the T1 Mall in Tallinn for EUR 55 million.
According to Ellex, “The bankruptcy trustees declared Lintgen Adjacent Investments S.a.r.l., the company representing the T1 shopping center’s creditors, as the winner of the T1 Mall of Tallinn auction. The T1 Mall, south of the city center, opened in 2018 but was dogged with problems even before the pandemic arrived, and was forced to declare bankruptcy in April this year. An initial auction for the property, at Peterburi tee 2 in the capital, with an asking price of EUR 85 million, drew a blank, as did a second auction with a starting price of EUR 65 million – while four parties registered for the second auction, none bid in the event.”
Ellex’s team included Partners Toomas Vaher and Risto Vahimets, and Senior Associates Marika Kutt and Alla Kuznetsova.
Ellex did not reply to our inquiry on the deal.