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Cobalt Advises Corum Origin on Acquisition of Production Facility in Estonia

Cobalt Advises Corum Origin on Acquisition of Production Facility in Estonia

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Cobalt Estonia has advised French real estate fund Corum Origin on its acquisition of an industrial building that is fully leased to Harmet OU for 15 years under a sale and leaseback transaction.

According to Cobalt, the property built in 2017 as a turnkey project for Harmet’s factory is located approximately 30 kilometers from Tallinn’s city center. The building’s total surface is around 28,000 square meters, which, the firm reports, "makes it the largest production unit built in 2017 in Estonia."

Corum is an independent asset management company that is registered in France and invests in real estate in Europe.

According to Cobalt, Harmet specializes in manufacturing modular homes, modular on-site facilities, and various metal structures, "offering its clients complete solutions from design engineering to final assembly of the buildings."

Cobalt also advised Corum recently on the acquisition and leaseback transaction of the ELKO Group headquarters office and warehouse in Riga (as reported on by CEE Legal Matters on January 18, 2019). In 2017, the firm also advised the fund on its acquisition of the Prisma shopping center in Narva, Estonia (reported on by CEE Legal Matters on July 13, 2017).

The Cobalt team included Partner Aivar Taro and Assistant Lawyers Helen Sool and Mari Teder.

Cobalt reported that it was not able to disclose further information on the deal. 


Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


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