Ellex has advised Forum Invest and Forum Valduse on the sale of Foorum Centre to US Real Estate.
The transaction remains contingent on regulatory approval.
Foorum Centre is a commercial building in Tallinn, with a leasable area of 9,600 square meters. The building is leased to 50 tenants and has 135 parking spaces.
"Our goal is to improve the surroundings of the Rotermann quarter even more and give the area next to the city’s busiest intersection a new lease of life," US Real Estate Founder Urmas Soorumaa commented. "The Golden Gate office building at Ahtri 6, which is currently under construction and will be completed in 2024, creates an excellent connection with the seaside area, and the acquisition of Foorum Centre is part of our plan to open Rotermanni Quarter towards the Narva Road as well."
US Real Estate is a real estate company with a portfolio of over 100,000 square meters of rentable space and more than 200,000 square meters of space under development.
The Ellex team included Partner Martin Kaerdi and Associate Karin Tartu.
Ellex did not respond to our inquiry on the matter.